Long Tail Spend

Long tail spend is defined as the portion of an organization’s total spend that is made up of small, infrequent purchases. While long tail spend may account for a small percentage of an organization’s total spending, it can still represent a significant amount of money.

Organizations often have difficulty managing long tail spend because it can be difficult to track and control. This can lead to waste and inefficiency, as well as higher prices for goods and services.

There are several ways to manage long tail spend, including using purchase cards, setting thresholds for approvals, and centralizing purchasing. By taking steps to better manage long tail spend, organizations can realize significant savings.