Fairmarkit is present in 1 market with 1 product. Fairmarkit has 1 review with an overall average rating of 4.
Tail Spend Solutions
Tail spend solutions help process and fulfill spend on noncritical goods and services, which are supplied by vendors that are not actively managed by procurement. Most procurement organizations only strategically manage part of their spend, prioritizing high-volume and spend categories. This leaves what is referred to as the “tail” of an organization’s spend unmanaged. In addition to providing visibility into all types of spending, these solutions also automate key procurement processes and provide detailed insights into spending patterns through dashboards. Actively managing tail spend improves spend visibility and coverage, operational efficiency, and purchasing controls. The end users can still make one-time purchases to do their jobs without adding to procurement’s workload.
Fairmarkit has 1 product in Tail Spend Solutions market