Toward a More Intelligent Enterprise: Reaping Savings from Tail-End Spend
Recent economic turmoil has forced companies around the world to re-evaluate and optimize their organizational approach to managing spend. Companies willing to innovate to retain their competitive edge—what Genpact calls intelligent enterprises—are increasing effectiveness in their procurement processes through new cost reduction methodologies.
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These include better management of tail-end spend. Such companies are reaping the benefits of reduction in total cost of ownership (TCO), optimization of working capital, and availability of material and services.