President's Month Membership Meeting

March 05, 2018
5:30 PM to 8:00 PM
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89 A Street #100
Needham, MA 02494

Tail Spend: New Technologies for Making Small Purchases 

"Tail spend is that spend for any firm, which is not actively managed in all the spend categories and may have an impact on the firm's financial performance due to its impact on SG&A and COGS or Cost of Services. It contains a small portion of the spend (10–20% under each spend category) but with usually (not always) a large number of suppliers accounting for it."

For some buyers this is just a hang-nail; for others it is what they have to deal with every day. For either savings or efficiency improvement there are options - new thechnologies and new players - that can make these buys more attractive to address in your operational planning.  

Our primaty topic to lead us into diiscussion of small purchase opportunities will be:

Technologies that will Transform Procurement in 2018: Big Data Analytics, Machine Learning, Robotic Process Automation, Artificial Intelligence and Blockchain will reshape the Procurement Industry

Our speakers are Kevin Frechette, Co-Founder & CEO and Tarek Alaruri, Co-Founder and COO, both of FairMarkIT. They ar both entrepeneurs who have grabbed the "tail" of our responsibility and are doing something about it.

We'll hear from them first and then do some networking around a light supper provided by our host and ISMGB sponsor, Shark/Ninja, who also is providing some door prizes of Shark and Ninja products.

After dinner, we will break into two groups and two orgnizations wil discuss their approaches to Tail Spend separately: 

Group A: FreshMarkIT's technology application - Kevin Frechette and Tarek Alaruri, FreshMarkIT founders

Group B: Amazon Business's approaches to simplify  your Tail Spend - Jeffrey Oar, Head of Customer Success, Enterprise (USA) Amazon Business

(Each group will meet for 20 minutes and then the speakers will switch groups for another 20 minutes) 


5:30 Welcome

5:35 Technologies that will Transform Procurement in 2018

6:15 Dinner and Networking

6:45 Tail Spend Opportunities Roundtables

7:30 Raffle Drawing and Announcements

7:45 Adjourn 

2.5 CEH’s awarded for attendance at the meeting.


$0.00 Members

$30.00 Non-Members