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Kurt Albertson is a Principal in The Hackett Group's North American Procurement Advisory. He has program responsibility for North American Strategic Advisory programs focusing on client relationships, business development, research and program delivery. Mr. Albertson works with over one hundred Global 1000 companies leveraging research and thought leadership to provide strategic direction and best practice business advice within Procurement and Finance. Many of Procurement key priorities for 2017 are supported by more effectively managing tail spend suppliers. Understanding the opportunity associated with better tail spend management starts with understanding your supply base profile. The benefits associated with more effective tail spend management are quantifiable in most cases. We can reduce tail spend suppliers through maturing strategic sourcing and compliance activities. Even mature organizations will need to build different capabilities to more effectively manage tail spend suppliers. Spot buy marketplaces and third-parties are gaining traction in the effort to better manage tail spend suppliers.