Discuss:What is tail spend, why is it important to manage, and what are ways to manage tail spend?

Discuss:

1.) Referring to the first article, what are your thoughts about skill sets needed for the future and, if you did a gap analysis on your skills, where do you see greatest need for personal improvement?

Referring to next three articles:

2.) What is tail spend, why is it important to manage, and what are ways to manage tail spend?

3.) Describe ABC Analysis. In ABC Analysis, what would be your tail spend within the context of ABC Analysis?

4.) Describe one of the top 5 spend metrics tracked by procurement organizations today.

(the readings are in the file section and I put the number of pages for the name of the pictures.)