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Navigating procurement: Creating value in economic uncertainty
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Setting up systems to monitor supply risk management and supply chain visibility can preempt future performance issues that your organization may encounter. Predictive financial performance monitoring tools are often of value to companies monitoring the activities of their suppliers – indeed, recently one large global manufacturer was able to prepare for the impending bankruptcy of a major supplier due to their predictive analysis, indicating that the supplier was developing cash flow issues. Related: Supply risk...
Together, Xeeva’s AI-powered procurement technology integrated with Agiloft’s contract and commerce lifecycle management software will drive significant efficiency and compliance REDWOOD CITY, Calif., -- Oct. 31, 2019 -- Agiloft, the global standard in contract and commerce lifecycle management (CCLM), and Xeeva, a global provider of AI-powered specialized procurement software, today announced they have forged a strategic partnership to provide a fully integrated source-to-contract experience for enterprise customers. Industry analysts have endorsed the significant value customers...
Most folks that don’t know e-procurement will think of it simply as purchasing necessary goods and services in the most cost-effective manner. However, what most don’t think about is the importance of the buying experience (much more than making it Amazon-like) and the specifics that go on behind the scenes. When using e-procurement for the P2P process, buyers (requesters) rely heavily on the accuracy of the catalogs to provide the most informed information. They also...