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Navigating procurement: Creating value in economic uncertainty
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MADISON HEIGHTS, MI, May 14, 2018 – Xeeva, Inc., a global provider of intelligent, award-winning procurement software, has announced it will be hiring over 40 open positions globally. With a focus on expansion, connection, and changing the future of procurement, the open positions will be spread across a variety of departments, including sales, marketing, customer success, and product. After receiving a significant funding round recently, the metro Detroit-based company plans to spend the rest of the...
So now that you know what spend under management (SUM) is, how would you go about adopting such a framework? SUM is built on creating a partnership between indirect procurement and operations along five key operating principles across sourcing, contracting, buying, and spend decision-making. At its foundation is executive leadership with joint operating targets established between indirect procurement and the operating groups they support. The actual SUM model measures the maturity of the organization across...
In these unprecedented times, our economic outlook is uncertain. One thing is abundantly clear though – companies will lean on procurement teams to do more with less: Gain instant spend visibility into savings Drive sustainable cost-efficiency Navigate uncertain supply Reach new categories quickly No matter your situation, your team will be asked to operate differently. How do you prepare? What tools and resources will you need to meet these new requirements? And how will your...