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SOUTHFIELD, MI, January 7, 2021 – Xeeva, Inc., a global provider of award-winning AI-powered procurement solutions, announced today that it was awarded “Best Emerging Procurement AI Software Company” by Corporate Vision Magazine. This award is part of the magazine’s 2020 Corporate Excellence Awards, which showcases companies that provide the very best products and services to clients across a wide range of industries. Nominees are committed to innovation and business growth and are assessed against multiple criteria,...

There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...