The industry is flooded with numerous software solutions, and it is not easy to select the best tools to serve your business needs. Choosing the right solution is a critical decision and knowing your criteria before getting too deep in decision making is a huge benefit. Here’s a 5-Step Approach on how to choose a software package for your business. 1. Business Roadmap: Once the business owner decides the roadmap of the business, the market, and the target customers, how the business solution is going to impact...
Procurement and purchasing activities and improved spend management have always been competitive factors for an enterprise. Managing key supplier relationships and costs contribute directly to bottom-line profits. Controlling indirect procurement spending can introduce various cost-saving opportunities and help organizations improve their operating costs. Three areas in which companies try to curtail their procurement and purchasing costs are reduction in spot buys, controlling the maverick spend, and managing tail spend. Each one can be optimized to...
As a new Xeeva Spend Analytics customer is being onboarded, we often get asked “what happens to my spend data?” After the hard work of collecting all the details has been done and a complete data set has been handed over to the Xeeva team for processing, it’s common for you to wonder what exactly we’re doing with your data. You may hear that it could take several weeks to organize, cleanse, and categorize your...
In the first two chapters of our tale, we explained how to differentiate AI from the buzzword and explored how the state of AI is currently only at a basic level. But not all artificial intelligence is created alike. More advanced AI, the kind that can deliver real results for your organization, is more than just a fairy tale. Going beyond helpful Of course, any kind of AI is capable of helping you. Automation can...
We’re not like a regular procurement software company, we’re a cool procurement software company. And according to their 2018 report of Cool Vendors in Procure-to-Pay Applications, Gartner thinks so too. That’s a pretty big deal, and we’re psyched that Gartner is telling the world that we’re just as cool as we already know we are! For those of you who aren’t familiar with Xeeva already, let’s break down three reasons why we believe Xeeva was...
ISM 2018 in Nashville, TN was a whirlwind of an event! Thousands of supply chain management professionals spent last week at the Institute for Supply Management’s annual conference, encompassed with 4 days of educational sessions, 2 days of intriguing vendor exhibitions, having hundreds of inspiring conversations, and building countless relationships. From speakers like Arianna Huffington, founder of The Huffington Post, to Dan Bartel, chief procurement officer at ABB, the conference was full of highly informative...
Last week a mix of supply chain professionals were brought together in Boston to learn about digital trends affecting manufacturing and gain insights into why development, digitization, and innovation are important. The event was DMSCA’s annual conference with the theme of “Velocity – Gearing Up Suppliers for New Opportunities in Manufacturing” and we were happy to be a part of it. Our CEO, Dilip Dubey, joined the conference as a subject matter expert in artificial...
Decisions, goals, and opportunities are all part of any journey. The path you take to reach each of those is important. What matters more though is where you start. That’s what determines if you will make it or not. Every part of life has a foundation that without, it would come crumbling down. For people, it’s oxygen. For cell phones, it’s a charged battery. If either of those were taken away, how long would you...