Curious how artificial intelligence technology is changing the future of procurement?
Explore this down-to-earth infographic to learn what’s changing, why it’s important, and how your organization can benefit from AI for procurement.
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Southfield, MI – Xeeva is excited to announce a new strategic partnership with the Global Management Consulting Firm ThouCentric. ThouCentric is a niche management consulting firm solving complex business problems across industries and functions. They specialize in BPO optimization and assist companies in accelerating their path toward digitalization. ThouCentric believes in solving classic business problems by addressing 3 pillars - people, process, and technology in their solutions. They help clients make better business decisions, optimize...
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...
No matter the industry, managing spending is always a fundamental focus for any executive team, and nothing impacts spend as much as variation in the purchase price of goods and services. Purchase price variance (PPV) is one of the key metrics – arguably the most important metric – used by procurement teams to measure the variation in the price of purchased goods and services. It is a prime measure of how effective the procurement team...