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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Big name tech companies like Snapchat, LinkedIn, Facebook, and Twitter all have satellite offices in Detroit, but did you know there are dozens of other tech startups that were founded and are headquartered in Michigan?

Madison Heights-based Xeeva, Inc., which uses artificial intelligence to help customers streamline their supply chain, announced it has got an investment of more than $40 million, which was led by PeakEquity Partners, a private-equity firm in Radnor, Pa.

Procurement 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 spend can introduce various cost-saving opportunities and help organizations improve their operating costs. Three areas in which companies try to curtail spend management are reduction in spot buys, controlling maverick spend, and managing tail spend. Each one can be optimized to yield better results for organizations, and having...