Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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Spend Analytics

Purchase Price Variance (PPV) – It is Really Simple

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...

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Sourcing

Supply Risk Defined in Supplier Relationship Management

Supplier relationship management is the discipline of strategically planning for, and managing, all interactions with third-party organizations that supply goods and/or services in order to maximize the value of those interactions. In practice, supplier relationship management entails developing closer, more collaborative relationships with key suppliers in order to uncover and realize the new value and reduce supply risk; but what exactly is “supply risk”? George Zsidisin, assistant professor of supply chain management at Michigan State...

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Release Highlight

Xeeva Sourcing Release Highlights 13.7 – January 2022

Xeeva is committed to constantly improving our solution suite to bring a more effective, streamlined experience to our users. The latest update, Sourcing 13.7, was released in January 2022 and includes the new Intelligent Supplier Discovery feature.   These features strengthen our Sourcing solution further by providing a list of recommended suppliers to customers.   The buyer now has 4 options while adding suppliers to a sourcing event:   Ability to transfer Incumbent Suppliers from Spend Analytics   Sourcing...

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