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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This week on supplier showcase we had Quinn Phelps, Supplier Partnerships and Success Manager for Xeeva Marketplace, interview one of our preferred suppliers, Peter Koury from TA Industrial.    TA Industrial is a member of Xeeva’s Supplier Marketplace and has proven they can provide high-quality products on a consistent basis for Xeeva customers. They specialize in Production Finishers, Metal Fabricators, Abrasives, and more and can provide them at a low operational cost. They take an individualized...

So now that you know what spend under management (SUM) is, how would you go about adopting such a framework? SUM is built on creating a partnership between indirect procurement and operations along five key operating principles across sourcing, contracting, buying, and spend decision-making. At its foundation is executive leadership with joint operating targets established between indirect procurement and the operating groups they support. The actual SUM model measures the maturity of the organization across...