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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Sourcing

Strategic Sourcing by Managing Tail Spend, Maverick Spend, and Spot Buys

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...

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Release Highlight

Xeeva Spend Analytics Release Highlights 14.1 – June 2022

Spend Analytics version 14.1 features Intelligent Opportunities as part of Xeeva’s commitment to  Better Data, Better Insights, and Better outcomes.    Xeeva continues to utilize intelligence throughout the procurement process. With our upcoming release of Xeeva Spend Analytics, customers will see AI/ML computed sourcing opportunities.   When spend data is curated after each data refresh, our machine learning algorithms generate hundreds of category-based sourcing opportunities.   Each opportunity:  Displays an estimated savings amount  Is ranked and scored  This allows users...

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Spend Analytics

Preparing Your Data for Xeeva Spend Analytics

Whether your organization is large or small, utilizing Xeeva’s Spend Analytics platform is the first step in gaining control of your indirect spend. Accessing your indirect spend data to share with Xeeva can sometimes appear to be an overwhelming task. This blog aims to guide you through what you need to do to prepare to send your data and explain how our team can help. There can be several challenges in collecting this data –...

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