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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We recently had the opportunity to chat with Charlotte de Brabandt, Institute for Supply Management’s (ISM) 30 Under 30 Rising Supply Chain Stars 2017 Megawatt Star and member of ISM’s Thought Leadership Council. During our discussion, we chatted about the impact of technology on the future of procurement, and how to prepare for these inevitable changes. Check out a snippet from our interview below, and you can also listen to the full 30-minute audio interview here! XEEVA:...

{MSL – Continuing from R14.1, Xeeva builds on Intelligent Opportunities by introducing}Spend Analytics version 14.2 features Intelligent Alerts 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 Intelligent Alerts.     When spend data is curated after each data refresh, our machine learning algorithms generate alerts and notifications along with intelligent opportunities. These...

SPEND ANALYTICS 1. New: Automated Insights The system now automatically generates a range of targeted Insights identifying actionable savings opportunities.  Each Insight includes an estimated potential Savings amount calculated from the spend data and are grouped into opportunity Types according to the next best action users can take to drive savings, and are supported by the underlying data that defines the Insight, typically at the individual items level. 1.1. Insight Confidence Level The Insights are...