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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Report

Ardent Partners’ CPO Rising 2019 Report: The State of the Chief Procurement Officer

A primary focus for many procurement organizations in 2019 is finding new sources of value. As most of the quick & easy wins have already been identified, innovative approaches will drive these new value sources. This section of the CPO Rising 2019 report focuses on the role of the Chief Procurement Officer. It dives into the level of engagement and alignment they have today, as well as the key drivers and challenges that have shaped,...

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Release Highlight

Xeeva Spend Analytics Release Highlights 13.3 – July 2021

Xeeva is always in a continuous journey of enhancements to improvise the performance of its solutions. Today we want to highlight the new features as well as the strategic enhancements to the existing features that help in bringing completeness to our solution of Spend Analytics.   First, let us highlight the enhancements over the existing features as below:  Enhancement  – Vendor Code of Supplier  This is an important enhancement that helps in uniquely identifying a supplier in the customer’s ERP (Enterprise Resource Planning). Xeeva can now accept the Customer’s ERP system vendor code and display insights on dashboards. This enhancement feature helps Xeeva customers...

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Sourcing

Supplier Rationalization

There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...

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