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

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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Press Release

Xeeva Unveils Significant Enhancements Across Its Indirect Spend Management Solutions

Expands capabilities around spend analytics, data enrichment, sourcing, and procurement, as well as underlying AI-powered XVA Platform; introduces new brand and solutions packaging MADISON HEIGHTS, MI, April 28, 2020 – Xeeva, the leader in indirect spend management solutions that optimize the entire procurement process, today announced that it has implemented significant enhancements across its solutions portfolio, enabling customers to address key challenges and experience rapid ROI throughout the full procurement process, beginning with the most comprehensive...

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