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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Why do I need my data transformed as the first step in my Digital Transformation Journey? 

Procurement is under unprecedented pressure today to manage pricing and supply, but do you really know what you are buying, where you are taking price increases, and on what items are lead times inflating? How good is your ERP spend data? Because garbage in, garbage out.   Most companies would agree that a large percentage of the spend data in their ERP systems are misclassified or unclassifiable, and analyzing bad data will get you bad...

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Blog

Xeeva and Insight Plum form strategic alliance

Southfield, MI – Xeeva, a leading provider of procurement software solutions is excited to announce a partnership with Insight Plum, a Procurement Technology Services Firm.   This collaboration will allow Xeeva to offer procurement strategy and managed services supported by a leading AI-driven, cloud-native procurement platform and software solutions to Fortune 500 and Global 2000 enterprises worldwide.   By combining Xeeva’s feature-packed intelligent solution suite with Insight Plum’s service focus, this partnership will allow customers to transform...

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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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