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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Blog

Digital Transformation: How Intelligence creates better opportunity plans leading to Better Data, Better Insights and Better Outcomes

Digital Transformation has been a phrase on the mind of every procurement professional since the pandemic hit. Organizations have been looking for digital solutions to help them optimize their internal processes and stay competitive with the market.   This weekend, our Executive team was at ProcureCon delivering a Keynote Presentation detailing how companies can leverage digital solutions to surface savings opportunities leading to Better Data, Better Insights, and Better Outcomes.  Watch the Full Presentation here: https://youtu.be/vldGOVi6JBc ...

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Business Strategy

How to prepare for a systems integration: governing the data exchange among cloud IT applications

With the advent of SaaS applications, companies have been able to take advantage of quick implementations and a short time to value. However, exchanging data among a new SaaS application with other SaaS and on-premise applications is sometimes an afterthought. This is especially common when a business unit decides to use a cloud software application to solve an urgent business problem without a representative from IT involved. Connecting IT systems properly for the exchange of...

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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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