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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Webinar

On-Demand: The 5 biggest problems in automotive procurement (and how to solve them)

Do your procurement problems have you feeling like you’re stuck in the mud? (Pun intended.) Trying to navigate your indirect spend with numerous suppliers, thousands of component parts, and multiple locations and buyers is sometimes like being trapped in a traffic jam. The good news – innovative technology solutions can clear up those bottlenecks and make your procurement journey a whole lot smoother. Whether you're a CPO, sourcing manager, or corporate finance professional, watch the...

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Release Highlight

Release Highlight 11.0 – March 2019

1. New: Buyer Assistant Applies to Configurability Spot Buy workflow Buyer experience if Buyer Assistant is Licensed and Enabled N/A: Changes experience and UI if Buyer Assistant is enabled Buyer Assistant can be selectively enabled by Location The Buyer Assistant module provides an intelligent, learning-driven capability to automatically drive Spot Buy execution by generating supplier inclusion and award decision recommendations. A demonstration is recommended to understand Buyer Assistant capability and operation Buyer Assistant can operate...

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Business Strategy

How to deliver world class procure-to-pay performance

According to research from The Hackett Group, accounts payable best performers operate with 62% lower costs per invoice than their peers. This indicates a significant opportunity for companies not considered best performers to make significant improvements to their operations. "AP best performers operate with 62% lower costs per invoice than their peers." Key Metrics to Determine Procure-to-Pay Process Efficiency Price per financial transaction basis Transactions per full time equivalent (FTE) Purchasing’s span of control The...

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