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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Release Highlight

Xeeva Sourcing Release Highlights 13.9 – July 2022

Sourcing release 13.9 includes additional enhancements to Intelligent Supplier Discovery to improve the supplier search and match search capabilities. Supplier Discovery Enhancements Retrieve suppliers from Supplier Universe which match NAICS code / and other criteria passed as a filter from the supplier discovery. Buyers can onboard these listed suppliers into Xeeva Marketplace (if those suppliers do not exist in MP) Improved search capabilities in Supplier Discovery Search by Supplier Email domain Search by Tax Registration...

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Procure-to-Pay

Spend Under Management Part 1 of 4

Ever wonder why many companies view indirect procurement as a non-strategic back office function? Maybe it’s that indirect practitioners often focus too narrowly on measuring cost savings from indirect spend sourcing initiatives and lose sight of how those initiatives impact core financial metrics such as total cost of ownership (TCO), operating profit, working capital, and cash flow, among others. Therefore, adopting a well-structured indirect spend management framework that establishes that connection can bring real value...

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News

Are your spend classification efforts relevant and truly moving the needle?

Last month, we examined the current constraints on procurement today and discovered that data spend quality is an issue that’s holding organizations back. Digging in further, we found that spend classification is a big factor affecting organizations’ abilities to get high-quality data. The reality is you don’t know what you’re actually spending in each category.

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