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How will emerging technology change procurement?
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We recently attended the ProcureCon MRO virtual event that brought together senior-level maintenance, repair, and operations (MRO) procurement innovators representing some of the world’s largest manufacturing companies. Although the event was held behind computer screens, industry experts, practitioners, and solution providers gathered virtually to discuss the various ways organizations have been impacted, how to better manage risk, and how to proactively respond for the future. Read on to learn our most valuable takeaways. Now is...
Spend Analytics version 14.1 features Intelligent Opportunities as part of Xeeva’s commitment to Better Data, Better Insights, and Better outcomes. Xeeva continues to utilize intelligence throughout the procurement process. With our upcoming release of Xeeva Spend Analytics, customers will see AI/ML computed sourcing opportunities. When spend data is curated after each data refresh, our machine learning algorithms generate hundreds of category-based sourcing opportunities. Each opportunity: Displays an estimated savings amount Is ranked and scored This allows users...
Taking on the complexity of indirect spend is no easy task. Discover what the biggest challenges are, ways to confront them, and how to tackle the next phase of indirect spend. What you’ll learn: How to optimize indirect spend The benefits of cutting costs and discovering savings opportunities Why it drives value to apply new AI technology & modern thinking to indirect spend