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How AI is shaping the future of indirect procurement
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It’s no mystery why indirect spend is often ignored. By its sheer nature, optimization has proven to be incredibly challenging. Unlike direct materials which are often highly engineered, associated with a specific set of approved suppliers, and controlled precisely through ERP and MRP technologies, indirect spend is comprised of a highly fragmented group of suppliers that vary by business unit (BU) and plant. These suppliers represent 1000s of sub-categories of goods and services and are...
Xeeva, a provider of sourcing and procurement software, received another patent related to data management that uses artificial intelligence, the Michigan-based company said in a recent announcement.
Let me just start by saying: what a year! From racial and social justice to the novel coronavirus, the global economy and organizations of all sizes and across all industries were disrupted in some way or another. People everywhere were forced to adjust to new personal and professional challenges. It’s been a transformative year, to say the least, and that’s been true for our team as well. They say hindsight is 20/20 but what we’ve...