Senior management’s top priority remains the same – drive value for the business. And while indirect procurement manager’s feet are held to the fire to achieve cost reduction targets and improve productivity, many struggle because they are still using outdated tools and technology. Alternatively, for end users, their focus is simply to get their job done right, and as quickly and easily as possible. By applying new technology, insights, and thinking to the challenge of...
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It’s no secret that procurement and sourcing organizations suffer from issues with spend data quality. Getting to high-quality data requires improvements in various areas, including cleansing, classification, and enrichment, among others. Watch Xeeva and Spend Matters take a look at a handful of these issues, discuss the challenges of spend classification today, and uncover how to stop the bleeding of spend leakage in procurement within your organization during our co-hosted webinar. What you'll learn Why...
Strategic sourcing: A disciplined approach to supply market analysis that continuously improves and re-evaluates the purchasing activities of an organization. Strategic sourcing provides the best possible values in the marketplace to produce sustainable savings and reduce cycle times. Sourcing optimization starts from a diverse strategic perspective and usually takes the form of strategic decisions. It is important to identify untapped opportunities to improve vendor access and increase the value of each dollar spent. Drive benefits...