In contrast to direct procurement, indirect spend includes everything that goes into running a business that isn’t directly tied to the end product, such as maintenance, repairs, and operations (MRO), marketing, facilities, consumables, fleet, freight, travel and IT. Although it can make up as much as 50% of a company’s total purchases, it doesn’t often get the attention it should. The problem with ignoring indirect spend, however, is that you could be missing out on...
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Summary of Procure-to-Pay Release 13 (R13) Xeeva Procure-to-Pay (P2P) R13’s main focus is to make the system flexible and intuitive to operate with a contemporary design. With R13, we’re introducing a guided buying experience for requesters, which provides a smart and easy-to-use interface for users to create any type of procurement request. These actions can include catalog buying, spot buys, service requests, and guided non-catalog requests, as well as leveraging other buying channels like quick...
We recently held a webinar in which our Chief Strategy Officer, Steve Griffiths, and Institute for Supply Management's (ISM) Managing Director of Global Operations, Lane Burkitt, discussed the impact technology is having on maverick spend. One of the points they touched on during their discussion was why maverick spend can be such a problem for procurement organizations – and in what instances it’s not a problem. Want to know more? Watch this clip or read...