During a recent webinar, our Chief Strategy Officer, Steve Griffiths, shared a simple 3-step process for identifying maverick spend. Read on or watch the short clip below to learn what this process is! If you want to learn more about maverick spend, you can watch the full webinar here! Related: Why is maverick spend a problem for procurement organizations (and when is it not)? In a traditional way, if you want to get your hands around...
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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...
SOUTHFIELD, MI, January 24, 2022 – Xeeva, the leading AI-driven Spend Management and Procurement software company serving hundreds of locations and enterprises worldwide, is pleased to announce the launch of Spend Analytics with Intelligent Opportunities and a fresh new look. With this new release, Xeeva customers will be able to evaluate and take action on application-generated savings and sourcing opportunities using an improved user interface. Digital Transformation is More Than Automation Cost savings are important...