When it comes to indirect procurement, setting your organization up for success is a marathon, not a sprint. To reach the ultimate destination of spend under management and real-time visibility into where, what, and how your organization is spending money, consider creating a roadmap that’s broken out into smaller, more attainable steps. Doing so will help you ensure the right balance between addressing the tactical needs of your business and building the strategic foundation to...
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SOUTHFIELD, MI – Xeeva, a leader in AI-powered spend management and procurement solutions serving hundreds of locations and enterprises worldwide, is excited to announce real-time integration with Plex ERP. With this integration, Purchase Order (PO) data from Xeeva’s P2P application is instantly sent to Plex ERP to create POs, receive PO status updates, and communicate with business users as well as suppliers. Today, modules within P2P and enterprise-wide applications are faced with complex interfaces, and...
Procurement and purchasing activities and improved spend management have always been competitive factors for an enterprise. Managing key supplier relationships and costs contribute directly to bottom-line profits. Controlling indirect procurement spending can introduce various cost-saving opportunities and help organizations improve their operating costs. Three areas in which companies try to curtail their procurement and purchasing costs are reduction in spot buys, controlling the maverick spend, and managing tail spend. Each one can be optimized to...