Last month, we examined the current constraints on procurement today and discovered that data spend quality is an issue that’s holding organizations back. Digging in further, we found that spend classification is a big factor affecting organizations’ abilities to get high-quality data. The reality is you don’t know what you’re actually spending in each category.
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How many clients with indirect spend do we run across that conduct strategic sourcing, develop pre-negotiated contracts, and implement savings plans that can’t get those savings flow to the bottom line? Answer: all of them. Related: Supply risk defined in supplier relationship management When it comes to locking in cost reductions from hard-fought sourcing engagements, companies don't just identify opportunities, but rather they implement savings. Here are 5 tactics to drive compliance and benefits to...
SOUTHFIELD, MI, September 30, 2020 – Xeeva, Inc., a global provider of award-winning AI-powered procurement and sourcing software solutions, announced today that it was included on the “50 Fastest Growing Companies of the year” list for 2020 by The Silicon Review. The Silicon Review aims to provide its readers with innovative enterprise solutions developed by both established and upcoming enterprises. The annual listing of the 50 fastest growing companies is comprised of companies that are...