Procurement 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 spend can introduce various cost-saving opportunities and help organizations improve their operating costs. Three areas in which companies try to curtail spend management are reduction in spot buys, controlling maverick spend, and managing tail spend. Each one can be optimized to yield better results for organizations, and having...
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Spend Matters SolutionMap, an extensive independent benchmark of procurement technology providers has been published multiple times for the last several years. Procurement professionals have been using these SolutionMaps to track market development and disruptors, assess provider capabilities based on their needs, and identify their best-fit provider shortlist. So how did Xeeva fare on the 2020 spring release? On the latest Spend Matters SolutionMap release, Xeeva was ranked as a solution leader in both the Spend...
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...