When it comes to services spend, many organizations find it difficult to manage. CPO Innovation reports that “services spending can range from almost 50% to 80% of what firms buy from outside vendors.”
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The procurement and sourcing software firm Xeeva has announced an investment of more than $40mn led by PeakEquity Partners that it says will promote AI as “the future of procurement”.
We're in the home stretch now... The spend under management (SUM) framework provides executives with a simple outcome-based model to drive the necessary changes in their organization to capitalize on the significant savings opportunities available to most organizations. The benefits of moving to best-in-class under the SUM framework include: Alignment of indirect spend objectives with core financial metrics Defines and details actual spend at a granular level utilizing robust spend analytics Defines enterprise objectives by...