Strategic sourcing: A disciplined approach to supply market analysis that continuously improves and re-evaluates the purchasing activities of an organization. Strategic sourcing provides the best possible values in the marketplace to produce sustainable savings and reduce cycle times. Sourcing optimization starts from a diverse strategic perspective and usually takes the form of strategic decisions. It is important to identify untapped opportunities to improve vendor access and increase the value of each dollar spent. Drive benefits...
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Procurement is under unprecedented pressure today to manage pricing and supply, but do you really know what you are buying, where you are taking price increases, and on what items are lead times inflating? How good is your ERP spend data? Because garbage in, garbage out. Most companies would agree that a large percentage of the spend data in their ERP systems are misclassified or unclassifiable, and analyzing bad data will get you bad...
MADISON HEIGHTS, MI, June 23, 2016 - Xeeva, Inc., a global provider of next generation, intelligent procurement and sourcing solutions today announced it was one of three suppliers to receive American Axle & Manufacturing's (AAM) prestigious Supplier Recognition Award at the 22nd Annual Supplier Day, held June 16th at AAM's Headquarters in Detroit, Michigan. AAM is a world leader in the manufacture, engineering, design, and validation of driveline and drivetrain systems and related components and...