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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SPEND ANALYTICS 1. New: Automated Insights The system now automatically generates a range of targeted Insights identifying actionable savings opportunities. Each Insight includes an estimated potential Savings amount calculated from the spend data and are grouped into opportunity Types according to the next best action users can take to drive savings, and are supported by the underlying data that defines the Insight, typically at the individual items level. 1.1. Insight Confidence Level The Insights are...
Xeeva continues to improve and increase supplier engagement by enhancing the user experience when registering or updating the profile information within Xeeva Marketplace. With the upcoming release 13.4.2 of Xeeva Marketplace, suppliers will see two key enhancements: Simplified registration process - supplier registration will support an easy and intuitive single-step registration process. Suppliers will be able to successfully complete their registration by providing key basic information such as tax registration, DUNS, and address details. Additional details such...