SOUTHFIELD, MI, January 6, 2022 – Xeeva, a leader in AI-powered spend management and procurement software serving hundreds of locations and enterprises worldwide, is excited to announce the launch of XpressBUY, an easy-to-use purchasing software connecting customers to Xeeva Marketplace Suppliers for quick and easy purchasing and bottom-line savings, eliminating the cumbersome RFx process. With an expedited 2-week implementation, users gain access to a pre-configured, ready-to-use solution delivered with Xeeva verified suppliers through Xeeva Marketplace,...
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Supplier relationship management is the discipline of strategically planning for, and managing, all interactions with third-party organizations that supply goods and/or services in order to maximize the value of those interactions. In practice, supplier relationship management entails developing closer, more collaborative relationships with key suppliers in order to uncover and realize the new value and reduce supply risk; but what exactly is “supply risk”? George Zsidisin, assistant professor of supply chain management at Michigan State...
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...