In 2019, a primary focus for many procurement organizations is finding new sources of value. This will be largely driven by innovative approaches, as most of the quick and easy wins have already been identified. This section of the CPO Rising 2019 report dives into recommended strategies and approaches for CPOs and procurement departments to improve their operations & get better results. What you’ll learn: Why it's important for procurement to lead the way when it comes...
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Xeeva is always in a continuous journey of enhancements to improvise the performance of its solutions. Today we want to highlight the new features as well as the strategic enhancements to the existing features that help in bringing completeness to our solution of Spend Analytics. First, let us highlight the enhancements over the existing features as below: Enhancement – Vendor Code of Supplier This is an important enhancement that helps in uniquely identifying a supplier in the customer’s ERP (Enterprise Resource Planning). Xeeva can now accept the Customer’s ERP system vendor code and display insights on dashboards. This enhancement feature helps Xeeva customers...
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...