Welcome to the very first episode of Xeeva Spotlight where we feature the people who power Xeeva. In today's Xeeva spotlight episode, we interview Uli Muench, Executive VP of Operations and Professional Services at Xeeva. We reminisce about his corporate journey from large-scale companies like SAP to a startup like Xeeva. In this featured interview, David A. Stone and Uli Muench discuss the benefits of working for a start-up like Xeeva, what differentiates Xeeva from...
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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...
In our last post. we discussed adopting spend under management (SUM) and the first of five principles. Here are the other four: 2) Purchase through a formalized requisition to purchase order approval process. The purchasing processes of an organization should be governed by policies and procedures that are complete and enforced universally. Simply having them in place is a starting point but the key issue is enforcement. Are all the spend areas incorporated? Does my...