Let me just start by saying: what a year! From racial and social justice to the novel coronavirus, the global economy and organizations of all sizes and across all industries were disrupted in some way or another. People everywhere were forced to adjust to new personal and professional challenges. It’s been a transformative year, to say the least, and that’s been true for our team as well. They say hindsight is 20/20 but what we’ve...
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There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...
Sourcing release 13.9 includes additional enhancements to Intelligent Supplier Discovery to improve the supplier search and match search capabilities. Supplier Discovery Enhancements Retrieve suppliers from Supplier Universe which match NAICS code / and other criteria passed as a filter from the supplier discovery. Buyers can onboard these listed suppliers into Xeeva Marketplace (if those suppliers do not exist in MP) Improved search capabilities in Supplier Discovery Search by Supplier Email domain Search by Tax Registration...