No matter the industry, managing spending is always a fundamental focus for any executive team, and nothing impacts spend as much as variation in the purchase price of goods and services. Purchase price variance (PPV) is one of the key metrics – arguably the most important metric – used by procurement teams to measure the variation in the price of purchased goods and services. It is a prime measure of how effective the procurement team...
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Artificial Intelligence (AI) is sweeping the software ecosystem, generating tons of buzz from customers and software providers alike. Today every company strives to have an intelligent capability that claims to transform data or automate tasks. It’s hard to distinguish if your application actually has an AI/ML-driven engine or if it’s just a BI tool with automation of manual tasks? Often, vendors claim to use Artificial Intelligence (AI/ML tool), where they might simply be using Business...
We recently had the opportunity to chat with Charlotte de Brabandt, Institute for Supply Management’s (ISM) 30 Under 30 Rising Supply Chain Stars 2017 Megawatt Star and member of ISM’s Thought Leadership Council. During our discussion, we chatted about the impact of technology on the future of procurement, and how to prepare for these inevitable changes. Check out a snippet from our interview below, and you can also listen to the full 30-minute audio interview here! XEEVA:...