Most folks that don’t know e-procurement will think of it simply as purchasing necessary goods and services in the most cost-effective manner. However, what most don’t think about is the importance of the buying experience (much more than making it Amazon-like) and the specifics that go on behind the scenes. When using e-procurement for the P2P process, buyers (requesters) rely heavily on the accuracy of the catalogs to provide the most informed information. They also...
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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...
Procurement professionals today face numerous challenges in our perilous economic climate. Most companies are experiencing increased operating expenses due to inflationary pressures, supply chain disruption, supplier fraud, and loss of staff which all add pressure to your already overworked team. Xeeva is here to help! We exist to solve our customers' procurement problems by providing strategic resources to help with your Digital Transformation. Watch the Animated Video Here Digital Transformation is more than just cost...