Exploring strategies for enabling purchasing compliance across procurement processes
Even for companies with strong procurement teams and the best of intentions, it is virtually impossible to stay 100% compliant with purchasing policies, budgets, and contracts across the entire organization. So many purchasing decisions are made on the fly and in real time, and even a small amount of spend slipping through the cracks in controls can have a large financial impact on an organization’s bottom line.
Fortunately, there are strategies, tools, and best practices organizations can follow to create a completely compliance-centric environment for any procurement structure or purchasing model.
Watch this webinar from Levvel Research and Xeeva about dynamic ways companies can transform their procurement and enable 360º purchasing compliance. This webinar examines how holistic compliance strategies can be applied to different procurement environments (e.g., decentralized vs. centralized procurement) to create the same controlled spend outcome. It also outlines how electronic procurement (eProcurement) software applies autonomous compliance controls to effectively do the work for organizations.
What you’ll learn
- Latest procurement management trends (from Levvel Research’s newly closed 2019 Procurement Survey)
- Different types of purchasing models and what compliance looks like across each
- Signs of a compliance-centric organization
- Strategies for controlling spend across your unique purchasing models
Levvel Research is Levvel’s market research practice, developing high quality market research content focused on business strategy, technology, and process improvement. Levvel Research’s team of industry analysts and research experts leverage in-depth research methodologies to explore trends in technology areas that are relevant to you. Levvel’s research reports, white papers, webinars, and tools are available free of charge in the resource library at Levvel.io. Levvel Research is a division of Levvel, an IT consulting firm specializing in technology strategy, design, architecture, and DevOps.