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The 5 biggest problems in automotive procurement (and how to solve them)
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Taking on the complexity of indirect spend is no easy task. Discover what the biggest challenges are, ways to confront them, and how to tackle the next phase of indirect spend. What you’ll learn: How to optimize indirect spend The benefits of cutting costs and discovering savings opportunities Why it drives value to apply new AI technology & modern thinking to indirect spend
How many clients with indirect spend do we run across that conduct strategic sourcing, develop pre-negotiated contracts, and implement savings plans that can’t get those savings flow to the bottom line? Answer: all of them. Related: Supply risk defined in supplier relationship management When it comes to locking in cost reductions from hard-fought sourcing engagements, companies don't just identify opportunities, but rather they implement savings. Here are 5 tactics to drive compliance and benefits to...
Madison Heights-based Xeeva Inc. is scaling up after a $40 million funding round, aiming to add 40 employees with a majority of the new hires planned for its headquarters.