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Navigating procurement: Creating value in economic uncertainty
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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...
Launching his second startup has been a lot less stressful than the first, said Dilip Dubey, the founder and CEO of Madison Heights-based Xeeva Inc., which uses artificial intelligence to help customers streamline their supply chains.
It’s no mystery why indirect spend is often ignored. By its sheer nature, optimization has proven to be incredibly challenging. Unlike direct materials which are often highly engineered, associated with a specific set of approved suppliers, and controlled precisely through ERP and MRP technologies, indirect spend is comprised of a highly fragmented group of suppliers that vary by business unit (BU) and plant. These suppliers represent 1000s of sub-categories of goods and services and are...