Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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Business Strategy

Transforming, innovating, and leading the future of automotive with AI-powered indirect procurement

This year’s OESA annual conference began with Julie Fream, OESA’s CEO and president, reviewing the event theme: “Transform. Innovate. Lead.” She warned that the automotive industry is transforming and if you don’t follow suit, you risk getting left behind. This message was further relayed throughout the day when Neil Boehm, VP of engineering at Gentex said, “you have to change with the times or you won’t exist,” when discussing the impact of new technology. The...

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Procure-to-Pay

Going through business uncertainty? 3 strategies to cut costs & discover savings in your indirect spend

In contrast to direct procurement, indirect spend includes everything that goes into running a business that isn’t directly tied to the end product, such as maintenance, repairs, and operations (MRO), marketing, facilities, consumables, fleet, freight, travel and IT. Although it can make up as much as 50% of a company’s total purchases, it doesn’t often get the attention it should. The problem with ignoring indirect spend, however, is that you could be missing out on...

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Award

Ardent Partners Selects Xeeva as an “Innovative Solution of the Year” Finalist at Its CPO Honors 2020 Awards

SOUTHFIELD, MI, November 18, 2020 – Xeeva, Inc., a global provider of indirect spend management solutions, today announced that it was selected as a finalist in the CPO Honors 2020 award for “Innovative Solution of the Year.” Coordinated by Ardent Partners, a supply management research and advisory firm, the CPO Honors awards were established in 2016 to celebrate the procurement industry and recognize excellence in the field. At the annual ceremony, Ardent Partners presents awards...

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