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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Procure-to-Pay

Spend Under Management Part 3 of 4

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...

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Press Release

Xeeva Acquires Ann Arbor, Michigan Based Kontextual, Inc.

MADISON HEIGHTS, MI, December 11, 2014 – Xeeva, Inc., a global provider of next generation, intelligent procurement solutions, today announced that it has acquired Kontextual, Inc., an innovator in social business software. Kontextual was created to help companies build transparent, metric-driven cultures through its platform that combines personalized dashboards, collaboration spaces, and 24/7 virtual status meetings to make it easy to share information across the enterprise. Together with Xeeva’s source to pay technology, the Kontextual...

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Sourcing

Strategic Sourcing and Supplier Engagement

Strategic sourcing:  A disciplined approach to supply market analysis that continuously improves and re-evaluates the purchasing activities of an organization. Strategic sourcing provides the best possible values in the marketplace to produce sustainable savings and reduce cycle times. Sourcing optimization starts from a diverse strategic perspective and usually takes the form of strategic decisions. It is important to identify untapped opportunities to improve vendor access and increase the value of each dollar spent. Drive benefits...

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