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 4 of 4

We're in the home stretch now... The spend under management (SUM) framework provides executives with a simple outcome-based model to drive the necessary changes in their organization to capitalize on the significant savings opportunities available to most organizations. The benefits of moving to best-in-class under the SUM framework include: Alignment of indirect spend objectives with core financial metrics  Defines and details actual spend at a granular level utilizing robust spend analytics Defines enterprise objectives by...

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Sourcing

Supplier Rationalization

There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...

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Announcements

3 reasons why we’re cool (and why Gartner agrees): Xeeva named a 2018 Gartner Cool Vendor

We’re not like a regular procurement software company, we’re a cool procurement software company. And according to their 2018 report of Cool Vendors in Procure-to-Pay Applications, Gartner thinks so too. That’s a pretty big deal, and we’re psyched that Gartner is telling the world that we’re just as cool as we already know we are! For those of you who aren’t familiar with Xeeva already, let’s break down three reasons why we believe Xeeva was...

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