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The supplier is a third-party vendor that provides goods, materials, and services to your organization. It seems obvious to choose the suppliers that are cost-efficient and easy to work with – however, with the growth of technology and global economies of scale, organizations are spoiled by having so many suppliers available in the market. It can be hard to choose the best supplier to fit your needs, and at the same time, one supplier may...
MADISON HEIGHTS, MI, December 4, 2018 – Xeeva, Inc., a global provider of award-winning AI-powered procurement software, announced today that it was featured on CIOReview’s 2018 list of the “20 Most Promising Procurement Solution Providers” for the second straight year. Annually, CIOReview selects the top 20 solution providers offering the best tools and services in the procurement landscape. The list is designed to help CIOs identify the right procurement solution for their organization. It is...
Ever wonder why many companies view indirect procurement as a non-strategic back office function? Maybe it’s that indirect practitioners often focus too narrowly on measuring cost savings from indirect spend sourcing initiatives and lose sight of how those initiatives impact core financial metrics such as total cost of ownership (TCO), operating profit, working capital, and cash flow, among others. Therefore, adopting a well-structured indirect spend management framework that establishes that connection can bring real value...