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Digital transformation’s effect on maverick 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...
When it comes to services spend, many organizations find it difficult to manage. CPO Innovation reports that “services spending can range from almost 50% to 80% of what firms buy from outside vendors.”
Expands capabilities around spend analytics, data enrichment, sourcing, and procurement, as well as underlying AI-powered XVA Platform; introduces new brand and solutions packaging MADISON HEIGHTS, MI, April 28, 2020 – Xeeva, the leader in indirect spend management solutions that optimize the entire procurement process, today announced that it has implemented significant enhancements across its solutions portfolio, enabling customers to address key challenges and experience rapid ROI throughout the full procurement process, beginning with the most comprehensive...