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How AI is shaping the future of indirect procurement
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The procurement and sourcing software firm Xeeva has announced an investment of more than $40mn led by PeakEquity Partners that it says will promote AI as “the future of procurement”.
It’s no mystery why indirect spend is often ignored. By its sheer nature, optimization has proven to be incredibly challenging. Unlike direct materials which are often highly engineered, associated with a specific set of approved suppliers, and controlled precisely through ERP and MRP technologies, indirect spend is comprised of a highly fragmented group of suppliers that vary by business unit (BU) and plant. These suppliers represent 1000s of sub-categories of goods and services and are...
MADISON HEIGHTS, MI, November 16, 2017 – Xeeva, Inc., a global provider of intelligent procurement and sourcing software solutions, announced today they were included by The Silicon Review to be listed as one of the “50 Best Workplaces of the Year” for 2017. The Silicon Review is an online and print community for business and technology professionals that puts out an annual list of the best companies to work for. The award recognizes Xeeva for...