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The indirect procurement journey to visibility & savings
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How many clients with indirect spend do we run across that conduct strategic sourcing, develop pre-negotiated contracts, and implement savings plans that can’t get those savings flow to the bottom line? Answer: all of them. Related: Supply risk defined in supplier relationship management When it comes to locking in cost reductions from hard-fought sourcing engagements, companies don't just identify opportunities, but rather they implement savings. Here are 5 tactics to drive compliance and benefits to...
The rise in digital transformation has led to a massive increase in data as the systems used at a company continue to grow. In fact, the 2019 Deloitte Global CPO Survey showed that 59% of CPOs believe analytics in procurement will have the most impact on their businesses over the next two years. As data grows exponentially, procurement leaders today are dealing with: Increasing data complexities Poor master data quality The inability to generate analytics...
See Xeeva Sourcing in action Join us for a live demo of Xeeva Sourcing. Learn how you can enable a streamlined and competitive sourcing process by identifying optimal suppliers and reducing time to contract. Our Xeeva product experts will walk you through our: Collaborative project management capabilities User-friendly RFX and auction management Intuitive supplier evaluation And more!