What is maverick spend and how to reduce it?

Maverick spend is the action of purchasing from suppliers outside pre-established procurement policy. Maverick spend can be defined as off-contract spend or buying from non-preferred suppliers.  Across all types of organizations, there is a wide range...

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Pasi Viljanen

Procurement, Solutions, Big Data

3 Procurement Insights Found When Analyzing Over $800 Billion of Spend

Two weeks ago Sievo launched the first benchmarking solution based on real procurement data. Peer Benchmarking provides Procurement executives on-demand access to peer benchmarking metrics to...

Sammeli Sammalkorpi

Big Data

Where the World of Procurement is Heading

Having more data generated in the last 2 years than in history of mankind is an opportunity to recognize how analytics is a source for competitive advantage. Talking about procurement analytics is...

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