Quantexa Earns CIPS Recognition for Procurement Governance
Data analytics firm Quantexa has been awarded the Chartered Institute of Procurement & Supply (CIPS) Procurement Excellence Standard Award, a certification that recognizes mature governance, strategy, and measurable performance within an organization’s procurement function.
The CIPS standard is an internationally referenced benchmark in supply chain management. Companies that pursue it typically undergo an assessment of how their procurement teams manage supplier relationships, risk controls, cost discipline, and alignment with broader corporate strategy. Earning the award signals that Quantexa’s global procurement operations met the institute’s criteria across these areas.
For technology companies scaling internationally, procurement certification has grown in importance as enterprise and government clients increasingly scrutinize supply chain transparency and vendor governance. CIPS, a UK-based professional body, represents procurement and supply professionals worldwide, and its standards are often used by large buyers when evaluating potential suppliers.
While Quantexa operates in the data and analytics software space rather than in mining or metals, its award reflects the broader trend of resource-sector and industrial firms demanding higher procurement standards across their vendor ecosystems — a dynamic that touches equipment suppliers, service providers, and logistics partners serving mining companies globally.
In related market activity, Standard Uranium Ltd. (STND.V) traded at $0.08, unchanged from its previous close, with a market capitalization of approximately $12.8 million.
What to watch
- Further details from Quantexa on how the CIPS certification will shape its supplier and vendor management programs.
- Broader adoption of procurement excellence standards among technology and industrial suppliers to the mining sector.
- Upcoming quarterly results and drilling updates from Standard Uranium (STND.V), given its uranium-price exposure and early-stage project pipeline.
Source: original release
