Supply Chain Visibility: Big Brother Shippers and Truckers Need a Prenup

trucking Yuri Bizgaimer/Adobe Stock

Over the last several weeks, I have watched five supply chain visibility product demos from very different and successful solution providers — each focused on track and trace capabilities designed to benefit freight shippers — who explained to me that knowing the exact location of a shipment has become an industry requirement. Yes, I raised my hand and asked “why,” because watching an icon move on a map, while cool, just didn’t strike me as essential. As I learned, Wal-Mart and Amazon, once again, are responsible for the shift.

How Innovative is Your VMS Provider? [Plus+]

disruption freshidea/Adobe Stock

What does it mean when a technology provider is innovative — or not? Academics generally define innovation as the application of better solutions that meet new requirements, unarticulated needs or existing market needs (Maranville, 1992). By this definition, is your vendor management system (VMS) provider innovative — or not? In this Spend Matters Plus brief:

  • We discuss why identifying and calibrating VMS innovation is especially important today.
  • We pose the obvious, practical question: How can you judge if a VMS solution is innovating?
  • We provide an up-to-date framework to help you make that assessment (based on specific innovation criteria specific to services procurement).
  • We suggest how to use this framework in the context of vendor evaluation and vendor management (performance/innovation management).

Business Intelligence to Transform Procurement