Spend Matters 50/50: Sievo – A Provider to Watch

- April 24, 2014 10:19 AM | Categories: Analytics, Cost Management, Solution Providers

There’s only a handful of technology providers that come along each year that can change the measurement, financial, and process orientation of something as large as a procurement function. But Sievo, whom we included in the Spend Matters 50/50 "watch" list, is one of the few. While the company is still small and has very little presence in North America, it is one of the most important providers in bringing finance and procurement together.

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CSR Initiatives in Procurement: Factoring Sustainability into Sourcing Awards and Total Cost Models

- April 24, 2014 6:02 AM | Categories: Learning / Research, Sourcing, Sustainability

Regarding the incorporation of CSR and sustainability data in sourcing award decisions, it would appear that there is not yet a center-led approach inside the majority of companies in terms of establishing standards. When asked the “weight of sustainability criteria” in supplier/product evaluations, 62 percent of participants reported that CSR needs to be taken into account but each buyer defines the weight they assign. Another 29 percent of companies have some type of center-led initiative that specifies a minimum weight for CSR criteria in the rating/roll-up of price and non-price factors for awards. This data is fascinating on multiple levels, especially since the survey respondents were European centric.

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Business Intelligence to Transform Procurement