Spend Matters Afternoon Coffee

Webinar today!
Pierce the Veil – How to Use Market Pricing for Services Spend Intelligence -- Historically speaking, even though procurement has been one of the least analytical and data-driven professions, it should be amongst the most. While many procurement departments may be well-versed in how to use commodity price indices for better insight into sourcing and suppliers, the market pricing of services spend has remained hidden behind a veil of complexity, confusion and isolation.

First the "Apple" store, now "IKEA"??
Chinese retailers hijack the Ikea experience -- 11 Furniture, as the store is known, copies Ikea's blue and yellow color scheme, mock-up rooms, miniature pencils, signage and even its rocking chair designs. Its cafeteria-style restaurant, complete with minimalist wooden tables, has a familiar look, although the menu features Chinese-style braised minced pork and eggs instead of Ikea's Swedish meatballs and salmon.

Confusion and spending/cutting chaos.
Pentagon Faces Possibility of Hundreds of Billions in Spending Cuts Over 10 Years -- The Pentagon began grappling on Monday with the possibility that it will have to cut hundreds of billions of dollars from the military budget over the next decade, but there were so few details in the debt ceiling deal reached by the White House and Congress that confusion over the actual size of the reductions was rampant.

Registering A Business Abroad: Did India Send A Message That The Process Needs To Be Simplified? -- There are some things to be taken for granted when you are an entrepreneur in America--like the easibility of registering a business. You have to know that getting a business incorporated in most countries can be a frustrating ordeal. Just recently, Indian entrepreneurs were almost dancing on tables when India's new licensing procedures were announced. Starting August 11, instead of waiting 29 days, Indian entrepreneurs now have a 24-hour business incorporation process.

Office Depot ditches boxes for bags.
Office Depot Picks Bags Over Boxes In Green Effort -- Office Depot has launched the Office Depot GreenerOffice Delivery Service, through which customers can receive their supplies in a paper bag instead of a cardboard box. Following successful pilot phase where more than 90 percent of eligible customers opted in to the GreenerOffice Delivery Service, the program is now being rolled out nationwide by Office Depot, the chain said. "Customer feedback on our new delivery service has been exceptional," said Juan Guerrero, supply chain senior VP for Office Depot. "Many customers were excited by the convenience the program offers -- no boxes to open, no air pillows to deal with and no cardboard to handle and dispose of after receipt. From a supply-chain operations standpoint, it also represents real innovation -- allowing us to deliver significant results in material and waste minimization."

- Sheena Moore

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