Daily Archives: February 15, 2012

Oracle Renewal on the Horizon? What You Should Know

Spend Matters welcomes another guest post from NPI, a spend management consultancy, focused on delivering savings in the areas of IT, telecom, transportation and energy. Oracle's hardware and software solution stack can be found in 100 percent of the Fortune 100, making it one of the most pervasive vendors in the enterprise IT ecosystem. Part of that success is due to Oracle's ability to monetize complex contract structures and lock customers into high maintenance/support fees. This begs the question: will you be one of those companies in 2012? If you're investing in a new Oracle solution, or upgrading or renewing […]

Spend Matters Afternoon Coffee

$$$$$$$$$$$ Fashion Week Is a Money-Maker, Not an Occupier -- Say what you will about Fashion Week, but it's good for New York City's economy. This year's events are on course to generate a record $865 million, according to Mayor Bloomberg. Approximately $532 million of that is "direct visitor spending on local hotels, restaurants, and stores," meaning the fashion industry's cash goes beyond, simply, the fashion industry. The industry itself employs 5.7 percent of the city's entire workforce, so look to your fashion friends for a round this Friday. Gamification? New Web-Based Travel Solution Provides Smarter Expense Management and Cost […]

Big Data and Procurement: Get Ready (Some Context First) — Part 2

Please click here for the first post in this series. We previously introduced the concept of big data, including citing a New York Times article as an excellent primer on the subject. Of course the biggest challenge (and opportunity, mind you) of big data across any field is finding the requisite talent and raw analytical horsepower to sort through it all. While these skill sets are obviously in big demand -- the NYT article cites the McKinsey Global Institute, which projects that "the United States [will] needs 140,000 to 190,000 more workers with 'deep analytical' expertise and 1.5 million more […]

Monitoring Rising Oil Markets: Transportation, Energy, Plastics, Chemicals and Beyond (Part 1)

For most consumers, the oil markets have the greatest impact at one proverbial place: the pump (at least as they perceive it). But rising prices and general volatility have far greater impacts that cascade across the supply chain, impacting transportation costs (and surcharges), plastics and chemicals, general energy cost and much more. Over on Spend Matters' sister site, MetalMiner, Stuart Burns recently took it upon himself to to examine what's on the oil horizon, starting with the fact that oil (at least oil as traded in Europe) is at a six month high (roughly $118 a barrel at the time […]

No Half-Steppin' Here — FullStep Tackles Manufacturing-Centric Procurement in Spain/Beyond (Part 3)

Please click here for Part 1 and Part 2 of this series. As we continue our analysis of FullStep, we'll turn our attention to some of the workflow and process elements of their sourcing, project and supplier management capabilities as well as the customer experience of those rolling and using the technology. Perhaps the thing that stands out the most when logging-on to the FullStep sourcing portal is the flexibility of defining how different team members can participate and collaborate in specific activities (using an easy-to-define workflow and administrative controls toolset -- no code-level customization or even programming expertise required). […]