Afternoon Coffee: U.S.-China Trade Talks May Resume in December, Sievo Launches Dynamic Benchmarking Solution

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With NAFTA renegotiated into the United States-Mexico-Canada Agreement (USMCA), trade watchers are now turning their attention to China. While tensions between the U.S. and that country are still high, White House economic adviser Lawrence Kudlow said Tuesday there may be opportunity for progress on the horizon.

As The Wall Street Journal reports, the December meeting of the G20 in Buenos Aires may also play host to renewed U.S.-China trade talks. While no formal plans have been made, U.S. officials reiterated their willingness to negotiate should China provide serious terms.

Sievo Launches Benchmarking

Sievo announced Wednesday the launch of its dynamic benchmarking solution, which allows procurement and finance organizations to compare their sourcing and spend management performance against industry peers in real time, according to a press release. Based on a data repository of more than 125 million transactions and $140 billion in spend, the new solution provides insights into category performance, peer benchmarks and critical financial metrics.

"Procurement has been striving to create real competitive advantage for years – but historically, CPOs have lacked the necessary insight to measure performance against industry norms," said Sammeli Sammalkorpi, co-founder and VP of customers at Sievo, the procurement analytics company. "Sievo's new Dynamic Benchmarking capability will revolutionize procurement performance by providing procurement leaders with insight into how they are performing, where they are falling behind and opportunities to lead the market."

SmartERP/Provade 

SmartERP Solutions has migrated its Provade Talent Procurement vendor management system (VMS) to the Oracle Cloud, according to a press release. The migration increases Provade’s usability, adds 100% mobile support and improves the solution’s integration with other Oracle offerings.

Private Payrolls

And finally, an economic update: Services sector growth pushed private sector hiring to its biggest increase in seven months in September, Reuters reports. Private payrolls rose by 230,000 jobs in September, after increasing 168,000 in August.

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