Author Archives: Guest Contributor

High Hazelnut Prices a Bonus For The US?

- May 4, 2015 2:26 PM | Categories: Commodities, Guest Post

Spend Matters welcomes this guest article by Jara Zicha of Mintec. In recent weeks, the Turkish media has released news about frosts in Turkey’s northern regions, which may have affected the development of this year’s hazelnut crop. Reports are varied on production volume – some camps say that the projected production of 650,000 tonnes would not be achieved this year, while others were convinced that the impact of the frost would be negligible. While it might be too early to say what the impact of the frost could be, we can say with great confidence that it has been noticed by those involved in hazelnut procurement.

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Mexico’s E-Accounting Legislation Drives Accounts Payable Efficiencies

Spend Matters welcomes this guest article by Steve Sprague, vice president of product strategy at Invoiceware International. As Mexico’s e-contabilidad (e-accounting) mandates go into effect this quarter, companies operating in this country need to take a hard look at their compliance platforms and financial processes. In addition to the previous e-invoicing mandate required by Mexico’s tax authority, the SAT, the government has added accounting reports to its list of required business processes. Companies now have to provide their chart of accounts, monthly trial balances and journal entries to support tax deductions.

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How Personal and Business Technology Use Intertwine: Introducing New Purchasing

- April 30, 2015 2:21 PM | Categories: Guest Post, Purchasing, Purchasing Process, Technology

Spend Matters welcomes this guest article by Vroozi. In our personal lives, we use our mobile devices to make purchases and requests for service; why should this stop when we walk (either physically or virtually) through the doors of our workplace? New purchasing means shopping for our business needs the same way that we shop for our personal wants. Think about how you spend your day. Think about how many seemingly mindless, menial tasks you do regularly that are now enhanced by technology. We understand that the majority of these capabilities weren’t even available 5 or 10 years ago. Technology has continuously revolutionized the way we live. It has reinvented the wheel. And technology continues to shape the world of procurement.

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Packaging Opportunities for Businesses: Managing the Unmanaged

- April 28, 2015 2:08 PM | Categories: Guest Post, Logistics, Supply Chain Management

Spend Matters welcomes this guest article by Dante Cadena of GEP. Though there are many ways to use packaging, the principal one is for commercial purposes. A product’s appeal and presentation are the principal compliance and are categories that marketing, procurement and even production are managing through packaging directly. But, what about supply chain packaging that is for transportation, storage, handling and protection purposes? This section of the category is usually unmanaged. This packaging is normally a decision that the good’s supplier makes.

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Quinoa Prices Fall (Finally) Due to Rise in Production

- April 27, 2015 2:23 PM | Categories: Commodities, Guest Post, Price Forecast

Spend Matters welcome this guest article by Loraine Hudson of Mintec. You may not have often heard of it, but this little known cereal has big ideals associated with it, having been reported as part of the solution to world hunger. Quinoa (pronounced keen-wa) is an ancient grain-type cereal that has been growing in popularity over the past few years in the US and Europe due to its health benefits. It has been dubbed a super-food as it contains more protein than brown rice, potatoes or barley, is gluten free and is packed with vitamins and minerals. It can be used in similar ways to other grains for bread, noodle and breakfast products.

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Why Optimizing Corporate Mobility Spend is More Critical than Ever

- April 23, 2015 2:08 PM | Categories: Guest Post, Savings Tracking, Spend Management

Spend Matters welcomes this guest article by James Martino, chief executive officer at Avotus Corporation. Would your business willingly pay 50 cents for a service that was offered at 10 cents? If you are using wireless services, you might be doing just that. In the constantly evolving world of mobility, the need for carrier-spend optimization continues to be of paramount importance within the enterprise. With major shifts in carrier rate plan offerings, migration trends away from unlimited data plans and more flexibility on pricing for voice and text, never before has there been such a need to organize, analyze and optimize your mobile spend. And you need robust tools to help you vigilantly manage against overspend.

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Spending Tips: How to Save on Adobe Creative Cloud

- April 22, 2015 2:04 PM | Categories: Guest Post, Savings Tracking, Technology

Spend Matters welcomes this guest article by Jeff Muscarella, partner, IT and Telecommunication, at NPI, a spend management consultancy, focused on eliminating overspending on IT, telecom and shipping. For some IT vendors, transitioning offerings to the cloud has been a rocky road. And, then there’s Adobe. Unlike many of its peers, Adobe Systems is a case study in how IT vendors can evolve quickly and successfully from an on-premise perpetual license software model to a cloud-only product strategy. In a few short years, the company has migrated its portfolio of digital media and marketing offerings to a cloud-based delivery model that features instant availability of upgrades and easier sharing.

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Recycled Glass Price Increases 40% in 3 years

- April 20, 2015 2:15 PM | Categories: Guest Post, Price Forecast

Spend Matters welcomes this guest article by Rajiv Joarder from Mintec. It’s clear that glass is one of the planet’s most useful inventions. Its use in buildings brings us light and healthy living environments, its use in vehicles brings us protection from the elements with the addition of safety and its use in packaging brings us easy transportation of some of our favorite food and drinks. It acts as an excellent barrier to moisture and has almost zero reactivity with food or chemicals. Glass food and beverage containers especially do not lose any purity or quality in the recycling process. The environmental advantages of using recycled glass are significant, but is the economic advantage being eroded?

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US Economy Prepares for Falling Unemployment and Rising Wage Growth

- April 16, 2015 2:17 PM | Categories: Analysis, Guest Post

Spend Matters welcomes this guest article from IHS. All eyes are on the Federal Reserve Bank (FED) for a possible interest rate hike in July or September. As a result, the various measures of unemployment published by the Bureau of Labor Statistics are being closely followed by markets as indicators of potential FED action. FED Chair Janet Yellen uses these measures of unemployment, among several other indicators, to assess the well being of the economy. While unemployment fell throughout 2014 and is expected to come down further in 2015, wage growth has been relatively flat. The question markets should be asking is what will happen to wage growth in 2015?

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Following New Fuel Surcharge Changes, FedEx Announces Record Earnings

- April 15, 2015 2:13 PM | Categories: Guest Post

Spend Matters welcomes this guest article by Jim Haller, program director of transportation services at NPI, a spend management consultancy, focused on eliminating overspending on IT, telecom and shipping. FedEx recently reported record earnings for the third quarter of its 2015 fiscal year. This should come as no surprise for FedEx shippers, who have been hit with historically high rates as well as new dimensional weight pricing. But, while those pricing changes and increases made big headlines in 2014, there are several more seemingly “minor” changes that have flown under the radar…and they are also contributing to FedEx’s bottom line.

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Effectively Managing Your Third-Party Risk

- April 14, 2015 2:23 PM | Categories: Guest Post, Supply Risk Management

Spend Matters welcomes this guest article by Ian Cotter from GEP. In today’s current business environment, companies are becoming more reliant on their network of vendors, contractors and partners than ever before. Complex business processes are intertwined between businesses and their supplier networks, and this has made it difficult for them to effectively monitor and assess their information security and third-party risk. The wave of recent data breaches at Fortune 500 companies such as JPMorgan Chase, Apple iCloud, Home Depot and Target raises serious concerns about the rigor of the private sector’s information security and third-party risk management practices.

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Pig Prices Fall 44% in a Year

- April 13, 2015 2:02 PM | Categories: Commodities, Guest Post, Price Forecast

Spend Matters welcomes this guest article by Thomas Reilly of Mintec. Last September we explored the problems in the US pig market. At that time, US pig meat prices had just dropped off some record highs due to an outbreak of porcine epidemic diarrhoea virus (PEDV). Since then the picture has changed somewhat. The record high prices in the US were seen in July 2014 thanks to PEDV, a disease that led to millions of piglets dying and reducing the number of hogs available for slaughter.

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