Author Archives: Nick Heinzmann



Afternoon Coffee: Trump Says ‘No Rush’ to Reach NAFTA Deal, World’s Top Pork Supplier Rushes to Contain Swine Fever

The renegotiation of the North American Free Trade Agreement need not be rushed, President Trump said Thursday, emphasizing that a deal without major breakthroughs was not worth pursuing. WH Group, the world’s largest pork supplier, was ordered by the Chinese government Thursday to shut a major slaughterhouse to stop the spread of deadly African swine fever. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: China Sending Trade Envoy to Washington, SwanLeap Named Fastest-Growing Company for 2017

The U.S.-China trade war saw signs of reprieve Thursday as China announced it is sending an envoy to Washington for talks. SwanLeap, a company being called the “eBay of Freight,” took the top spot in Inc.com’s annual list of America’s fastest-growing companies. Afternoon Coffee brings you the latest in procurement and supply chain news.

Using Contract Management to Drive Cross-Functional Digital Transformation

contract

Contract management is a critical enabler to digital transformation. By digitizing a business’ contracts, procurement organizations can unlock numerous benefits, from spurring enterprise agility to reducing compliance risks to improving working capital metrics. But achieving such improvements won’t happen alone. Procurement will need to enlist its cross-functional partners in sales, legal and finance to expand a digital contract transformation from a confined functional capability to an enterprise-wide program.

Afternoon Coffee: Walmart Aims for ‘Zero Waste’ by 2025, Australia Confronts Worsening Drought

Walmart is working to reduce the amount of waste it sends to landfills, pledging to hit “zero waste” by 2025. Farmers in Australia are battling a crippling drought, with water reserves dangerously low in some areas of New South Wales and Queensland. Afternoon Coffee brings you the latest in procurement and supply chain news.

Mitigating Trade War Risks: Do Procurement Organizations Have the Data Needed to Respond?

trade

What’s the best tool procurement organizations have to mitigate risks in the U.S.-China trade war? In a word, data. The Trump administration’s Section 232 and 301 probes have led to billions of dollars’ worth of tariffs, igniting a U.S.-China trade war. And the tit-for-tat duties are only likely to escalate: The Office of the U.S. Trade Representative in July published a list of additional Chinese goods to tax — to the tune of $200 billion. With everything from vaccines to nuclear reactor parts to metals beyond steel and aluminum up for consideration, escalating trade tensions have introduced numerous unforeseen risks into procurement and supply chain organizations.

Afternoon Coffee: Proactis Acquires Esize Holdings BV, Amazon Targeted in Federal Procurement Spat

Proactis announced last week it would acquire Esize, a Netherlands-based provider of end-to-end procurement software, for €15.2 million. The bid to move all of the Defense Department’s data onto the cloud is causing a stir with big-name IT companies, which are saying the contract was tailor-made for Amazon. Afternoon Coffee brings you the latest in procurement and supply chain news.

5 Reasons Supply Base Rationalization Can Be the Enemy of Effective Procurement Spend Management

category management

Traditionally, procurement organizations have been advised to consolidate their supplier base (with the handful of suppliers with the greatest percentage of purchases), negotiate strong contractual discounts and encourage their employees to purchase from these preferred vendors at the prenegotiated pricing. On the surface, rationalizing an organization’s supply base can seem like an effective way to improve procurement performance. By rationalizing the number of suppliers that enterprises work with, procurement leaders can reduce costs, improve quality and save the time of procurement teams who are too often lost in the arduous process of managing indirect tail spend. However, due to the rise of more advanced B2B e-commerce platforms and highly volatile pricing fluctuations for products, the supplier consolidation strategy is quickly becoming outdated.

Afternoon Coffee: Suppliers Struggling to Meet Demand Amid Parts Shortage, Beeline Partners with CXC Global

U.S. manufacturing is booming, but suppliers are failing to keep up with demand due to shortages of parts and labor. Beeline announced last week it had formed a partnership with contingent workforce compliance solution specialists CXC Global. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trade War Maroons Soybean Shipment in Pacific for a Month, New York City Caps Uber Licenses

Bulk carrier Peak Pegasus has been circling China for a month unable to unload its $20 million shipment of soybeans due to the U.S.-China trade war. New York’s City Council passed legislation Wednesday that caps the number of for-hire vehicles for a year while the city studies the effects of the ridesharing industry. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: IBM-Maersk Blockchain Initiative Gains Steam, Japan Heatwave Strains Beverage Supply

The IBM-Maersk blockchain initiative dubbed TradeLens got a boost Thursday when the companies announced the venture now includes 94 key supply chain participants. Food and beverage companies are scrambling to maintain supplies of frozen desserts and cold drinks in Japan, which has suffered an unusually long heatwave this summer. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: White House Announces Another $16 Billion of China Tariffs, Voice-Activated Buying Remains Unpopular with Consumers

The U.S. will impose tariffs on another $16 billion of Chinese imports starting Thursday Aug. 23. Voice-activated assistants, like Amazon’s Alexa-powered devices, may be popular tools for music playing and information retrieval, but no company has yet cracked the code of getting consumers to consistently buy things with these devices. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Concur Adds Airbnb Listings to Online Booking Tool, Honda Suspends Production at Celaya Plant

Concur announced Monday that its users can now view Airbnb listings directly within Concur Travel alongside hotel listings. Flooding at Honda’s Celaya, Mexico, production plant has forced the Japanese manufacturer to suspend production there until November. Afternoon Coffee brings you the latest in procurement and supply chain news.