Author Archives: Nick Heinzmann



Afternoon Coffee: Fed’s Beige Book Positive Despite Hurricanes, Per Angusta Raises €1 Million in Seed Round

The U.S. Federal Reserve’s lastest edition of its Beige Book indicated modest to moderate economic growth across its 12 districts from September to October. Sourcing startup Per Angusta announced Thursday it had €1 million in an initial investment round led by investment funds Kreaxi and Pléiade Venture. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: New IBM Blockchain Solution to Accelerate Global Payments, Rio Tinto Charged with Fraud

IBM announced Wednesday a new blockchain solution that will help financial institutions reduce settlement costs and speed up the process of completing global payments. Mining giant Rio Tinto and two of its former executives have been charged with fraud by the Securities and Exchange Commission (SEC). Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: SolutionMap Releases and Updates for Q4 2017, Coupa Acquires Fraud Detection Company Deep Relevance

Spend Matters released Tuesday its Q4 2017 edition of SolutionMaps, including updates for P2P and its subareas as well as the first of its strategic procurement technologies series with sourcing.Spend management provider Coupa announced Tuesday it had acquired Deep Relevance, an analytics platform that specializes in fraud detection. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Steel Challenging Aluminum’s Rise at Auto Makers, Yellen Sees Economy in Good Health

Challenging the rise of the all-aluminum body in cars, forms of lighter, stronger steel are becoming increasingly popular with auto makers. The U.S. economy is in good health and its continued strength should warrant additional interest rate increases. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: How a NAFTA Repeal Would Affect Auto Jobs, Coupa Partners with Software AG on ERP Integration

As the fate of the North American Free Trade Agreement (NAFTA) hangs in the balance, the U.S. auto parts industry stands to lose up to 50,000 jobs should the trade pact be repealed. Spend management provider Coupa announced Friday it is partnering with Software AG to speed up and simplify Coupa’s integration with leading ERP systems. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Kobe Steel Scandal Triggers Safety Probes, Wildfires Ravage California Wine Country

Kobe Steel admitted Sunday that it doctored quality information on paperwork submitted to its customers, forcing them to check the safety of products ranging from cars to planes. The grape harvest in the Napa and Sonoma valleys are threatened by fatal wildfires that have spread across eight Northern California counties. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Tradeshift Joins Hyperledger Board, Financial Crises Now a Fixture of Modern Life

Tradeshift has joined Hyperledger, an open source collaborative effort hosted by the Linux Foundation to advance cross-industry blockchain technologies, as part of its governing board. Financial crises are now a fixture of modern life rather than a black swan event, according to Deutsche Bank. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hurricane Nate Stalls Produce Shipments in Gulf, Trade Tensions Flare for Berry Growers

While Hurricane Nate made landfall over the weekend, the effects of the storm are still challenging logistics providers. Increasing American demand for fresh berries has led to an explosion of berry growing in the farmland northeast of Mexico City, but not without chaffing from American growers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hurricane Nate Shutters Crude Production, Tesla Production Well Behind Schedule

Hurricane Nate slashed oil production this weekend, with 92% of crude output offline as of Sunday morning. Tesla’s supply chain woes continued as the company said it made only 260 Model 3s during the third quarter, an average of three cars per day. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: US Seeks Content Demands in NAFTA Negotiations, Air France KLM Looks to Blockchain for MRO

U.S. Trade Representative Robert Lighthizer plans to propose a new rule into NAFTA negotiations that would require cars contain a specific level of U.S.-made content to qualify for tariff breaks. Air France KLM is evaluating the potential of blockchain for managing its MRO processes for in-service planes. Afternoon Coffee brings you the latest in procurement and supply chain news.

Big Ideas 2017: Highlights from Procurious’ Chicago Summit

The world is changing rapidly, and procurement has a lot to take charge of if it wants to lead businesses through the coming disruption. That was the big takeaway from the 2017 Big Ideas Summit, presented last week by Procurious in Chicago. In a daylong series of presentations spanning geopolitical instability to emerging technology and leadership challenges in this uncertain era, procurement influencers from around the world gathered to set the agenda for procurement transformation. Missed the event? Check out some of the notable quotes and images from the summit within.