BravoSolution announced this week the launch of the latest version of its procurement platform, BravoAdvantage 17. BPO firm Genpact announced recently it had acquired Rage Frameworks, a company offering knowledge-based automation technology and services providing artificial intelligence (AI) for enterprise clients. Afternoon Coffee brings you the latest in procurement and supply chain news.
Despite public opposition from both sides of the Atlantic, a temporarily tabled US-EU trade deal is still alive, a US diplomat said earlier this week. SAP Ariba unveiled plans at its LIVE conference Wednesday for an “enterprise digital procurement bot powered by artificial intelligence." Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Fed Confirms First of Several 2017 Rate Increases, Tungsten Brings Paperless Invoicing to India
The Federal Reserve is raising short-term interest rates and will continue to lift them this year as the economy improves. Tungsten announced Wednesday it now offers the capability to send and receive legally-compliant electronic invoices for services and excise across India. Afternoon Coffee brings you the latest in procurement and supply chain news.
Beeline and IQNavigator announced Wednesday that the two companies will operate under the Beeline brand starting in April. The Aerospace Industries Association (AIA) sent a letter to Congress Tuesday expressing strong support for measures it described as “comprehensive reforms of our tax code.” Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: New Study Identifies Top Sources of Supply Chain Complexity, Ford Touts CSR Achievements
A new study conducted by APICS and Michigan State University addresses the increased complexity of today’s supply chain flow, which supply chain leaders cite as the top challenge they face. For the eighth consecutive year, automaker Ford was named one of the World’s Most Ethical Companies by the Ethisphere Institute. Afternoon Coffee brings you the latest in procurement and supply chain news.
Payment solutions provider Optal announced Tuesday it would acquire Invapay, a payment provider that helps make credit card payments available to suppliers that typically are unable to accept such transactions. Shares of Pier 1 Imports jumped 8.1% in after-hours trading after it told investors that its cost cutting and supply chain efficiency projects had worked better than expected and improved its margins. Afternoon Coffee brings you the latest in procurement and supply chain news.
In 2012, AGCO stood at a crossroad. The agricultural equipment manufacturer faced stiff opposition from competitors, and knew that to extend its global reach, the company would need to transform the way it operated. The key to this transformation was a reimagined supply management function. The former AGCO purchasing organization ran a decentralized, regional and brand-oriented procurement model that had proven sufficient for those needs. But to become the operating company management envisioned, AGCO knew it needed to establish a single, global procurement organization, based on a global commodity management approach and setup, a strategic procurement philosophy and the technology platforms necessary for a streamlined supply chain.
Afternoon Coffee: Trump Adviser Says U.S. Will ‘Reclaim’ Global Supply Chain, Aerospace Suppliers Worry About Boeing
In a conference address to economists Monday, White House trade adviser Peter Navarro made a case for seeking more “reciprocal” trade with other countries to boost U.S. growth. But talk of border taxes and new trade deals is starting to worry companies a few tiers down the supply chain. Afternoon Coffee brings you the latest in procurement and supply chain news.
A few months into any new year, many people’s New Year’s resolutions start to unravel. Psychologists can offer numerous reasons why you have (yet again) failed to maintain that new diet, but when it comes down to it, there’s really one explanation: accountability. Whether you’re trying to cut carbs or make it to the gym, your chances of sticking to a new habit increase greatly if you don’t take on the challenge alone. In the business world, if you’re trying to get adoption of new approaches and tools, you may become dismayed when end users don’t adopt a new tool that you know will create value. In procurement, take the example of strategic sourcing. Many large organizations buy a new e-sourcing solution, but don’t get adoption. The reason? A shared tool doesn’t imply a shared commitment to continuous improvement.
Afternoon Coffee: France Passes Law Requiring Supply Chain Due Diligence, Companies Fall Short on Corruption Checks
France's National Assembly last week passed a law requiring France-based companies directly or indirectly employing 5,000 workers in the country, or 10,000 employees worldwide, to establish a "plan of vigilance" for identifying risks of human rights, health and security or environmental violations within their global supply chains. A recent survey revealed that only half of multinational businesses carried out basic corruption checks on third parties last year. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: US Manufacturing Expands at Fastest Pace Since August 2014, D&B Partners with Thomasnet.com
The Institute for Supply Management’s purchasing managers index rose to 57.7 from 56 a month earlier, the highest gauge of orders in just over three years. Dun & Bradstreet and Thomasnet.com are joining forces to offer Supplier Evaluation & Risk Reports, which provide procurement credit risk data and company capability information through Thomasnet.com. Afternoon Coffee brings you the latest in procurement and supply chain news.
The company that makes Wrangler jeans and Timberland boots is adopting new sourcing policies to eliminate products that contribute to deforestation and human rights violations. Automotive supplier Takata pleaded guilty to criminal wrongdoing after providing misleading testing reports to automakers about its airbags. Afternoon Coffee brings you the latest in procurement and supply chain news.