Author Archives: Nick Heinzmann



Afternoon Coffee: Scout RFP Appoints New CRO and CTO, Kira Systems Receives $50 Million Series A

Scout RFP, a provider of e-sourcing software, announced Wednesday it added two new members to its executive team. Contract analytics software vendor Kira Systems announced Wednesday it had received a $50 million minority investment from Insight Venture Partners. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Spend Matters Releases Q3 2018 SolutionMap Updates, Powerful Typhoon Strikes Japan

Spend Matters today released the Q3 2018 updates for SolutionMap, our persona-based method for ranking and comparing procurement software companies. Featured among the updates is the debut of three new SolutionMaps for the contingent workforce and services procurement category. The most powerful typhoon to hit Japan in 25 years has killed seven people, injured more than 200 and heavily disrupted transportation — including the indefinite closure of Kansai International airport. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Restaurants Buying Local to Avoid Trucking Costs, China Battery Storage Capacity Surges

A trucker shortage has led to a surge in shipping costs for all businesses, but for the food industry, the way to savings is simple: buy local. China’s ambition to become a key player in the international battery supply chain is underlined by a striking statistic: The country added as much battery-storage capacity in 2018 as all previous years combined. Afternoon Coffee brings you the latest in procurement and supply chain news.

ConnXus’ Multitier Tracking Capability: Creating a Sustainable Picture of Supplier Spend

procurement software

Editor’s Note: This article is part of our series The Featured Feature, where we explore unique technology capabilities that differentiate procurement software companies. Read our introductory post to learn more.

Supply chain visibility is a major concern for today’s procurement organizations. In a 2017 Geodis survey of 623 companies, respondents named improving supply chain visibility as the third most important priority for their businesses, behind only full deliveries and product availability. Yet only 6% of those respondents said they had full visibility of their supply chains. Acknowledging this need for better visibility and information about their suppliers, businesses are increasingly turning their attention to the latest generation of supplier management solutions. ConnXus, a more recent entrant to this sector, is one such example, with a particular expertise in supplier diversity tracking and reporting.

Afternoon Coffee: Canada Rushes to Rejoin NAFTA Talks, Workers Stage Mass Walkout at Hyundai Heavy Industries

With Mexico and the U.S. now aligned on key issues related to automotive content, Canadian Foreign Minister Chrystia Freeland is cutting short a trip to Europe to join NAFTA talks Tuesday in Washington. A large-scale walkout at Hyundai Heavy Industries is disrupting production at the world’s largest shipbuilder. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. and Mexico Reach Preliminary NAFTA Deal, Toyota Invests $500 Million in Uber for Driverless Vehicle Development

The U.S. and Mexico have made a breakthrough in their renegotiation of the North American Free Trade Agreement (NAFTA). Toyota is partnering with Uber to jointly develop driverless vehicles, investing $500 million in the rideshare giant. Afternoon Coffee brings you the latest in procurement and supply chain news.

Why Mobile Matters to Procurement: Key Takeaways from Vroozi’s ‘High Performance Purchasing’ Event

Artificial intelligence (AI) and blockchain have dominated the headlines as top technologies transforming businesses, but the essential component to enabling truly digital operations is likely in your pocket. Yes, smartphones are useful for far more than taking selfies and scrolling social media while your coffee brews. As Vroozi, a provider of procure-to-pay (P2P) software, explained Wednesday at its High Performance Purchasing event in Chicago, procurement should look to mobile technology as an enabler of digital transformation.

Afternoon Coffee: No Breakthrough in U.S.-China Trade Talks, Hurricane Lane Disrupts Cargo Operations

A two-day summit between U.S. and Chinese negotiators produced no breakthrough in the ongoing trade war between the two countries. The hurricane bearing down on Hawaii has closed ports in the state, disrupting cargo operations for at least seven days. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Building a National Cannabis Supply Chain, U.S. and Mexico Signal Progress on NAFTA Negotiations

As states continue to legalize marijuana production and recreational use, a nascent network of distribution companies is sprouting to connect growers and processors, forming the foundation for a national marijuana supply. Mexico and the U.S. are now closer to resolving key issues related to the renegotiation of the North American Free Trade Agreement (NAFTA), and the former country is pushing to finalize a new deal quickly. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Slack Raises $427 Million in Series H Round, China Announces 25% Tariffs as Negotiators Meet

Workplace chat platform Slack confirmed Tuesday it had raised an eye-popping $427 million in a Series H funding round at a valuation of more than $7.1 billion. China announced the latest tit-for-tit trade measures Wednesday in its ongoing trade war with the U.S., slapping 25% tariffs on $16 billion worth of U.S. goods. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: SAP Pilots Blockchain Tracker for Supply Chain, Tesla Suppliers Worried About Getting Paid

SAP is working with more than two dozen companies to build an automated blockchain-based supply chain tracking system. A recent Wall Street Journal report detailed concerns about Tesla’s supplier relationships given the electric car manufacturer’s low cash levels. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Tyson Buys McDonald’s Chicken Nugget Supplier, Excel Still Holds Mindshare as ‘Supply Chain System’

Tyson Foods is shifting its sales strategy toward restaurants with its acquisition of Keystone Foods, which supplies chicken nuggets and fish fillets to McDonald’s. More than two-thirds of respondents in a recent survey by Adelante SCM said they consider Excel a top tool for supply chain management. Afternoon Coffee brings you the latest in procurement and supply chain news.