Author Archives: Nick Heinzmann



Afternoon Coffee: Trade War Talk Turns to Reality, UK Retailers Warn of Consequences Without Brexit Deal

The U.S. and China finally ignited a trade war Friday, when both countries slapped levies on $34 billion of each other’s exports. Failure to reach a Brexit deal with the E.U. could lead to “food rotting at ports” and “devastation” for small retailers, U.K. lobby group British Retail Consortium said Thursday. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. Grants ZTE Temporary Reprieve, European Grocers Form Group Purchasing Alliance

ZTE moved one step closer Wednesday to overcoming a ban on working with U.S. suppliers when the Commerce Department granted a temporary authorization for the smartphone maker to conduct business needed to maintain existing networks and equipment. Carrefour and Tesco, two of Europe’s largest supermarkets, are forming a group purchasing alliance that should last three years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spend Matters Fireworks: Top Posts From the First Half of 2018

Each year brings new procurement trends and surprises, and 2018 has been no exception. As we celebrate the halfway point of the year this Fourth of July, we’re taking a look back at the 10 most popular articles on Spend Matters during the last six months — call them our “firework” posts of the year. Below, we count down to the No. 1 most-read article of the year, leaving the best for last, just like the finale of the typical July 4th fireworks show.

Afternoon Coffee: Tariff Inflation Hits Metal Buyers Hard, Trucker Shortage Tempts Government to Lower Commercial Driving Age

The Trump administration’s Section 232 tariffs are pinching purchasing in multiple categories, but metal buyers in particular are feeling the pain. A dearth of truckers is causing shipping costs to skyrocket, and the White House is responding by piloting a program that allows 18- to 20-year-old commercial drivers to cross state lines. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Thyssenkrupp and Tata Steel Enter Joint Venture, Tesla Hits Model 3 Target

Thyssenkrupp and Tata Steel established Saturday a joint venture that will create Europe’s second-largest steelmaker. After numerous delays, electric vehicle maker Tesla recently reached a critical milestone when the company produced more than 5,000 of its Model 3 sedans in the last week of the second quarter. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Amazon Looks to Small Businesses for Last-Mile Fixes, Kroger Requires Suppliers to Commit to 90-Day Payment Terms

Amazon unveiled a program Wednesday that it hopes can alleviate its last-mile delivery woes without the help of FedEx or UPS. Grocer Kroger has introduced a new supplier policy requiring businesses to commit to 90-day payment terms. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Veraction Merges with Trax Technologies, Amazon Business Expands to Italy and Spain

Transportation spend management provider Veraction announced Monday it would merge with Trax Technologies, a global freight audit and payments provider. Following its entry into the U.K. last year, Amazon Business announced Wednesday it has expanded its offering to Italy and Spain. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Uber’s London Ban Overturned, Walmart Leads Effort to Track Full Food Supply Chain

Uber will once again be permitted to operate in London, after the city’s transport regulator overturned its September decision not to renew Uber’s operating license. Ten of the world’s largest companies operating in the food supply chain, including industry leaders Walmart and Nestle, are building a blockchain to track food movement from farm to fork. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trump Seeks Crackdown on Chinese Technology Investment, ZTE Urinal Left in Disrepair Without U.S.-Sourced Parts

The Trump administration is expected to announce this week restrictions on Chinese investments in "industrially significant technology.” A broken urinal at ZTE’s Shenzhen, China, office cannot be repaired because the spare parts needed are under a U.S. export ban. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: E.U. Starts Retaliatory Tariffs, UPS and Teamsters Reach Preemptive Deal

New tariffs from the European Union have gone into effect that tax U.S. imports from Harley-Davidson bikes to cranberries. After months of negotiations, UPS and the Teamsters Union cut a deal Thursday to permit Saturday and Sunday deliveries in exchange for several concessions. Afternoon Coffee brings you the latest in procurement and supply chain news.

Sievo’s Data Management Services: ‘The Only Right Approach’ to a Standout Spend Analytics Capability  

big data

As procurement organizations have become increasingly global and digital, the amount of data they create has exploded. This has made finding and managing spend data all the more complicated, to say nothing of analyzing and making decisions based on that data. To keep up, procurement groups are increasingly investing in spend analytics tools, and the software market has responded in kind. New spend analytics vendors emerge each year, while suite providers continue to acquire leading providers, hoping to integrate standout capabilities into their offerings.

Between these upstarts and end-to-end offerings sits Sievo, one of the oldest independent providers in the market today. The Helsinki, Finland-based spend analytics provider has succeeded in its chosen solution area by continuously improving its product, using feedback from its customers to adapt its technology to changing procurement requirements.

The 3 Contract Management Concepts that Will Enable Digital Transformation

As we explored in the first part of this series, a successful digital transformation is defined by certain characteristics. These characteristics touch the core processes of the business, which means that driving a digital transformation requires changing the core systems of commerce as well. And there’s no better way to start reforming core business processes than taking a digital approach to managing your contracts. With the strategy clear, the next step to enabling digital transformation is to understand the key aspects of a digital contract lifecycle management (CLM)system. Knowing these three key concepts will get you up to speed, and putting them to work will create the business and technical foundations you need for a successful digital transformation.