Author Archives: Nick Heinzmann



Afternoon Coffee: Apple Drops Qualcomm Components from Products, Likely Fed Successor Emerges

A legal fight between Apple and Qualcomm has led the maker of iPhones and iPads to design products next year that no longer include the chipmaker’s components. With Janet Yellen’s term ending early next year, President Trump is expected to nominate Jerome H. Powell as the next chairman of the Federal Reserve. Afternoon Coffee brings you the latest in procurement and supply chain news.

LevaData Brings Cognitive Sourcing Closer to Reality with Release of AI Advisor Leva

Next-generation sourcing upstart LevaData debuted at its customer event Thursday an artificial intelligence (AI) advisor for procurement, positioning itself as one of the first providers to offer live technology that enables cognitive sourcing. Called Leva, the new solution ingests both historical business data and external market intelligence to provide real-time recommendations to procurement users ranging from optimal times to resource a category to personalized supplier negotiation strategies.

Afternoon Coffee: France Battles Butter Shortage, Robots to Monitor Shelves at Wal-Mart

Declining European dairy production and rising global demand for dairy products has led to sporadic shortages of one of France’s most sacred foods: butter. Wal-Mart is rolling out shelf-scanning robots that can check stock and identify missing and misplaced items. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Prime Shipping Comes to Amazon Business, Driverless Truck Begins Deliveries at Exxon Mobil Plant

Amazon Business customers in the U.S. can now access unlimited, free two-day shipping on eligible items through a paid annual membership for multiple business users. Driverless cars on city streets may get all of the press, but autonomous vehicles are also creeping into everyday logistics. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: BMW Raided in Collusion Inquiry, Tesla to Build Factory in Shanghai

European Union investigators conducted a raid on BMW headquarters as part of an investigation into possible illegal collusion among German automakers. In a bid to gain traction in China’s growing electric vehicle market, Tesla is setting up a manufacturing facility in Shanghai. Afternoon Coffee brings you the latest in procurement and supply chain news.

Highlights from Across the Pond at Coupa Inspire 2017: A Fraud Detection Acquisition, Open Buy Launch and R19

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Coupa has acquired an AI fraud detection company and begun its official rollout of Open Buy with Amazon Business, our colleagues at Spend Matters UK/Europe reported from Coupa Inspire last week. The two announcements highlight Coupa’s recent push to integrate more advanced functionality into its spend management platform, from bringing sourcing optimization to a wider audience to enabling the elusive “guided buying” experience.

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.