Author Archives: Nick Heinzmann



Afternoon Coffee: Rumors of Amazon-Target Merger Swirl, Canada Looks to Cash in on Cobalt

An influential technology analyst made waves Wednesday with a bold declaration: “Amazon will acquire Target” in 2018. Finding a socially responsible source for cobalt has been easier said than done for automakers. But a handful of Canadian miners are trying to change that. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Steel Companies Boost Production on Trade Optimism, Walmart Doubles Down on Cambodian Sourcing

Steelmakers are investing in new US mills to compete for rising demand amid trade decisions they expect will stem the flow of cheap imports from other countries. Walmart will increase its reliance on orders of several products from Cambodia in 2018. Afternoon Coffee brings you the latest in procurement and supply chain news.

Procurement in 2017: The Year’s Most Popular Articles

2017

The past year has been a year of change for the procurement world. Old technology companies ceded ground to reigning titans. Market leaders adapted strategies and continued a wave of consolidation. And Spend Matters changed, too, debuting new reports and tools to help procurement leaders better understand the solution provider landscape. To get a better understanding of where we’ve been and how procurement could continue to change in 2018, check out our top 10 articles of the year

Afternoon Coffee: UK Retailers Confront Fake Fur Scandal, Getting a Branding Boost from Blockchain

Several major retailers in the UK are facing criticism for selling products that contained real animal fur that were advertised as synthetic. Blockchain may show potential as a technology that could disrupt supply chain management, but another potential benefit comes to marketing, too. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Didi Chuxing Raises $4 Billion in New Funding, MBO Partners and PeopleTicker Partner for Labor Rates and Benchmarking

Didi Chuxing, Uber’s Chinese rival, completed a funding round this week totaling $4 billion. MBO Partners announced Tuesday it has formed a partnership with PeopleTicker to provide third-party labor rate information to its enterprise clients. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: EU Declares Uber a Transportation Service, Grocery Giant Loblaw Admits to Price-Fixing Scheme

Uber is facing a major setback Wednesday after the European Union’s highest court declared the company will be classified as a transportation service and must comply with the bloc’s transportation rules. Canadian grocer Loblaw admitted this week it participated in a scheme with two suppliers to increase packaged bread prices for over 14 years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: How the Tax Bill Could Shrink the Trade Deficit, France Files Complaint Against Amazon

The Republican tax plan faces its final votes in Congress Tuesday, and should it pass the plan may have broader economic effects than simply reducing taxes on businesses. France’s economic minister has filed a complaint against Amazon alleging the company abuses its suppliers with one-sided contract clauses. Afternoon Coffee brings you the latest in procurement and supply chain news.

How AI Will Help Procurement Overcome the Historical Flaws of Spend Analytics

spend analytics

Spend analytics technology is not new to procurement. Yet a significant number of practitioners report feeling overwhelmed by the amount of data they have to handle, let alone knowing how to make sense of it all in a meaningful way. How can this be when the technology to solve such problems has existed for several decades? The answer lies in the historical flaws of the spend analytics market. Up until now, the dirty secret is that analytics technology has actually performed worse than humans at classifying spend data. But with advances in machine learning, particularly the power of deep learning, the gaps in analytics offerings are beginning to narrow.

Afternoon Coffee: Paying Employees in Bitcoin, Next Phase of Brexit Talks Begin

A Japanese company will start paying part of its employees’ salaries in bitcoin in February to get a better understanding of how the digital currency works. European Union leaders agreed Friday to proceed with the next round of Brexit talks, a positive sign after months of uncertainty. Afternoon Coffee brings you the latest in procurement and supply chain news.