Author Archives: Spend Matters Team



Q4 SolutionMap℠: 32 Procurement Technology Solution Providers, Ranked

With Major League Baseball playoffs in full swing, we're reminded of the fitted ballcaps some of us used to wear when we were kids, just like the pros wore. Then at one point, companies introduced some fitted caps that were incongruously labeled “One Size Fits All.” That promise didn’t hold up. One size never really fits all (some of us have bigger noggins than others, for example), so ballcaps promoting themselves as such miss the mark. The same can be said for traditional analyst rankings of procurement technology solutions. Behold, Spend Matters Q4 SolutionMap℠ — where we leave the “one fits all” approach behind.

Determining the Avoidable and the Unavoidable in Supply Chain Risk

category management

Some supply chain risks are avoidable. For instance, it is feasible and highly advisable to avoid doing business with potential suppliers in certain countries (like North Korea) where doing so would bring all sorts of risk to fruition. But any supplier could suffer from an accidental factory fire. A hurricane or flooding could strike pretty much anywhere in the world, so this sort of risk is unavoidable. That does not mean, however, that we cannot take actions to manage that type of risk better.

Afternoon Coffee: Coupa Launches Coupa Open Buy with Amazon Business, Beeline Partners with Hired

Open Buy allows Coupa customers to shop beyond managed catalogs using an embedded Amazon Business marketplace within the Coupa solution. Beeline announced Tuesday that it had formed a partnership with Hired, a career matching for technology workers. Afternoon Coffee brings you the latest in procurement and supply chain news.

eBay Launches eBay Business Supply, a Rebrand of its B2B Offerings

BuyerQuest

eBay recently launched eBay Business Supply, a new rebrand that brings together its business and industrial category, SAP Ariba Spot Buy and eBay Wholesale Deals solutions to a single platform. eBay said that Business Supply “centralizes” the e-commerce company’s business-to-business offerings and gives companies of all sizes the opportunity to buy and sell supplies and equipment in several product categories.

ICYMI: What Brexit Means for Procurement

Brexit

Britain’s decision two weeks ago to leave the European Union has left procurement and supply chain professionals around the globe wondering how the move will impact their organization in both the short and long term. There still is a lot of “wait and see” taking place, but in the meantime, it’s clear that organizations need to understand the possible implications Brexit could have on them. In case you missed it, we’ve rounded up our recent coverage of Brexit and what it could mean for procurement and supply chains.

Tradeshift Raises $75M in Series D Funding Round

FusionOps funding

Tradeshift raised $75 million in a recent Series D funding round, bringing the P2P platform provider’s valuation up to nearly $600 million. Data Collective led the latest funding round, and other investors included HSBC, American Express Ventures, CreditEase Fintech Investment Fund, Notion Capital and Pavilion Capital. Tradeshift, which now has a user base of more than 800,000, has reportedly raised $205 million total this year and is on track to bring in $50 million in revenue.

Exploring E-Invoicing Benefits and Challenges with Expert Markus Hornburg

We’re pleased to announce a Spend Matters webinar in association with Coupa, on Thursday, June 9, at 7 a.m. CT (1p.m. in London). Peter Smith, managing editor of Spend Matters UK/Europe, will be talking about e-invoicing, and more importantly, asking Markus Hornburg, vice president of global product compliance at Coupa, some key questions. Markus is genuinely one of the world’s leading experts in this field.

50 Providers to Know and 50 Providers to Watch for 2016

Spend Matters 50/50 2016

After months of debate, we are excited to reveal our 50 Provider to Know and 50 Providers to Watch for 2016. The Spend Matters 50 Providers to Know highlights firms who continue to lead the charge on new procurement technologies and services driving innovation and changing they way we do business. The 50 Providers to Watch lists shines a light on exciting newcomers who are pushing the envelope.

Selecting and Working With an MRO Service Provider: A Conversation with Michael Croasdale (Part 2)

MRO as a service

When it comes to managing maintenance, repair and operations (MRO), involving an MRO service provider can be key. But how should procurement organizations go about selecting an MRO service provider, and how does the organization show value in working with a third party? Michael Croasdale, senior project manager at Source One Management Services, LLC, a procurement service provider based in Pennsylvania, shares his insights on these questions.

How Procurement Can Tackle MRO Effectively: A Conversation with Michael Croasdale (Part 1)

MRO as a service

Maintenance, repair and operations (MRO) is a critical part of the supply chain. Unfortunately, it is also an often overlooked business function. To gain a better understanding of MRO, we reached out to one expert in the area: Michael Croasdale, senior project manager at Source One Management Services, LLC, a procurement service provider based in Pennsylvania. Croasdale, 26, was recently recognized among the winners of the Institute of Supply Management and ThomasNet 30 Under 30 Rising Supply Chain Stars Recognition Program.

Spend Matters’ Take on the IHS-Markit Merger

IHS and Markit announced this week they had merged, creating a $13 billion research and analytics company. According to details on the merger, IHS will now own about 57% of the combined company called IHS Markit, which will be headquartered in London. IHS valued Markit at about $5.9 billion. We talked to members of our Spend Matters analyst team to get reactions on the merger. Lisa Reisman, CEO and co-founder of Spend Matters parent company Azul Partners and Executive Editor of MetalMiner, and Pierre Mitchell, chief research officer of Spend Matters, shared their take on the news.

Why Bitcoin’s Blockchain Technology Could Revolutionize Supply Chain Transparency

bitcoin

Certainly you’ve heard of bitcoin. But do you know about blockchain, the technology behind bitcoin? If not, you should. We believe it has the potential to be one of the top technologies in the supply chain. Few have written about blockchain to date with the same level of analysis as bitcoin, but those who have been are singing blockchain’s praises. “Pivotal” and “potent,” as it’s been called, the technology could meet the growing demand for transparency in the supply chain.