Author Archives: Spend Matters Team



Afternoon Coffee: What procurement practitioners are saying in latest ISM PMI report; Amazon testing hand-ID for Whole Foods

By now you’ve read the news that the Institute for Supply Management (ISM) reported the latest PMI reading for August of 49.1, a decrease of slightly more than 2% over last month’s reading, but most notably the first time in nearly three years that the reading indicated contraction (under 50). But aside from the cacophony of market analysts weighing in with their hot takes, let’s briefly focus on what some procurement and supply chain practitioners are telling ISM — and other procurement and supply chain news.

Icertis’ customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Icertis, a top provider of cloud-based, enterprise contract lifecycle management (CLM) software. The applicable SolutionMap category for this report is in CLM. 

SolutionMap Insider members can read about Icertis in our latest report. In each Customer Insights report, we provide a one-page summary of information gleaned from the SolutionMap peer review process. The summary includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.

Afternoon Coffee: China tariffs hit small business planning hard; Risk drives role of today’s CFO; Latest Procurement Analysts’ Reel

Economic confidence numbers among U.S. small businesses hit their lowest point in seven years, mainly due to President Trump’s China tariffs, according to the WSJ. A new study of "500+ finance executives reveals 96% of finance leaders are not able to allocate the right amount of time to manage critical risks,” according to Levvel Research, in partnership with the WSJ and Coupa. And Spend Matters' Michael Lamoureux talks business challenges facing procurement in a new podcast episode.

Afternoon Coffee: Hurricane Dorian approaches Florida; Best Buy preps for holiday season; Labor Day thoughts?

Hurricane Dorian is now expected to hit Florida, bypassing Puerto Rico, and the American Logistics Aid Network (ALAN) is actively getting ready to help. Best Buy has three new metro e-commerce centers up and running ahead of the 2019 holiday season. And Tesla is actively marketing (gasp!) — in China. As a postscript, we look back on our own Andrew Karpie's musings on Labor Day in a great piece from the Spend Matters archives. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: DuPont to stop PFAS purchasing; Avetta wins Gold Stevie award; Japan moving fast on grocery supply chain challenges

Reuters reports that DuPont will stop purchasing or using firefighting foams made with a controversial class of chemicals called polyfluoroalkyl substances (PFAS) by the end of 2021. Supply chain risk management provider Avetta has won the Gold Stevie award in the 'Supply Chain Management' category, a prize given out by the International Business Awards. And the U.S. has sanctioned five Iranian companies for supplying equipment for the regime’s weapons of mass destruction programs. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Polypropylene exports face delays; Ports close ahead of Tropical Storm Dorian; Costco’s first China store opening creates headaches

It's hard to imagine Costco Wholesale Corp. had not thought of one problem it would face when it opened its first store in China. Also, exporters of polypropylene (PP) are experiencing logistics delays because bagging facilities along the U.S. Gulf Coast are operating almost to full capacity. And the U.S. Commerce Department has received more than 130 applications from companies for licenses to sell U.S. goods to China's Huawei. Afternoon Coffee: your source for procurement and supply chain news.

Sievo’s customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Sievo, a top provider that analyzes business spend data. The applicable SolutionMap category for this report is in Spend and Procurement Analytics. SolutionMap Insider members can click the link in this article to read about Sievo in our latest report. In each Customer Insights report, we provide a one-page summary of data from the SolutionMap peer review process. It includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.

Afternoon Coffee: Johnson & Johnson to pay for its role in opioid epidemic; Tradeshift partners with 71lbs to cut shipping costs

An Oklahoma judge ordered Johnson & Johnson to pay $572.1 million to the state for its part in fueling an opioid epidemic by deceptively marketing addictive painkillers. Tradeshift today announced that a partnership with shipping-tech company 71lbs will focus on reducing shipping costs for Tradeshift’s network participants. And in honor of Spend Matters Chief Research Officer Pierre Mitchell moving his son into college today, we’d be remiss if we didn’t mention a feature on the “new logistics of college move-in.” Afternoon Coffee: your source for procurement and supply chain news.

Tesla to hike prices in China; Navy chooses Amazon Web Services; U.S. tariff on German cars?

President Trump said on Monday at the G7 Summit that he hoped Washington would not have to consider imposing tariffs on German cars. U.S. electric vehicle maker Tesla Inc. will raise prices in China on Aug. 30. And the U.S. Navy has moved all its data and analytics functions onto the cloud, using Amazon Web Services, as the first step in its $100 million plan. Afternoon Coffee: your Monday jolt of procurement and supply chain news.

Afternoon Coffee: China hits U.S. with new tariffs; Boeing to resume producing 737s; Uber Freight forecasts triple-digit growth

Soybeans, oil and cars are the latest product victims as part of China’s $75 billion in retaliatory tariffs on U.S. goods, to take effect Sept. 1 and Dec. 15, respectively. Boeing Co. notified suppliers it would re-start production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020. And the chief of Uber’s trucking arm, Uber Freight, has predicted that sustaining triple-digit revenue growth was completely possible. Afternoon Coffee: sustaining your stream of procurement and supply chain news.

Afternoon Coffee: Vietnam aiming to replace China for U.S. manufacturing; Del Monte to axe plants, workers in Midwest

From all indications it may take years for Vietnam to replace China as a manufacturing hub for U.S. companies, even though some have started expressing such hope. Del Monte Pacific Limited has said it will shut down three production sites in Minnesota and Illinois. And amidst the tariff war between the U.S. and China, with the latter shunning the U.S. market for a second growing season, North Dakota farmers are reeling from the loss. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Amazon opens its largest building in the world; Open source supply chain attacks worsen

Amazon continues to make moves in competing against Walmart, recently opening a huge corporate campus in India. Over the last year, there's been a spate of online attacks against supply chains running on open-source software, and it shows no signs of stopping. And Target Corp. raised its annual profit forecast after reporting better-than-expected quarterly results. Afternoon Coffee: your source for procurement and supply chain news.