Coupa made some waves earlier this week with its first cloud platform update of the year — the “sector-news pinnacle” of a very P2P-centric week here at Spend Matters. Xavier Olivera and Spend Matters Founder Jason Busch also co-presented “2017: The Most Disruptive Year in P2P Ever?” last Wednesday in a live webinar, which is now available on demand.
The Best Of Spend Matters Category
Wherever there is a supply chain, there is risk. Whether that risk is a result of natural disasters or a sub-supplier’s labor violations, uncertainty and surprise are a central element. We started out the year with big headlines in the world of supply chain risk. In January, a fire at an Aichi Corp. steel plant in Japan led Toyota to halt production for a week, which was likely to hurt the company’s sales by more than 80,000 vehicles.
When discussing procurement processes and strategy, it’s hard not to mention procure-to-pay (P2P) or the enabling technologies that go along with it. E-procurement, one of the original technology segments to center on automating and improving procurement, has led to numerous internal improvements for procurement groups; e-invoicing automation has led to substantial cost and efficiency gains for both companies and public sector organizations.
And while both these technologies that form the core of P2P have been around for a while, they’re both far from done innovating. To see why, check out our top five posts on P2P from 2016.
You guys really like reading about Amazon. So much so, that when the editors of Spend Matters were discussing how to approach our end-of-the-year Best Ofs, we said, “The heck with it, let’s just give Amazon its own category.”
But on a more serious note, this year saw some pretty big headlines related to the company, whose supply chain Pierre Mitchell (Chief Research Officer at Spend Matters) called possibly the most advanced in the world. So let’s take a look at our top posts on Amazon from 2016.
Looking back on the last year, one theme is abundantly clear: The talent and staffing supply chain is becoming increasingly digital. Whether freelancers, traditional staffing agencies or elite professional services firms, leaders in the contingent workforce ecosystem dove headfirst into the online world.
That leaves procurement with an ultimatum: Adapt to the digital evolution or get left behind.
But the rise of digital is nothing to fear. Our resident expert Andrew Karpie, who heads up services and labor procurement research here at Spend Matters, has been on top of this trend all year. Take a moment to reflect on some of his top posts from 2016.
It’s been a year of mashups.
In the first quarter of this year, we held the Global Procurement Technology Summit (GPTS) in Baltimore, Md., during which CPOs, ex-CPOs, academics, government officials, NGOs, analysts and providers all joined together to speak, listen and discuss the future of procurement — a nexus of industry intelligence.
Same goes for perhaps the most fascinating company for the industry, Amazon, which is itself a mashup. As Chief Research Officer Pierre Mitchell put it, Amazon is “the ultimate mashup firm with perhaps the most advanced supply chain in the world.”
In many ways, the Sourcing & Supplier Management space is the broadest- and farthest-reaching of all the categories Spend Matters covers. There are a ton of aspects to consider when defining “sourcing” (of the “e-” variety or otherwise), while supplier management is a catch-all description for a set of activities and technologies that are often carried out in silos across an organization. Using this admittedly loose rubric, we’ll take a quick spin through some of the top posts on Spend Matters in 2016 that dealt with the challenges of — and best practices behind — sourcing and supplier management.
Dear Spend Matters Readers:
So much has happened in 2016.
And while that’s a phrase that is routinely written describing every year at about this time in the annual calendar, it really holds true for the past 360 days or so.
Trump. Cubs. Brexit. Syria. Refugee crises. Panama Papers. Pokemon Go. (This is fun...we could keep going.)
But so much has happened in the world of procurement and supply chain in 2016 as well, and rather than outline it all here, our team has been working to bring you the Best of Spend Matters in 2016. Look for Best of Spend Matters posts all through next week (and read on to find out how we’re determining these).
But perhaps our biggest announcement is that Spend Matters has finalized an exciting 2017 Editorial Calendar. Check it out!
I think the entire city of Chicago showed up three hours late to work today — including our office. And for good reason. The Cubs are World Series champions for the first time since 1908. I’m sorry to take a break from our regular programming here, but we would be negligent in not pointing out this little victory last night and what a big deal it is for Chicago (and all those who grew up watching the Cubs lose year after year, not to mention our parents, grandparents and great grandparents who did the same).
After the events of June, with Brexit dominating the headlines, stock markets actually did pretty well in July. The Dow Global index was up 4% on the month and is now positive for the year, as are U.K. and U.S. markets. The month was also a good one for our portfolio of 20 firms that have an interest in procurement services and solutions. The portfolio was up almost 5% on the month, driven by some of the giants of the industry, as we’ll see. It is now 4.8% up year-to-date, slightly better than the global stock market index but still underperforming the general U.K. and U.S. indexes by still a percentage point or so.
We’re rounding up our most popular articles from July! During the month, the Spend Matters team continued to look into how the Brexit vote will impact supply chain and procurement organizations, as well as dove into other news that procurement professionals should take note of. From a possible Coupa IPO to rebranding efforts from eBay and global online marketplace HourlyNerd, check out our most-read stories of the month stay on top of the latest supply chain and procurement news of the summer.
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.