Category Archives: Industry News

Nancy Kallusch: Women in Procurement

Nancy Kallusch

Nancy Kallusch has more than 15 years of procurement experience. She also has a law degree. How she went from legal to procurement has been an “evolutionary” experience, perhaps even unexpected. Yet she feels her career has also developed organically and landed her in a position that, similar to legal practice, involves working with clients and engaging with people. However, unlike her personal experience in law, she feels her role in procurement allows her to have a greater impact on the business.

Make Procurement Great Again!

Global Procurement Tech Summit

I decided to have some fun this week and change my Skype handle to “Make Procurement Great Again.” It has generated far more of a response than I could have imagined, and, yes, I admit to having a twisted sense of political humor. But "The Donald" may have a point. We do need to make procurement great again, and like Trump, we need to inspire the voting masses who would otherwise not get involved in politics, those with their own set of issues that they believe go unheard by mainstream leaders.

Amazon Business, DuPont, IBM and the Public Sector: Breaking Down the #ProcureTech2016 Keynotes

Attention CPOs, procurement executives and other industry professionals: Are you still feeling the hurt from a struggling economy? Do you need to get the most out of your spend with fewer employees at your disposal, while using the technology available to reduce human cost? Let Spend Matters and ISM inform your spend decisions and clue you in on the technological capabilities coming down the pike at the first ever Global Procurement Tech Summit.

Public Procurement Priority No. 1: Process Reform and Re-Engineering

public procurement

State procurement leaders say process reform and re-engineering will be their top priority of 2016, according to the National Association of State Procurement Officials. NASPO is a public procurement-focused nonprofit organization and recently released its list of the top 10 priorities state public procurement leaders say they will focus on in the new year. Check out the full top 10 list of top priorities.

What Toyota’s Latest Supply Risk Event Teaches Us

Toyota supply chain

Toyota's supply chain is much revered for its lean Toyota Production System that it deploys internally and at its suppliers. It does help drive out waste and improve product quality. Yet it’s “necessary but not sufficient” in running an end-to-end supply chain. This was evidenced by several recent events. Most recently, Toyota faced the threat of production line shutdowns in Japan due to a fire at an Aichi Corp. steel plant, which, given the incident occurred back on Jan. 8, makes the potential shutdown all the more shocking to hear.

Child Labor in Tech, Auto Supply Chains Detailed in New Report

child labor

A number of major tech companies and car makers were recently linked to child labor. Apple, Samsung, Microsoft and Volkswagen were just some of those named in an Amnesty International and Afrewatch report that showed companies are using minerals mined by children in dangerous conditions in the Democratic Republic of Congo. According to the report, these companies are “failing to do basic checks to ensure that cobalt mined by child labourers has not been used in their products.”

SCRM Solution riskmethods Will Use New Capital to Expand to U.S. Market

Lystable

Supply chain risk management solution provider riskmethods raised about $6 million in a Series A financing round, new capital the Munich-based company will use toward creating a riskmethods division in the U.S., the company announced Tuesday. The riskmethods investment round was led by EQT Ventures, which invests mainly in European startups. EQT is also a new investor for riskmethods. Existing investors Senovo, Point Nine and Bayern Kapital also provided new capital in the Series A funding round, riskmethods said.

Efficio Acquires Web Development Company Dedoko

Efficio

U.K.-based procurement and consulting service provider Efficio has acquired Dedoko, a web application development company that had previously contributed to the development of Efficio’s procurement technology suite. Efficio said Dedoko developers have been working to create custom procurement modules for Efficio’s eFlow platform. Dedoko developers, centered on the development of Efficio’s cloud-based applications, will be transferring to the Efficio team following the acquisition and will continue developing the eFlow platform.

Hoverboard Company Swagway Allegedly Makes False Safety Claims

hoverboards

Hoverboard maker Swagway is allegedly putting counterfeit safety marks on its products. Underwriters Laboratories, an independent safety science company that reviews products to determine if they are safe for consumers, said Swagway put its UL safety marks on its hoverboard, but UL has never inspected or certified any hoverboards. Swagway said it uses battery cells and adapters that have been certified by UL. However, according to UL, that does not grant Swagway the right to use the UL safety mark on its product.

Millennials, Mobile and Cloud Security: Determine Shares its Predictions for 2016

Cloud P2P

As we kick off a new year, Spend Matters reached out to procurement technology providers to find out what their focus will be for 2016. Based on user feedback in 2015 and market trends, we asked Determine what the top procurement challenge or trend would be this year. I spoke with Constantine Limberakis, director of product marketing for Determine (formerly Selectica), who said responsive platform design and cloud security would be two key areas of focus for the provider in 2016.

U.S. Will See Smallest GDP Impact From TPP, According to World Bank

TPP

The United States is expected to see the smallest impact on GDP from the Trans-Pacific Partnership among member countries, according to a new report. Vietnam and Malaysia will see the largest increase in GDP from the trade deal among the countries involved in it, with expected GDP rises of 10% and 8%, respectively, by 2030. For the U.S., however, the TPP will bring a 0.4% rise in GDP by 2030, according to the report, titled “Potential Macroeconomic Implications of the Trans-Pacific Partnership,” released by the World Bank.