Category Archives: Industry News

What Re-establishing Diplomatic Relationships With Cuba Means For the Supply Chain

- December 19, 2014 2:29 PM | Categories: Analysis, Industry News, Supply Chain

We are still far from making any comparison with the fall of the Berlin Wall in 1989, however, this is big news for Cubans in particular and it can be a good economic opportunity for the US, too - and not just cigar aficionados. Let's set aside concerns over the oppressive leadership in Cuba and just look at the good news. While there is still a lot to figure out, this is one step toward Cuba's globalization, but not necessarily toward democratization. At Spend Matters, we try to go beyond the political implications and also analyze the potential implications for, or opportunities to, American and Cuban businesses and their supply chains.

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J.P. Morgan Loses Its CPO

- December 18, 2014 6:29 AM | Categories: Breaking News, Industry News

J.P. Morgan is without a chief procurement officer. Richard Buccarelli, who served as CPO and had been with the bank since 2009, left the company several weeks ago. Why Buccarelli left was not made clear, and it's unclear what his next move may be.

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Falling Oil Prices Reduce Oil Company Spending – and Procurement Costs

- December 11, 2014 6:48 AM | Categories: Commodities, Industry News, Procurement

On Monday, crude oil prices hit a 5-year low, with the American oil benchmark trading around $63 per barrel. Oil prices had dropped 40 percent since the summer and hit a level not seen since July 2009. The impacts of these plummeting oil prices are being seen throughout the industry – from major oil companies slashing 2015 spending and production outlooks, to others cutting jobs and some considering whether or not to continue developing major projects. But there are also benefits for procurement organizations (outside of oil and gas firms).

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West Coast Port Contract Negotiations Resume, But is it Too Late to Help Holiday Shipments?

- December 4, 2014 10:02 AM | Categories: Industry News, Supply Chain

Contract talks between West Coast port union workers and terminal operators were set to resume earlier this week, following a nearly month-long slowdown in port activity in Washington, Oregon and elsewhere in the region. Read on to see how these stalled contract negotiations are impacting the holiday season and the supply chain.

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Suppliers Strain to Meet Demand For Protective Medical Suits as Ebola Epidemic Continues

1414562738yamt4 Demand for full medical protective suits is high as the Ebola epidemic spreads in Africa and threatens to reach other parts of the globe. As a consequence, supplies of the suits are struggling to keep up. To make the situation even more difficult, there are only a small number of companies that actually manufacture the types of protective suits involved. These suppliers are increasing production (some by as much as three times normal levels), but meeting the actual demand is still proving to be difficult.

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The West Coast Port Problem and How It’s Disrupting the Supply Chain

The labor negotiations (or lack thereof) and, consequently, the slowdowns in productivity at ports along the West Coast continue to have an impact on the region and beyond. They have already disrupted the supply chain in the US, and some businesses and retailers have expressed fears of those disruptions proving detrimental during the holiday season.

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The White House Lets David Gustin In – Trade Financing Must Really Matter

- November 13, 2014 9:47 AM | Categories: Industry News, Trade Financing

Next week, my fearless colleague David Gustin, managing director of Trade Financing Matters, is headed to the White House to present at a SupplierPay meeting. He’ll be joined by a group of procurement and finance executives that have bought into the president’s request (not mandate) to get cash moving through the supply chain more efficiently and into the hands of smaller businesses.

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Full Steam Ahead: Spend Matters México y América Latina

- November 13, 2014 6:32 AM | Categories: Breaking News, Industry News

file2261346369671 I’m super excited to share with our readers and members that our latest site launch, Spend Matters México y América Latina, is firing on all cylinders. The team is not only publishing daily, but has already been engaged working with others on helping promote procurement strategy and process improvement in Mexico (e.g., running sourcing strategy workshops with our partners for procurement organizations). Just as Uber says, “the demand is off the charts!”

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GHX Acquires Vendormate – Healthcare Industry Solution Provider Adds Capabilities

- November 7, 2014 10:09 AM | Categories: Industry News, M&A

Global Healthcare Exchange (GHX) has entered a deal to acquire Atlanta-based Vendormate for an undisclosed sum. GHX provides business network connectivity for the vast majority (4,000 hospitals and 18,000 provider facilities) or more than 80% of US hospitals and their suppliers in the US marketplace according to GHX – as well as a P2P platform. Vendormate, in turn, has a vendor relationship management solution that will add vendor-credentialing capabilities to the GHX supply chain portfolio. The acquisition is expected to close within the next 30 days.

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Spend Matters Stock Portfolio – A Bleak October for IBM, SAP, Tungsten, E2Open (and Jason Busch)

- November 4, 2014 2:29 AM | Categories: Analysis, Industry News, SAP

Oh dear! October was certainly not a month of mists and mellow fruitfulness (or is that November?) for our stock portfolio. Stock markets had a nervous month after the falls of September, with further falls in the first half of October. However, some confidence returned, and many stocks recovered to finish slightly up on the month. But IT stocks continued to be treated with caution – or worse – and the evidence for that was clear in our portfolio of 21 companies with an interest in the procurement software space. The portfolio lost 3% of its value on the month, and again, it is basically back where we started, just a fraction above its Jan. 1 total value.

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Ebola – The Deadly Butterfly Fluttering Through The Supply Chain

butterfly Unfortunately, as we all know, Ebola has rapidly gone from being an obscure illness to becoming the headline of the day. At Spend Matters we have followed this as well. While not ignoring the suffering of those afflicted, we wonder how this is changing supply chains around the world. So let’s take a renewed look based on what has happened lately. Currently primarily Liberia, Sierra Leone, Guinea, and secondarily, Senegal and Nigeria are affected – but the supply chain effects go further, far further.

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The Freelance Workforce and Services Procurement: What is Your Share of $1 Trillion in Spending?

- October 10, 2014 2:31 AM | Categories: Industry News, Learning / Research

MBO Partners just released its 2014 State of Independence in America workforce study. Based on surveys and interviews with of more than 11,000 freelance workers in the past 4 years, the annual report highlights the rise of both the part-time and full-time freelance workforce. These workers earn over $1 trillion annually in North America and represent what appears to be the fastest growing segment of the overall workforce based on MBO’s survey data and other analyses we’ve seen.

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