Spend Matters conducted this interview with Craig Reed, global director for raw materials, energy and packaging at DuPont, during the Global Procurement Tech Summit. We thought practitioners would benefit from reading how a procurement leader at a Fortune 500 firm approaches his work. In this Q&A, Reed discusses the biggest challenges he faces in his role, hurdles to technology adoption and how his procurement group aligns itself with the rest of the business.
Category Archives: Industry News
SciQuest’s new Vice President of Product Management and Strategy Deb Woods is not a conventional head of products. While she has a product management background, Woods has also worked in procurement and supply chain as a practitioner and is extremely experienced leading corporate development efforts as well. It’s arguably the perfect combination for what SciQuest needs in the current product leadership role as it finds itself under new (private) ownership with backing for both organic and inorganic investments.
While academic research and development for CombineNet dropped off dramatically after its acquisition, SciQuest has continued to make targeted investments in its sourcing optimization solution. These investments have produced continual improvements in several key areas. Yet while we commend these and other recent improvements to the toolset, SciQuest needs to double down on investments to this product line if it wants to remain a leader in the sourcing optimization market.
We’ve long been fans of sourcing optimization approaches at Spend Matters. A number of years ago, SciQuest acquired the original pioneer in the sector, CombineNet, which had particular expertise in logistics procurement at the time. Since then, SciQuest has invested in two different sourcing product lines: Sourcing Director and Advanced Sourcing Optimizer. This two-part conference dispatch provides an update to ASO.
Xavier Olivera, Pierre Mitchell and I are down in Nashville this week at SciQuest’s annual Next Level customer conference. This year’s Next Level, the largest one held to date, features a curious mix of attendees from the private sector, higher education and government. It is also host to a mix of exhibitors and sponsors, including a surprising number focused on enabling punch-out catalog models (not to mention Amazon Business, which is also speaking at the event).
McDonald’s has officially removed chickens raised with antibiotics from its U.S. supply chain, joining a list of restaurants, food companies and retailers that have banned specific drugs or other potentially harmful ingredients in their products. Companies have taken steps this year to rid supply chains of potentially harmful additives or ingredients, as consumer demand for cleaner and more natural products grows.
Nearly two-thirds of the companies that filed conflict mineral reports with the U.S. Securities and Exchange Commission this year did not disclose the country of origin for the tin, tantalum, tungsten and gold (3TG) in their supply chains. According to a new analysis of the 1,216 conflict mineral reports filed for 2015, just 33% of companies identified whether these minerals were sourced from conflict zones in Africa.
Randstad Holding NV, the second largest staffing and recruiting business in the world, announced this week it has entered into an agreement to acquire Monster Worldwide Inc., one of the first job boards launched in the mid-1990s. Randstad will acquire Monster for $429 million in cash, or $3.40 per share, representing a 23% premium relative to the Monster’s closing share price on Monday.
Supply chain and procurement organizations: Want to attract millennials to your team? Worry not so much about salaries and benefits. It’s flexible hours, a solid work-life balance and a job that allows them to advance their career that young professionals most desire. That’s according to a recent survey of 13,000 people aged 15 to 32, conducted by the National Society of High School Scholars.
BravoSolution & Puridiom Acquisition First Take: SWOT Analysis, Customer, Partner & Competitive Considerations
BravoSolution, a procurement technology suite provider historically focused on delivering analytics, sourcing, supplier management and contract management solutions to private and public sector customers in Europe and North America, recently announced its acquisition of Puridiom, a procure-to-pay (P2P) technology provider. In the coming quarters, the transaction will broaden BravoSolution’s organic footprint and provide the organization with greater control over the future of developing an integrated source-to-pay (S2P) suite instead of having to rely on partner solutions to fill missing gaps. This Spend Matters PRO research brief provides a BravoSolution customer, partner and competitive landscape analysis and considerations based on the transaction, as well as a SWOT analysis (with the Puridiom asset).
BravoSolution announced early Monday that it had completed its acquisition of Puridiom, a procure-to-pay (P2P) technology provider specializing in middle market e-procurement. This Spend Matters briefing overview provides a summary of the transaction and features a Q&A on the transaction with BravoSolution’s CEO Jim Wetekamp. Terms of the transaction were not announced and both organizations are privately held companies.
The majority of supply chain organizations have a mobile website or a mobile app, yet far fewer supply chain professionals actually use those mobile technologies. A recent survey of supply chain decision-makers on mobile solutions found many respondents do not feel current mobile technologies meet the needs of users and fail to solve critical pain points of the organization.