Category Archives: Industry News

M&A News: Lexmark Acquires Kofax – Initial Market Analysis

- March 26, 2015 4:47 PM | Categories: Industry News, M&A

Businessman hand touching M & A on virtual screen - merger & acq Earlier this week, Lexmark announced it was acquiring Kofax. The Deal reports that the transaction will add, “$300 million in 2014 sales from a base of more than 20,000 global customers … [and] will boost its enterprise software sales to $700 million.” Spend Matters believes the transaction will further fuel valuation levels in the enterprise software sector (Kofax is now trading at over 3X top-line at the time of publication of this post – up over 25% over the pre-deal multiple) given that the firm competes in the somewhat stodgy world of accounts payable automation, inclusive of OCR services, among other areas.

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US Imports Decline Blamed on West Coast Port Slowdown

- March 19, 2015 8:38 AM | Categories: Industry News, Sourcing, Supply Chain

Unloading of a container ship While the worst of the West Coast port disruptions may be over, the damage has already been done this year. Total US container imports sank more than 5% during January and February, compared to the same 2 months in 2014. The drop is attributed almost entirely to the months-long contract disputes and worker slowdowns at the West Coast ports. The ports of Los Angeles and Long Beach each saw container imports fall 19% and 20%, respectively, according to a new report from trade research firm Zepol.

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Apple Bumps AT&T From Dow Jones – Should Enterprise Customers be Worried?

- March 18, 2015 2:19 PM | Categories: Finance, Guest Post, Industry News

Spend Matters welcomes this guest article from NPI. On March 19, telecom giant AT&T will lose its spot on the Dow Jones Industrial Average –z Apple will replace the carrier on the landmark stock index. For telecom industry veterans, this is a stark reminder that giants fall hard. AT&T was one of the nation’s most powerful companies until increased regulation and divestiture changed the telecom landscape in 1984. Fast-forward to the date of the Dow announcement, when the carrier had one of the lowest prices in the index trading at $33-$34 – hard to believe. Year-over-year growth was up just 3.2%, compared to Apple’s 70%.

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Crude Oil Prices Hit New Low This Week – What it Means for Procurement

- March 17, 2015 8:43 AM | Categories: Commodities, Industry News, Price Forecast

Oil-Refinery-in-Anacortes-WA-0321140E35B92681 Crude oil prices have been plummeting for months, and on Monday, they hit a low not seen since March 2009. The benchmark U.S. oil price fell to a 6-year low of $42.85 a barrel yesterday. A rising US oil supply is helping to drag down oil prices, as is the prospect Iran crude oil may be available on the market as negotiations over the country’s nuclear program are becoming more promising. But what does this mean for procurement?

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Exploring SciQuest Release 15.1: NextLevel Conference Dispatch

IMG_2229 (1) Eric Zoetmulder, vice president of product management, took the stage at SciQuest’s NextLevel conference this morning and shared a number of product themes around where SciQuest is placing emphasis on investing in its suite and individual modules. While we will be covering some of the specific product-level enhancements in detail in the coming days on Spend Matters PRO, we talk about some of the general themes he shared during his presentation.

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Exploring SciQuest Release 15.1: NextLevel Conference Dispatch

Eric Zoetmulder, vice president of product management, took the stage at SciQuest’s NextLevel conference this morning and shared a number of product themes around where SciQuest is placing emphasis on investing in its suite and individual modules. While we will be covering some of the specific product-level enhancements in detail in the coming days on Spend Matters PRO, we talk about some of the general themes he shared during his presentation.

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SciQuest NextLevel Dispatch – A Suite Step in the Right Direction

sciquest SciQuest’s NextLevel customer conference is perennially one of my favorite vendor events. There’s a great diversity of attendees from the private and public sectors, and the suppliers in attendance aren’t just hawking software or IT gear – many are selling highly specialized laboratory suppliers given the provider’s historic focus on the sciences market. But more important, everyone seems open to talking and sharing their experiences – there’s not the “close-to-the-chest” procurement stigma that many practitioners tend to play at other tech conferences. And besides, where else can you find a slightly creepy mascot in laboratory beaker garb with a bunch of groupies trailing him around the floor?

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ISM Supply Chain Diversity Summit Dispatch: A “Clean” Lesson from CSR Initiative

- March 12, 2015 2:34 AM | Categories: Analysis, Conferences, Industry News, Procurement Commentary

america-astronaut-astronomy-2422 Last month, the Institute for Supply Management held its national Supply Chain Diversity Summit in Atlanta. I will share more from the ISM event later, but let's go directly to my best takeaway from the event – a tangible, economically sound, life-changing CSR initiative. It came from Derreck Kayongo, founder and leader of Global Soap Project – an initiative that transforms recycled, discarded hotel soap into usable soap for Africa and other countries with limited sanitation opportunities. Find out how Derreck made this idea a reality and how it can be used as an example for procurement organizations.

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Create and Use Big Data: Dispatch From Procurement Leaders’ America’s Congress

IMG_2215 I’m at the Procurement Leaders' America's Congress in Miami today. Having sat through the morning sessions so far, I can say the trip has been worth it already, not even factoring into the one-on-one discussions and catch-up with old faces and new. Indeed, the number of ideas and takeaways I’ve jotted down from the keynotes has been off the charts. Rio Tinto’s Managing Director and CPO Ramsay Chu stole the show this morning with story after story about data-centered initiatives including how to create and source new information that can take analytical problem solving in entirely new levels.

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SM Talks to Coupa CEO and ZenPurchase Founder Following Merger

- February 25, 2015 2:22 AM | Categories: Industry News, M&A

apple-bag-collaboration-154 Following up on the earlier reports on Coupa's announcement that it is acquiring ZenPurchase – a recent startup focused on collaborative sourcing – I had the pleasure of speaking with the CEOs of both companies recently. Find out what the 2 leaders had to say about the merger and what is ahead for the new firm.

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How Better Procurement Practices Could Have Helped Resolve the West Coast Port Crisis

- February 20, 2015 1:08 PM | Categories: Analysis, Industry News, Procurement Strategy & Planning

KONICA MINOLTA DIGITAL CAMERA The ongoing logistical logjam at the West Coast ports is still not resolved. The situation is impacting small and large businesses across the US as well as workers that rely on imports and exports from the ports. How could procurement have helped this situation? Spend Matters analyzes the issue and offers ways procurement can step in.

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Spend Matters Talks to “30 Under 30” Megastar

- February 20, 2015 6:39 AM | Categories: Industry News, Procurement, Supply Chain

two spotlights Late last month, ThomasNet and Institute for Supply Management (ISM) announced the winners of the first “30 Under 30 Rising Supply Chain Stars” recognition program. They partnered up last year to begin taking nominations for exceptional supply chain professionals in the millennial age group. Today, we share a Q&A with the program’s “megastar” winner: Katy Conrad Maynor, Category Manager, Finished Lubricants/B2B with Shell Oil.

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