The Industry News Category

Food and Beverage Industry Leads its Peers in Sustainability Performance, Ceres Finds

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Growing consumer demand for transparent food supply chains and responsible sourcing has pushed the food and beverage industry to embrace sustainability to a larger extent than other sectors, according to new research from Ceres, an NGO focused on sustainability. Ceres examined how more than 600 of the largest publicly traded U.S. companies are responding to environmental risks, human rights abuses and other threats falling under the umbrella of sustainability. The organization found that food and beverage companies are generally ahead of their peers.

Sourcemap and BRAC U to Launch a Digital Map of Every Garment Factory in Bangladesh

We were intrigued to learn recently about a project to create a digital factory map of Bangladesh, a joint effort from BRAC University, Sourcemap and the C&A Foundation. Officially called the Digital Ready-Made Factory Map of Bangladesh, the project is set to launch this summer. A team of data collectors from BRAC University and Sourcemap are currently visiting every garment factory in Bangladesh and gathering GPS-linked data points on workers, factory facilities, certifications, types of products manufactured at the factory, and companies that source from the factory.

Commodities Roundup: KORUS to be Revamped, E.U. Calls Section 232 ‘Bluff’

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For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

30 Under 30 Supply Chain Star Jordan Haller on Leading ExxonMobil’s Preparatory Procurement Efforts for Hurricane Irma

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Jordan Haller knows a thing or two about safety. In 2015, the procurement supervisor at ExxonMobil was named to the National Safety Council’s list of 40 safety leaders under the age of 40 for leading a near loss campaign for his company. And last summer, Haller led ExxonMobil’s preparatory procurement efforts for Hurricane Irma. In the meantime, Haller, who has a bachelor’s degree in supply chain and information systems from Penn State University, also managed to complete an MBA at Louisiana State University. Today, Spend Matters chats with Haller on supply chain disruptions, prioritizing safety and why he expects the internet of things to push supply chain optimization to the next level.

2018 Beeline Conference: CEO Doug Leeby Talks Integration Hurdles, What Lies Ahead

Doug Leeby kicked off the 2018 Beeline Conference Tuesday with a talk on how Beeline has done over the past year and where it is headed. Given our interest in Beeline’s progress post-merger with IQNavigator, Leeby’s talk was very helpful. Compared with past years, Leeby’s keynote was notably more serious, focused on the here and now rather than technology and innovation. Specifically, Leeby emphasized Beeline’s increased “customer focus” — no doubt of critical importance given the typical challenges that come with integrating two companies.

The 2018 Beeline Conference: What Lies Ahead in a Changing World of Work

The 2018 Beeline Conference kicks off Monday in Amelia Island, Florida, the company’s second annual event since its merger with IQNavigator in December 2016. The conference will provide a good opportunity to review Beeline’s technology and product strategies, to be sure, but we at Spend Matters are also interested in the broader picture. In particular, we are eager to gauge Beeline’s progress as it evolves from simply a vendor management system (VMS) to something much bigger. 

Examining SMB Procurement Tech Needs: Do E-Procurement and SAP Ariba Snap Hit the Mark? [PRO]

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SAP Ariba is making a bet on the small and medium-sized business (SMB) market with its new Snap offering. But to fully understand this bet, some context is in order.

Smaller middle-market companies are generally late to the procurement technology game, especially compared with Global 2000 and Fortune 500 organizations. The most fully adopted procurement technology component within the SMB market, accounts payable automation (inclusive of basic invoice-to-pay capability), is more likely owned by the finance function than by procurement. And while travel and expense software is also valued by smaller organizations, its impact on procurement goals and metrics is generally limited relative to other initiatives organizations can pursue.

So where does e-procurement fit into the SMB equation, and if SAP Ariba Snap does hit the mark, where might that middle-market sweet spot be? This Spend Matters PRO brief explores how e-procurement solutions, including SAP Ariba Snap, fit into the SMB procurement agenda. It also provides a checklist for middle-market firms to think through when it might make sense to prioritize procure-to-pay (e-procurement and invoice-to-pay) investments relative to other areas such as strategic sourcing, analytics and supplier management. (For a full introduction to SAP Ariba Snap, read our Spend Matters PRO brief on the solution.)

Commodities Roundup: LME Copper and Aluminum Fall, U.S. National Average Gas Price Hits 2018 High

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

How Procurement Organizations Can Mitigate Risk, Manage Costs Amidst a Trade War

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It is still unclear whether the escalating rhetoric between the U.S. and China will become reality. Yet it is crystal clear that organizations face ever greater supply risk with each passing year and, as a result, potentially higher costs without having access to the right tools in place. How to assess those risks and costs?

For 30 Under 30 Supply Chain Star Tanner Ryan, Culture and Geopolitics Make Supply Chain a “Forever-Changing Puzzle”

Among the common characteristics of the 30 Under 30 Rising Supply Chain Stars are an international mindset and an interest in giving back to the community — two traits that certainly apply to Tanner Ryan. His supply chain career has taken him around the world and back to his native Colorado, where he now works as a Rocky Mountain Region trucking coordinator for Shell. In this Q&A, we chat with Ryan about his career accomplishments and challenges, his experience working in China as a teenager, the disruptive potential of autonomous transportation, and, last but not least, beer.

3 Big Changes Driving Procurement Hiring Trends in 2018

Spend Matters welcomes this guest column from Naseem Malik and Nick Lazzara of MRA Global Sourcing.

There’s never a dearth of excitement in the world of procurement, and 2018 has been no exception. The business effects of several new Trump administration policies are coming fast and furious. Fluctuating economic and political conditions are presenting a host of new challenges and opportunities for businesses. Because of these factors, procurement professionals now more than ever need to stay abreast of the latest developments and master in-demand skills. To help, here are the three key areas we’ve seen driving procurement hiring in 2018, as well as our recommendations for where professionals should focus in the coming months.

3 Ways to Make Procurement Software Rankings Work for You

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If you’ve been living in a cave — or have been, say, mired in a labyrinthine RFI process with no hope of finding your way out — you may have missed Spend Matters’ Q1 2018 SolutionMap release earlier this week. The Spend Matters analysts and extended team unveiled comparative rankings of 40 procurement and supply chain technology solution providers, based on buying personas across nine total solution categories and presented in the form of two-by-two graphics. But that’s only the tip of the iceberg