The Procurement Category

APICS Becoming ASCM: CEO Abe Eshkenazi Details the New Direction

marketing procurement

APICS announced recently it was launching a new supply chain organization that would push the industry association out of its niche for talent development and into corporate transformation strategy. Called the Association for Supply Chain Management (ASCM), the new organization seeks to create a fully encompassing group for all professionals who touch the supply chain. More than a rebrand, the creation of ASCM signals a shift in strategy at APICS as well as within the businesses of the customers that the association serves, APICS CEO Abe Eshkenazi told Spend Matters in a recent interview at the APICS 2018 conference in Chicago.

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5 Essential E-Procurement Operations Capabilities

A wealth of information exists for companies contemplating the launch of an e-procurement platform. Yet learning about the capabilities needed to support ongoing operations has been extremely difficult — until now. Our latest eBook, E-Procurement Operations: Post-launch Capabilities to Ensure Your Success, provides insights on the capabilities needed for successful e-procurement operations.

On CSR Reporting, Smaller Firms Outscore Larger Ones in Global Study

sustainable

Small and medium-sized businesses outscored larger companies in managing their corporate social responsibility reports — but all sizes of firms could improve CSR management and remove more risk for their companies, according to EcoVadis’ second annual study of more than 33,000 businesses around the world. Out of 100 points, small and medium-sized companies (26-999 employees) scored 42.4, and large ones (more than 1,000 employees) scored 39.6, the study said. Results below 45 indicate “an unstructured approach” to CSR management — with a medium to high risk for a business on the EcoVadis scoring scale, and the study said large companies have much further to go in improving their CSR practices.

These 3 Data Problems Could Be Draining Your Company’s Resources

Spend Matters welcomes this guest post from Brian Alster, global head of supply and compliance products at Dun & Bradstreet.

When you’re working on estimating the costs of your third-party relationships, the last thing you want to find are holes or inaccuracies in your data. It can leave you unable to make informed, data-driven decisions. This fear might explain why, according to Forrester research, almost a third of enterprise architects and chief data officers spend at least 40% of their time discerning the credibility of their data before using it to make critical decisions.

Commodities Roundup: Catalytic Converter Thefts, A $200 Billion Tariff Announcement

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.

Why Procurement Must Prepare Today to Use Cognitive Software in 2050: Insights from LevaData’s 2018 Cognitive Sourcing Summit

digital

Just as it’s unlikely that most people will be regularly using self-driving cars any time before 30 years from now, procurement is probably not going to be widely using AI-based “cognitive” software within the next five or even 10 years. But that doesn’t mean organizations should sit around waiting for the technology to come to them. The talent, technology and operational strategies procurement leaders choose today will determine whether or not they are capable of using artificial intelligence-based software in the future. In fact, failing to prepare for the use of cognitive technology today could mean procurement is unable to use those tools even when they have become widely adopted, putting the business far behind its digitally mature competitors.

GHX’s Purchase of Medical Columbus is a Blueprint for Global Expansion and Future Acquisitions

Although disruption may be a popular buzzword in boardrooms, one of the more striking features of business today — especially in healthcare — is the entrenchment of the established order. So, when a relative youngster like the Global Healthcare Exchange (GHX) quickly finds its way into “the club" (and is changing the way business is conducted), it's notable. Having successfully planted itself as a connector and enabler of business between increasingly supersized health systems and an even more powerful supply side, GHX has done just that. 

Tariffs: A Black Cloud Marring the 2019 Commodity Outlook

There was one word that loomed over the proceedings at The Right Place/Supply Chain Management Council's Commodity Trends 2019 Outlook event Wednesday in Grand Rapids, Michigan: Tariffs. From the multiple expert presentations to numerous audience questions and comments on the topic, it didn’t take much to pinpoint the effects of tariffs as a recurring theme of the half-day conference, at which MetalMiner Executive Editor Lisa Reisman presented our 2019 metals outlook. Indeed, the current onslaught of tariffs — including those implemented under Sections 201, 232 and 301 of U.S. trade law — seemed to be one of the primary concerns on everyone’s minds.

Commodities Roundup: Shale Gas Expansion Slows, Europe Drops Solar Panel Duties

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.

Forging a Cognitive Future for Procurement: LevaData Kicks Off Second Annual Cognitive Sourcing Summit

platform

Spend Matters is on the ground in Santa Clara, California, today for the 2018 Cognitive Sourcing Summit. Hosted by LevaData, an emerging provider of e-sourcing software, the event, now in its second year, brings together leading procurement professionals to examine trends in strategic sourcing, with an emphasis on how artificial intelligence and machine learning are changing the way organizations approach this foundational process. While LevaData plans to expand upon several of the themes it first explored at its inaugural Congnitive Sourcing Summit, in October 2017, we will also be looking to hear about the latest updates to the vendor’s platform, as well as the results of some relevant research about procurement’s readiness to effectively use AI-powered technology.

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One (Direct Procurement) Tool Fit for All

digital

When considering indirect procurement departments, I often distinguish several tools used in parallel. But while this may be perfectly acceptable for the software providers, it is much less so for the users and company. Imagine the amount of effort for the administration of four separate tools, each different from the next — with their own supplier database and knowledge spread over multiple departments. The worst component of having four separate tools is there is no centralized flow, no process integration and different upgrades and training are required for each.

U.S. Pork Prices Hit Multi-Year Low

pigs

Spend Matters welcomes this guest post from George Duke, market analyst at Mintec.

Pork prices in the U.S. have fallen sharply since June, with August prices 40% lower month-over-month. Seasonal falls in pork prices can be expected for the late summer. This year, however, pork prices are falling at a more significant rate than the historical average.