Sourcing Content

Why Well-Run Hospitals Need Tailored Technology to Care for Patients, Business

healthcare

As one of the nation’s largest nonprofit health systems, BJC HealthCare needs to provide consistent, high-quality patient care across all of its hospitals while maintaining operational efficiency. When the St. Louis, Missouri-based healthcare provider began its search to upgrade how it supplies its facilities, it found the healthcare marketplace provider Prodigo Solutions, which knows what hospitals of all sizes need because it provides online shopping and other services to more than half of the top 15 hospitals in the U.S.

Today, BJC uses ProdigoMarketplace to requisition a range of medical items that have been negotiated for price and vetted for compliance. To understand how the Marketplace helps, the staff at BJC answered some questions about working with Prodigo.

Easier-to-Use Sourcing Optimization Can Put the Power in the Hands of Everyone, Scout RFP Says

Sourcing optimization holds much promise for crunching the vast amount of data that procurement organizations increasingly face — as well as cutting costs, saving time and guiding buyers and suppliers to better decisions. But to date, the tools used for optimization have been too complex for most professionals to easily examine and understand the wide range of sourcing events presented.

That’s starting to change as procurement technology modernizes and customer-experience expectations rise.

To understand how the barriers to using sourcing optimization are dropping and to see the wider adoption of dynamic negotiation and sourcing optimization tools, we asked Scout RFP Co-Founder and President Stan Garber to shed some light on the latest developments.

“Today, we can optimize the entire sourcing process with a click of a button. We’re going from the days of manual Excel modeling and email juggling to a collaborative application that is as simple to use as an iPhone,” Garber said for this Q&A about the future of the procurement and sourcing technology.

Simplify Workforce: Vendor Introduction, Analysis and SWOT [PRO]

Because of recent M&A consolidation and multiple external drivers, the market for vendor management system (VMS) solutions has become fairly complex. Competing vendors have been absorbed or combined, draining the field of vendor choices that can be applied in a wide number of scenarios. Concurrently, businesses have shifted away from their focus on temporary staffing labor to a rising emphasis on statement of work (SOW) spend, while also exploring new talent engagement models that increase program complexity, to include the exploratory enterprise adoption of the “gig economy” in the form of independent contractors. Add in the typical challenges of effectively operating a temporary staffing program — from cost control issues to quality maintenance and the management of intermediaries like MSPs — and it’s easy to see why procurement organizations are finding the old paradigm for VMS solutions is no longer holding up.

Going against the grain of complexity is a newer VMS provider that incorporates simplicity (i.e., ease of use) into its name — and its solution. Founded in 2016, Simplify Workforce provides an end-to-end SaaS solution for managing the extended workforce.

The Jersey City, New Jersey-based provider enables this through separate modules for contingent workforce (or in our SolutionMap classification, Temp Staffing) and statement of work (Contracted Services/SOW), with an emphasis on configurability, adaptability and ease of use that has typically eluded past VMS solutions. In doing so, Simplify Workforce aims to address the long-underserved middle market — specifically, businesses with annual contingent workforce spend of $1 million to $100 million — with the ability to scale up or down on spend easily, with a VMS and SOW solution that can solve the majority of daily contingent workforce challenges without overwhelming users, implementation teams and budgets with unnecessary complexity.

This Spend Matters PRO Vendor Introduction offers a candid take on Simplify Workforce and its capabilities. The brief includes an overview of Simplify Workforce’s offering, a breakdown of what is comparatively good (and not so good) about the solution, a SWOT analysis and a selection requirements checklist for companies that might consider the provider.

SAP Ariba Sourcing: How It Compares Today and What’s Coming Tomorrow (Part 1: Benchmark Performance, Product Roadmap) [PRO]

future

The strategic sourcing or e-sourcing technology market — we simply call it “Sourcing” in SolutionMap — has undergone significant transformation and bifurcation in recent years. On the one hand, disruption has come from simplicity and ease of use (e.g., Bonfire, Keelvar, Market Dojo, Scout RFP, etc.). And on the other hand, it has come from significant advances in functional capabilities in various areas (e.g., Coupa, GEP, Ivalua, Jaggaer, SynerTrade and Wax Digital, among others).

SAP Ariba, one of the stalwarts of the Sourcing world for over two decades (if you count the acquisition of FreeMarkets), remains a frequent competitor on a global basis today. But how does SAP Ariba compare to others in the market on a functional basis based on its current offering? And what is coming for SAP Ariba Sourcing tomorrow?

Part 1 of this Spend Matters PRO analysis provides insight into SAP’s relative strengths and weaknesses today (based on our Q1 2019 SolutionMap release) and shares what we learned from the SAP Ariba Live event this month on an overall roadmap basis. Part 2 will provide additional insight into the new SAP Ariba Sourcing user experience as well as analysis, commentary and customer recommendations based on SAP Ariba’s Sourcing roadmap overall.

Ivalua NOW Paris event: A Dispatch on the Art and Science of Procurement

Spend Matters analyst Michael Lamoureux attended Ivalua’s customer event, Ivalua NOW Paris: The Art of Procurement, last week and found several advancements in the provider’s offerings, saw some improvements to its capabilities and learned about plans to upgrade its solution.

SolutionMap: 58 Procurement Software Companies Ranked (Q1 2019 Update)

Q1 2019 Spend Matters SolutionMap procurement software company rankings

Spend Matters today released its Q1 2019 SolutionMap, ranking 58 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management, Contract Lifecycle Management and Contingent Workforce & Services. Click on this article to see how to access rankings for free!

Q1 2019 Sourcing: Provider Scoring Summary

This SolutionMap analyzes a select group of sourcing providers. It is part of our Q1 2019 SolutionMap report series, also featuring spend analytics, contract management, supplier relationship management and risk (SRM), e-procurement and invoice-to-pay providers. SolutionMap also features procure-to-pay and strategic procurement technology suites.

Q1 2019 Source-to-Pay (S2P): Provider Scoring Summary

This SolutionMap analyzes a select group of source-to-pay solution providers. It is part of our Q1 2019 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management, e-procurement and invoice-to-pay providers. Our Q1 release also features SolutionMaps for Strategic Procurement Technology suites.

Q1 2019 SolutionMap Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management and Strategic Procurement Technology Suite Release Notes

Q1 2019 Spend Matters SolutionMap procurement software company rankings

This Spend Matters SolutionMap Insider release note provides insight into the Q1 2019 SolutionMap release for Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, and Strategic Procurement Technologies Suite SolutionMaps, reviewing the process we follow and highlighting what has changed since the last release. Mainly, 56 new or refreshed customer references were added in the Strategic Procurement Technology areas for Q1. No new providers were added for Q1, but will be added for the Q2 2019 cycle. This SolutionMap Insider release note explores these and additional changes in the Q1 2019 SolutionMap release.

Q1 2019 SolutionMap Source-to-Pay Release Notes

Q1 2019 Spend Matters SolutionMap procurement software company rankings

This Spend Matters SolutionMap Insider release note provides insight into the Q1 2019 SolutionMap release for Source-to-Pay, reviewing the process that we followed for this quarter’s release.

The providers in the Q1 2019 Source-to-Pay SolutionMap include Coupa, Determine, GEP, Ivalua, SAP Ariba, SynerTrade and Zycus. All of these providers were required to participate in SolutionMap for each underlying module, as well. These individual areas include Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, E-Procurement and Invoice-to-Pay. All of these providers are also included in the individual Strategic Procurement Technologies (SPT) and Procure-to-Pay (P2P) suite views.

This SolutionMap Insider research note provides insight into these and additional considerations in the Q1 2019 SolutionMap release. The Source-to-Pay customer data set is composed of a subset of the 600+ individual organization references included in the overall SolutionMap scoring as of Q1 2019*.

*Customers using more than one module that a vendor provides can opt to fill out a single survey within each individual suite area (e.g., a customer using two modules for P2P and four modules for SPT would need to fill out only two surveys).

Enterprises’ Use of Contingent Workforce Grows and Business Case is Strong, The Economist’s Research Arm Finds

talent management

Most procurement practitioners and contingent workforce managers won’t be surprised by the assertion that employing contingent workers can have a significant upside for companies despite some costs and a fair amount of preparation, which remains to be done, according to The Economist Intelligence Unit’s February 2019 report, “Sourcing and Managing Talent in a Gig Economy.” But it's interesting to see how the perception of this sector is developing and to gain a few more insights.