The Suppliers Category

Koble’s Experian Partnership Turns Social Supplier Discovery into Risk Management Opportunity

SpendLead

We’ve covered Koble here over the last year or two, and the platform continues to grow its user base of buyers looking to find innovative suppliers and suppliers looking to find buyers (around 500 major firms are now using the solution.) Recent accolades have come with a place in the 2017 Red Herring North America “Top 100 winners,” which lists innovative and exciting tech firms, and even a nod by Gartner. Part of the latest reason why is a free risk analysis tool built into the platform.

Blame the Supplier: A Roundup of Recent Supply Chain Scandals

Makeup for tweens is controversial enough on its own, but when asbestos is involved, national news headlines follow. ABC11 reported this week that asbestos was found to be present in the “Just Shine Shimmer Powder” sold at Justice, a national retailer of girls’ apparel. Asbestos fibers, once inhaled, remain in the lungs permanently. As Sean Fitzgerald, the director of research at the lab where the investigation was conducted, told ABC11, children “could die an untimely death in their thirties or forties because of the exposure to asbestos in this product.”

Supplier Performance Management (SPM) — Lost and Found?

What if a network of suppliers responded even more favorably to a customer that persistently and artfully manages them? Almost all of the analysts who cover the supplier performance management (SPM) solution market agree there is an incremental 5%–15% in contract savings for those who do it well (i.e., for buying organizations that apply a continuous improvement discipline to their SPM practice). Those are big numbers. So why would it appear that outside of the automotive industry, sophisticated SPM practice hasn’t caught on?

How Procurement and Sourcing Can Help Close the Gender Gap: UN Women Report

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Procurement functions can play a big role in supporting women-owned businesses, argues a new report produced by UN Women. The report points out that corporations are in a powerful position to help close the gender gap through their procurement and sourcing departments. Even though corporate spend accounts for trillions of dollars every year, only 1% of that sum goes to women-owned businesses.

Freeing Yourself From the Chains of the DPO Stretch: An Empirical and Experiential Analysis [Plus+]

Before on Spend Matters, I highlighted an analysis where, in 12 of 14 manufacturing industries I analyzed, I found negative correlations between Days Payable Outstanding (DPO) and enterprise performance (e.g., debt you may incur to raise cash to invest in high payback initiatives such as B2B trade financing where early payment discounts and/or supply chain finance programs are established). In this Spend Matters Plus article, I’ll dive into the industry details and also provide some additional insights based on some research that we conducted with the Institute for Supply Management (ISM).

Procurement Value Drivers

Spend Matters welcomes this guest post from María Cecilia Siqueira, of GEP.

Formerly known as a tool for cost reduction, procurement is now changing the business game. The market’s fast pace and global competition has forced some critical transitions in companies’ structure, strategy and execution. As Klaus Schwab, chairman of World Economic Forum, puts it, “Nowadays, it is no longer the big fish that eats the small fish — it is the fast fish the eats the slow one.”

Fashion Transparency Index 2017 Released: How Do Your Favorite Brands Rank?

Adidas and Reebok scored the highest and Dior, L.L. Bean and Forever 21 scored among the lowest in this year’s Fashion Transparency Index. The report was released last Monday, the fourth anniversary of the Rana Plaza collapse. Just in its second year, the Fashion Transparency Index ranks 100 of the biggest global fashion and apparel brands based on how much information they disclose about their suppliers, supply chain policies, and social and environmental consequences. The methodology was developed with input from a group of more than 20 industry experts and academics.

2 Strategic Ways to Improve Supplier Relationship Management

suppliers

Spend Matters welcomes this guest post from Dr. Muddassir Ahmed, divisional supply chain manager at Eaton.

Whether we like it or not, whether we want to say that out loud or not, buyers and suppliers primarily indulge in exchange relationships in order to satisfy their desire for money and to benefit their businesses or organizations. So when buyers and suppliers think about supplier relationship management or ways in which they conduct exchange relationships, they must focus on a share of value appropriated by both sides in the relationship.

Why Supplier Value Management, and Why Now? (Part 1): The Top 3 Areas to Focus On

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Spend Matters welcomes this guest post from Bill King, customer account director at BravoSolution. 

In a world of uncertainty, struggles to hit your numbers and declining savings for sourcing events, it’s time to try something different. Well, it’s not that different. The practice has been around for over a decade. Most companies, however, haven’t quite yet embraced supplier value management (SVM) as a strategy to increase savings, reduce cost and build supplier relationships.

SAP Ariba LIVE Dispatch: The Ariba Network Today and Tomorrow (Part 1) — Past and Present

The future of the Ariba Network is arguably the future of SAP Ariba. As more content, intelligence and capability shifts into not just the cloud but the space between companies, network and platform-based connectivity will become increasingly important for procurement and suppliers alike. Connectivity is even now forming the basis of competition in the procure-to-pay market, with SAP Ariba competitors like Tradeshift making the argument to potential customers that the platform matters as much — or more — than application capability alone. In a series of posts this week, we’ll tackle the past, present and future of the Ariba Network, as well as the SAP Ariba platform.

SAP Ariba LIVE Dispatch: Does Supplier Diversity Have a New Visionary?

supplier diversity

SAP Ariba and ConnXus announced a new partnership Tuesday at SAP Ariba LIVE. ConnXus is one of the last remaining independent supplier diversity vendors with any scale, although still a small firm itself. There are only a few hundred people in the procurement industry who have tracked the market for supplier diversity databases and software solutions over the years and know it well. Those familiar with this area know that the road to tapping supplier innovation and managing diversity spend through these tools has been paved with the great intentions of vendors that somehow got sidetracked along the way.

Matchmaker, Matchmaker, Make Me a Buyer/Supplier Match!

Matchmaking is an age-old practice. And as Tzeitel, Hodel and Chava will tell you, it’s a tough world out there when it comes to traditional matchmaking. The same goes for buyers and suppliers in the marketplace. Just as matchmakers once met with mothers and fathers to match their daughters to prospective husbands, businesses used to pound the pavement trying to find prospective clients, buyers, suppliers and anyone who would take a business card and put it in their pocket full of loose change and car keys.