In a recent PRO analysis, Jason Busch, founder and head of strategy at Spend Matters, and Lisa Reisman, director of research and executive editor at sister site MetalMiner, explored what impact the Trump presidency will have in procurement — more specifically, on infrastructure, the greenback and more. Join Jason and Marco H. de Vries, of OpenText Business Network, tomorrow at 10 a.m. CST for a webinar on everything you need to know to prepare yourself and your suppliers for the oncoming Trump presidency.
The Supply Chain Category
There’s been a lot of hoopla on Amazon Go, Amazon’s foray into brick-and-mortar retailing, especially due to its recent video commercial. The online giant is experimenting with some highly automated small format grocery stores that add up to a promised near-frictionless experience for consumers to just swipe into the store, grab what they want and walk out with waiting in line or self-scanning items at a checkout counter. What could possibly go wrong? Well, lots of things, actually
President-elect Donald Trump's campaign featured plenty of rhetoric, but how can you separate that from what procurement and the supply chain will actually experience beginning Jan. 20? Join Jason Busch, founder and head of strategy at Spend Matters, and Marco H. de Vries, senior director, product marketing at OpenText Business Network, on Tuesday, Dec. 13, at 10 a.m. CST, for Trade, Environment and Economic Policies in 2017: Is Procurement Ready?
News of the Trump presidency was arguably the largest trade (and policy) shot heard round the world in decades. Earlier this week, we discussed a range of issues that can potentially affect the broader economy –– not to mention procurement and supply chain organizations and, in particular, manufacturing. Yet two additional areas warrant additional study, not as standalone policies per se (at least for one of the two areas) but in situ conditions arising from a Trump presidency: infrastructure spending and the U.S. dollar.
In addition to the previous considerations explored in Part 1, our analysis considers these additional items in the context of three concrete procurement tactics organizations can take: improving their capability to support total cost modeling/landed cost models; investing in supply chain risk visibility; and approaching commodity strategy and commodity management in new ways. This Spend Matters PRO analysis provides key analysis, talking points and actions steps for procurement and supply chain organizations to understand the impact of a Trump presidency on their firms and where they can start 2017 from a position of knowledge. It also offers recommendations for technology areas and technology vendors for consideration given these broader issues, including direct procurement technology suites, commodity management solutions, supplier network/connectivity solutions (direct spend), analytics, and supplier and supply chain risk management.
Spend Matters welcomes this sponsored article from OpenText.
Many companies today are beginning their journey to transform into a digital business. But implementing a digital transformation strategy does not happen overnight, and you can’t just focus on the internal enterprise. You have to consider how to deploy a digital strategy across external stakeholders, as well.
Amazon Business has touched down in Germany. The B2B giant announced Tuesday that Amazon Business would be available in the Central European country for firms of all sizes that sign up for a free account. Spend Matters recently spoke with Amazon to get the details of the German launch.
The election of Donald Trump will undoubtedly have an unexpected impact on the domestic and international procurement, supply chain and trade communities. Perhaps the even bigger surprise will be in how much of the grassroots rhetoric from the campaign actually becomes reality in 2017 when President-elect Trump takes office. Reversing previous executive orders and issuing new ones, as opposed to pursuing a legislative approach to change, is a faster route to creating shorter-term impact, but also potentially less effective in the long term.
This Spend Matters PRO analysis provides an overview of some of the most important trade, policy and commodity inputs to what a Trump Presidency may bring. It provides a procurement and supply chain perspective on likely changes that we need to be aware of as practitioners, as well as select wild cards that are important for consideration. The second installment of the series will also include suggested strategies, tactics and technologies that organizations can deploy to minimize business risk and disruption moving into this expected area of change.
Spend Matters welcomes this guest post from Pranav Padgaonkar, of GEP.
2016 has seen a surge in product recalls across industries, from Volkswagen’s “dieselgate” to Samsung’s Galaxy Note 7 and subsequent washing machine recall. A product recall is a huge disruption to the supply chain, and a huge dent to brand image. Managing a recall effectively is crucial — sometimes to the survival of the product in the market and sometimes to the survival of the company itself.
This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of key vendors and their solutions in select categories. This week, we’re highlighting companies in the risk management and spend analytics spaces.
Riskmethods, which Spend Matters estimates is the fastest-growing supply chain risk management provider, is more than just a cloud-based provider of supply chain risk management software. It is a new type of supply chain intelligence utility. While the provider is still too small to have a solution that is “going viral,” its growth rate is significant relative to all other vendors in the sector and also a bright spot on the broader procurement and supply chain technology market.
Only two weeks to go until our webinar with riskmethods. The supply chain risk management provider’s software identifies risk along global supply chains, assesses the risk impact and defines appropriate and focused measures for risk prevention or crisis mitigation. The firm is the perfect partner for our upcoming webinar, titled “Keep your enterprise out of the rough: How Titleist built transparency and increased resilience into their supply chain.”
We all know about return on investment (ROI) and just how complex it can be to identify and measure, but what about "return on procurement," or ROP? It is indeed a tricky proposition and one that is essential to solve. Join Pierre Mitchell, chief research officer at Spend Matters, and Len Prokopets, managing director at KPMG, on Monday, Nov. 14, at 10 a.m. CST, for Quantifying the Return on Procurement: Practical Frameworks and Scorecards. Sign up today!
What does improving supplier compliance have to do with the $5 foot-long? Join Pierre Mitchell (chief research officer at Spend Matters), David Burrows (sustainability supply chain manager at Subway / IPCoop) and Pierre-Francois Thaler (co-founder and co-CEO, EcoVadis) at 10 a.m. CDT for Improving Your Supplier Compliance Odds When the Cards Are Stacked Against You. Questions answered:
- How can I leverage supplier CSR performance to turbocharge sourcing, supplier management, product innovation, and supply chain design efforts – rather than slowing them down?
- How do I get both suppliers and diverse internal stakeholders not just aware, but motivated for the needed change?
- How do I develop a business case that aligns to economic value-added models that the C-level cares about?
- What other brand leaders have gone before me to show how to "connect the dots" between compliance, risk, and reward?