Welcome to another edition of our best of roundup – a compilation of our most noteworthy and talked about articles published this week around the Spend Matters Network. Check out M&A and Amazon news on Spend Matters and find out what public procurement can learn from private organizations over on Public Spend Matters Europe. MetalMiner gives us a lesson on exponential technologies and Trade Financing tells us how the SEC custody rule is impacting finance.
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Happy Friday! Welcome back to this week's edition of the best of roundup – giving you the most noteworthy or talked about posts from around the Spend Matters Network of websites. Change management and maverick spending were the highlights over on Spend Matters, while our sister site across the pond touches on supplier relationship management and offers tips for companies to win public sector contracts. MetalMiner introduces another type of CPO (not cheif procurement officer) and Trade Financing Matters dissects 2 sides of P2P. Enjoy!
Maverick Spend Analysis, How to Re-Plumb Your Spend and Savings Flow – 50 Shades of Pay: Shade 14 [Plus +]
In our last edition of the 50 Shades of Pay series, we touched on how to analyze maverick spending and patch a few of the “savings leaks” through reporting and through a fail-safe P2P system. But this is only a stopgap measure, especially if there are no systems that can be set up to “guide” the requisitioner to a specific product from a specific supplier. Why? Even if the preferred supplier meets the need, people are often too busy to look for a contract or read the memo and will generally go back to buying what they want when if they feel procurement has stopped watching over their shoulder. They want to be effective. And if the product from the preferred supplier doesn't meet the need, they will continue to bypass the system at every opportunity, especially if the closet procurement person in them wants to play the “beat the corporate price” game. You can certainly allow this (hotel rooms and rental cars are a good examples) and even have “meet-or-beat” clauses with your suppliers, but most don’t want to deal with the hassle and cost of managing this. The real solution is to identify why they are doing it and then fix it.
Welcome to another edition of our best of roundup – a compilation of our most noteworthy and talked about articles from around the Spend Matters Network this week. Spend Matters US got to talk to the new CEO Of Taulia, and across the pond, Spend Matters UK shares advice on supplier relationship management. MetalMiner, too, provides an update on raw steel prices. Enjoy and happy Friday!
Happy Friday, and welcome to another edition of the Best of Roundup, giving you the most noteworthy articles published around the Spend Matters Network this week. Learn about supply chain risk in Mexico on Spend Matters and how SaaS can impact your procurement projects on our Spend Matters UK site. Public Spend Matters Europe, too, offers tips on how public organizations can procure cloud services. MetalMiner provides expert insight from Metal Procurement Specialist Raul de Frutos on just how low oil and metal prices may slide. Also check out Trade Financing Matters to learn how the Indian government is setting up an electronic trade receivable platform.
It's that time of the week again. Check out today's Best of Roundup, giving you the most noteworthy articles of the week published around the Spend Matters Network. Learn about the Global Soap Project on Spend Matters, and on our Spend Matters UK site, read how young professionals view procurement. MetalMiner features articles on a special recent LME event and Trade Financing Matters talks about the invoice auction market. Enjoy and happy Friday!
In our previous installment of this series, we highlighted the concept of 3 basic types of value networks: physical, informational and financial. In any network guided by the invisible hand, when 2 firms in a physical supply network want to direct-connect and exchange information, they are happy to consider buying tools to connect or getting that information integration served up as service (and priced accordingly, based on the value of the information integration – not priced according to the value of the goods and services themselves). On the tools side, an increasing number of P2P providers have the ability to create “virtual catalogs” that enable a multi-supplier experience (which may also feature punch-out supplier catalogs – including “double punch-out” or “transparent punch-out” functionality) with an Amazon-like interface and even associated requisition approval workflow if needed.
Happy Friday! Make sure to check out our favorite articles of the week published around the Spend Matters Network. Spend Matters offers an in-depth look at Deem – the "B2B Phoenix" – and our UK sites provide insightful case studies and even an interview with a clown. How does this apply to procurement? Read on to find out. Also, learn about LME warehouse and product changes on MetalMiner and about Seller Electronic Invoice Marketplaces on Trade Financing Matters. Enjoy!
Before your weekend begins, check out the most noteworthy and popular posts this week from the Spend Matters Network. Spend Matters discusses vendor management system and spend management provider solutions, as well as the recent Coupa/ZenPurchase merger. Our UK sites listed the worst procurement interview questions, talked about collaborative buying in the public sector and more. Also, check out our platinum update on MetalMiner and read up on electronic invoice marketplaces at Trade Financing Matters. Happy Friday and enjoy!
It's Friday! Time for this week's edition of the Best of Roundup - giving you the latest and most noteworthy articles published around the Spend Matters Network.
Welcome to this week's Best of Roundup - giving you the greatest and latest in the Spend Matters Network. Enjoy!
We have previously reported on Amazon’s recent foray into B2B via e-procurement application integration, highlighting numerous areas where Amazon (or any online B2B network) needs to focus to ensure robust support for buy-side requirements. In this Spend Matters PRO series, Spend Matters Chief Research Officer Pierre Mitchell analyzes the bigger picture e-commerce opportunity in this massively complex market. We will be using Amazon as an entre to this discussion on the implications for providers, practitioners and the broader market ecosystem. Part 1 frames the broader discussion for this series. We begin by explaining and sizing the market opportunity.