Risk is more than just a board game. Supply risk is more than just a natural disaster messing up your company’s plans, and supply risk management is not a new topic — nor will it be going away anytime soon. But it's no time to be complacent. In this four-part Spend Matters Plus series, we provide our outlook on how best to define and manage supply risk programs in 2016, based on lessons learned from leaders. We begin with a definition of the major categories of risk that an average organization is exposed to, then discuss a risk management strategy based on global thinking and local implementation, cover risk and reward alignment as a key to adoption and conclude with a discussion of how to monitor and manage your risk management program for success.
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There's more than meets the eye to e-signatures and digital signatures. These are not simply replacements for handwritten signatures on contracts, and we are here to explain why. Jason Busch, founder and head of strategy at Spend Matters, presents: Use Cases of E-Signatures and Digital Signatures in Procurement and the Supply Chain, a new, complimentary research brief from the Spend Matters team. Jason knows where the hands on the procurement and supply chain clock land when it comes to digital and e-signatures. This research brief lays out how these solutions can play a crucial role in supporting end-to-end source-to-pay (S2P) and associated procurement processes. Get your copy today!
Last Chance to Register for Tomorrow’s Webinar and Learn Advanced Case Studies in Smarter Catalog Management
This is your last chance to register for tomorrow's webinar, Teaching an Old Dog New Tricks: Advanced Case Studies in Smarter Catalog Management. Join us at 10 a.m. CDT as the Spend Matters and jCatalog teams walk you through how progressive procurement organizations are enticing stakeholders with more nuanced approaches to support complex category-specific supply chain requirements. The old-school catalogs that often get a bad reputation are history. Advanced smart catalogs are replacing them and promoting a guided buying process essential to the procurement and supply chain world. Register today!
Happy Friday! And welcome to another edition of our weekly roundup of our most noteworthy articles of the week from our network of websites. On Spend Matters, we welcome some new staff members to the editorial team and discuss the value of M&As in the procurement tech world. Across the pond, Spend Matters UK talks about tail spend management and presents a view that perhaps Europe shouldn't be supporting SMEs. MetalMiner's metals procurement specialist Raul de Frutos offers tips on buying metals on the spot market and Trade Financing Matters shares insight on the UK's Prompt Payment Code. Enjoy!
Happy Friday! Welcome back to another edition of our "best of" roundup, giving you the most noteworthy articles of the week published around our network of websites. Spend Matters offers an in-depth look at what the pending Hubwoo acquisition could mean for Perfect Commerce, while Spend Matters UK gives readers expert advice on what procurement can learn from one unexpected source. MetalMiner tells us how a new customs bill could change the steel market and Trade Financing Matters asks the question, "How many supplier portals is too many?" Enjoy!
Welcome to the (almost) weekend and to another edition of our Spend Matters Network roundup, giving you the most noteworthy articles published around our family of sites throughout the week. Spend Matters offered insight on the latest M&A news in the procurement solution provider space and Spend Matters UK keeps our readers in the loop with conference coverage. MetalMiner gives us expert advice on the cooper market and Trade Financing Matters talks about big data in the pre-shipment finance space. Enjoy!
Welcome back to another edition of the Spend Matters Network roundup, where we give you the most noteworthy articles from the week published around our websites. Spend Matters has in-depth coverage from Coupa Inspire, Spend Matters UK introduces it "hot topic" for the month of June: tail spend management, and Public Spend Forum Europe offers insights from the recent e-public procurement conference in Porto. MetalMiner shares expert insight on rare earth, steel and aluminum prices and Trade Financing Matters discusses the White House's SupplierPay initiative. Check all the articles out here!
It may have been a shortened work week (due to Memorial Day on Monday), but the Spend Matters Network had a busy week bringing you a full range of coverage from our family of websites. Check out our roundup below of the most noteworthy articles of the week from each site. Spend Matters offers an in-depth lesson on WIPs, our UK sites talk CSR, e-procurement and more. MetalMiner provides an expert opinion on where nickel and aluminum prices are headed, and Trade Financing Matters dives into the challenging topic of working capital optimization projects. Enjoy!
Happy Friday! And, welcome to another edition of our best of roundup, giving you the latest and greatest from the Spend Matters Network. Read up on the news regarding the IBM Emptoris and Coupa partnership on Spend Matters, and delve into complex sourcing tasks over on Spend Matters UK. MetalMiner talks about all the action regarding aluminum production in the Middle East. Trade Financing Matters, too, discusses the controversial topic of palm oil. Enjoy!
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.
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.