Tagged Content: General News

Spend Matters 50/50: LiveSource (MFG.com) – A Provider to Watch in 2015

- August 3, 2015 4:20 PM | Categories: Featured, Solution Providers

LiveSource (MFG.com) is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs. As the name of the parent company MFG.com suggests, this Atlanta-based company has strong roots in manufacturing. The company has gone from enabling pilot and low-volume runs of custom parts by matching suppliers with buyers to delivering a highly capable sourcing solution – LiveSource – as well as a supplier discovery via the network of qualified manufacturing firms/suppliers that the company has built over the years.

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SMP Prices at Their Lowest in 6 Years

- August 3, 2015 2:18 PM | Categories: Commodities, Guest Post, Price Forecast

Spend Matters welcomes this guest article by Emma Jayne Smith of Mintec. US skimmed milk powder (SMP) prices are at their lowest since May 2009 and have tumbled in price since the start of last year, down 54% year-over-year. The fall of SMP started in March 2014, when prices reached their highest level since 2007. SMP is a dairy product made from milk by removing the moisture content. The US is the second largest producer of SMP, after the European Union, producing 0.93 million tons annually and exporting on average 0.47 million tons a year, with the main export markets being China, the Philippines and Mexico. So, why is SMP at its lowest price since May 2009?

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Afternoon Coffee: ISM Reports US Manufacturing Sector Expanded in July, Large Oil Supply Pushes Prices Down

- August 3, 2015 12:08 PM | Categories: Afternoon Coffee

coffee mug The US manufacturing sector expanded in July, with the Institute for Supply Management July PMI registering at 52.7%. And, an excess supply of oil has caused oil prices to fall again this morning. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Spend Matters 50/50: HICX Solutions – A Provider to Watch in 2015

- July 31, 2015 3:04 PM | Categories: Featured, Solution Providers

HICX Solutions is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs. Since this British company was founded in 2004, it has expanded into a relatively global presence, with offices in London, Chicago and Dubai. It is by no means a large firm but is active in most verticals, with clients that are at the top of the list in their respective industries – whether in pharmaceuticals, manufacturing, financials or in consulting services, to mention a few.

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Afternoon Coffee: Consumer Sentiment Drops in July, UPS Buys Coyote Logistics

- July 31, 2015 12:10 PM | Categories: Afternoon Coffee

Coffee mug US consumers are slightly less confident about the economy this month compared to June. And, UPS will acquire Chicago-based Coyote Logistics for $1.8 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Spend Matters 50/50: Arachnys – A Provider to Watch in 2015

- July 30, 2015 3:18 PM | Categories: Featured, Solution Providers

Arachnys is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs. We met Arachnys around a year ago, and the firm, which has the tagline “instant worldwide due diligence,” quickly struck us as a strong candidate for our 50 to Watch list. Based in London and with an office in New York as well, the firm was founded in 2010 by David Buxton, who previously worked as an "investigator" for global risk consultancy Control Risks in Russia and Eurasia, which sounds exciting and probably was.

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Afternoon Coffee: GDP Rises, Oil Production and Inventories Fall

- July 30, 2015 12:16 PM | Categories: Afternoon Coffee

Afternoon Coffee The US gross domestic product increased at a 2.3% annual rate from April to June, thanks in large part to more consumers making large purchases on items such as cars. And, oil prices were relatively unchanged today after the US Energy Information Administration reported oil production fell by 145,000 barrels a day, marking the largest one-week drop since October 2013. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Online Legal Marketplace UpCounsel Raises $10 Million – WIPs Continue Their Rise

UpCounsel The online legal marketplace UpCounsel announced Tuesday it topped off its earlier seed rounds, totaling $4 million, with a Series A round of $10 million. This news comes just on the heels of our recent article on an online consulting marketplace, Expert360, raising additional investment. These events seem to suggest continuing interest on the part of investors and confidence in the future of online work platforms, despite the now intense controversy about the legal classification of platform-engaged workers as either independent contractors or employees.

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Spend Matters 50/50: jCatalog – A Provider to Watch in 2015

- July 29, 2015 3:03 PM | Categories: Featured, Solution Providers

jCatalog is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs.

jCatalog is a Spend Matters provider to watch because of its virtually unmatched strength in managing complex catalogs for equally complex industrial firms. These “smart catalogs” can be for products, services or both – even simultaneously when both are required in many MRO environments at the work order level.

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Polyethylene Prices Remain Subdued

- July 29, 2015 2:30 PM | Categories: Commodities, Guest Post, Price Forecast

Spend Matters welcomes this guest article from IHS.

Packaging producers saw some cost savings last year as the drop in oil prices lowered the cost for a variety of chemical products. Polyethylene (PE) is one of the largest volume thermoplastics and is utilized in a wide range of applications, with packaging accounting for the single largest market. Europe has the highest level of price increase activity as a result of the extremely short supply situation following numerous force majeure outages. This is not representative of grassroots consumption growth but rather an effort to backfill waning inventories. The situation appears to be resolving itself as we enter into the beginning of the summer vacation season when demand takes a breather, allowing supply to catch up.

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Ivalua Reports Impressive First Half of 2015

- July 29, 2015 1:22 PM | Categories: Industry News, P2P, Solution Providers

calendar Ivalua recently announced its mid-year performance results, showing significant growth for the spend management solution provider. During the first 6 months of the year, Ivalua reported 64% year-over-year growth, with renewal rates hitting 98%. New customer acquisition was also higher than in the past. We can’t say we’re surprised by these announcements, and we are looking forward to seeing the new functionalities in Ivalua’s software solution roll out. The provider has focused on bringing somewhat unique innovations to its modular procurement suite in the past 12 months – something we here at Spend Matters have noted.

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Afternoon Coffee: East Coast Ports Lack Container Warehouse Space, Walmart Tells Suppliers to Comply with Labeling Laws

- July 29, 2015 12:21 PM | Categories: Afternoon Coffee

Coffee Mug Companies may be increasingly turning to East Coast ports, but a new report shows the ports are failing to build enough warehouse space to meet the demands of incoming container traffic. And, Walmart is warning its suppliers to properly label products. The company sent out a memo to hundreds of its suppliers requiring the companies to correctly print the amount of product a package contains. Afternoon Coffee brings you the latest in procurement and supply chain news.

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