Yesterday Coupa published a press release announcing that Thomas Kase, a former Spend Matters analyst, joined the cloud spend management vendor. I had the great pleasure of working with Thomas for many years and wish him the very best of luck in his new endeavor. In light of the news, I wanted to take a moment to highlight the confidentiality clauses that a technology analyst must adhere to, a requirement here at Spend Matters and Azul Partners as well as at other firms.
General News Content
IBM has been looking for new lines of business to support future growth for a while now, and a recently submitted patent may just offer that. The price per ton for the cobalt, which is a component of lithium-ion batteries, has soared nearly 70% this year. Afternoon Coffee brings you the latest in procurement and supply chain news.
As curious human beings with varying levels of self-doubt, we’re all a bit taken with “expert” advice. If I see an article about losing weight or getting rich, I’m reading it. Now, I may not qualify as an expert, but fellow procurement and sourcing professionals often ask me for advice on moving from the corporate world to freelancing. Looking back, I can admit that my thought process was probably not as thorough as it could have been. So, in the same vein as lists of what doctors tell their own friends about common ailments, here are three things to know as you determine whether freelancing is for you.
Earlier this month I had the opportunity to attend VMSA Live in Phoenix, Arizona. Having attended nearly all of the contingent workforce industry conferences (there are not many to chose from), I would describe my experience at VMSA Live this way: It was not your grandfather’s contingent workforce conference. Or to put it another way, as one of the nearly 100 contingent workforce managers in attendance said, “This is the conference of the future.”
Spend Matters welcomes this guest post from Verity Michie, Market Analyst at Mintec.
Last year in June, we asked whether the cotton price recovery continue? The answer was yes, it did, all throughout 2016 and into 2017. But now the real question we need to ask ourselves is how much longer will the price continue to rise? To answer that question, we must understand why prices rose to almost three-year highs in the first place.
Spend Matters will release its fourth annual “50 Providers to Know/50 Providers to Watch” lists on May 22 in conjunction with the annual ISM conference. In addition to taking an active role in the programming, the Spend Matters team will be handing out recognition plaques to vendors on the exhibition floor. Jason Busch and Pierre Mitchell will also also co-host a Q&A webinar on Wednesday, May 31, at 1 p.m. CDT, to explore what you should know about vendors on the 2017 lists.
Accenture Invests in and Partners with WorkMarket to Help Enterprises Address the Future of Work — Now
Professional services firm Accenture has taken a minority share in Work Market, a “work automation platform” business founded in 2010. Accenture and Foundry Group together invested $25 million in this most recent round. Between June 2010 and January 2015, Work Market raised $41 million in four rounds; this most recent round raises the cumulative total to $56 million.
Afternoon Coffee: Riskmethods Receives €13.5 million in Series B, Lighthizer Inches Closer to Trade Rep Position
Riskmethods announced Wednesday it had completed its Series B financing round with an investment of €13.5 million, according to a press release. The Senate finance committee voted 26–0 Tuesday to advance Robert Lighthizer one step closer to the position of U.S. trade representative. Afternoon Coffee brings you the latest in procurement and supply chain news.
In case you missed it, Spend Matters launched the third part of its first SolutionMap early Tuesday. The most recent release focuses on eight procure-to-pay suite solution providers, while prior entries of Spend Matters’ Q2 2017 SolutionMap series featured e-procurement and invoice-to-pay solution providers. Also, Work Market announced Tuesday it had raised $25 million from Accenture and Foundry Group. Afternoon Coffee brings you the latest in procurement and supply chain news.
We are nearing the end of our series of Q&As with the winners of this year’s ISM/Thomasnet.com 30 Under 30 Rising Supply Chain Stars Recognition Program. Today’s Q&A is with Subhash Segireddy, who works on supply chain network design at Cisco. Segireddy started his career at Tata Motors in India, managing electrical commodity suppliers. This piqued his interest in supply chain, and two years later he enrolled in the master’s program in supply chain engineering at the Georgia Institute of Technology.
Afternoon Coffee: Suppliers to Struggling US Retailers Grow Hostile, Manufacturers Failing to Make Necessary Investments in Digital
Bankruptcies at several US retailers have their suppliers on edge, with some devolving into angry protests as manufacturers demand payment for their work. Automotive and industrial equipment manufacturers are failing to make necessary investments in digital technologies, putting themselves at risk for losing market share. Afternoon Coffee brings you the latest in procurement and supply chain news.
Last Tuesday, President Donald Trump signed an executive order to review the H-1B visa program, which brings 85,000 highly skilled foreign workers to the U.S. every year. The executive order was long coming. Critics of the current program argue that since workers under the H-1B visa cannot leave for another employer without starting the visa process over again, employers can give them lower wages than what American workers would receive. But what about the robots?