General News Content

Afternoon Coffee: Do You Know Who Your Tech Suppliers Are? and Other Procurement and Supply Chain News

Many companies worldwide are waking up to the problem (still) of not really knowing who the suppliers of their tech components are. Consumer retailer Williams-Sonoma CFO Julie Whalen has said the company will halve the amount of goods it sources from China by 2020. And Spend Matters unveiled the 2019 Customer Insights report for Oracle, which takes a deeper-level dive into customer comments and reviews of the software company's P2P solution, as well as customer survey scoring insights, derived from SolutionMap data. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: CVS Upping In-Store Health Hubs; Coupa Reports Quarterly Earnings; DHL Releases Risk Report

CVS Health Corp said it will offer ancillary services such as nutrition counseling and blood pressure screenings in 1,500 stores by 2021. Coupa recently reported that its quarterly “total revenues were $81.3 million, an increase of 44% compared to the same period last year,” according to a release. And a cannabis supply chain platform in California gets $3 million in seed funding. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Pre-Mexican Tariffs Border Rush; The Day the iMusic Died; Contingent Workforce & Services Hot List

The Trump administration has vowed to slap a 5% tariff on goods from Mexico starting June 10 as an oblique bargaining chip on the immigration front, and it’s already creating supply chain headaches. A survey by a prominent human rights group has shown that around 80% of the world’s biggest canned tuna brands were unaware of the origin of the fish, according to Reuters. And Apple announced it will sunset iTunes. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: U.S. Trade Deficit Widens; Tesla Sued by Supplier; Air Force in the Quadcopter Drone Market

The U.S. merchandise-trade deficit "widened for a second month to the highest level since a record in December as exports dipped," as reported by Bloomberg. Lebronze Alloys has filed a lawsuit in California claiming Tesla had not paid its bills totaling more than $1.7 million. And the U.S. Air Force has announced its intent to acquire a quadcopter drone called InstantEye from Massachusetts-based research and development firm, Physical Sciences, Inc. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: China to Use Rare Earths as Trade War Leverage; Amazon to Purge Small Suppliers

Chinese newspapers were full of reports on Wednesday that China could use rare earths to strike back in the ongoing trade war with the U.S. In the next few months, “bulk orders will dry up for thousands of mostly smaller suppliers” selling on Amazon, according to three people familiar with the plan, Bloomberg reports. And as part of its company-wide digitization strategy, DHL Supply Chain is further expanding the deployment of smart glasses and wearables. Afternoon Coffee: your source for procurement and supply chain.

Afternoon Coffee: Huawei’s Beef with FedEx; Estee Lauder’s Palm Oil Supply Chain Sustainability Program

Huawei has alleged that FedEx had packages diverted for no apparent reason, according to Reuters. Magecart has launched a supply chain attack carried out against a wide range of websites that work with third-party advertising vendors. And Estee Lauder has initiated its first sustainability program for palm oil supply chains. Afternoon Coffee: your sustainable source for procurement and supply chain news.

Afternoon Coffee: Target Cuts Fulfillment Costs; Modelez Nabs New Executive VP, Supply Chain

Target has cut fulfillment costs by 90% for same day offerings. Chief Supply Chain Officer of Kimberly-Clark Corp Sandra MacQuillan has been named executive vice-president of Mondelez International, Inc. And Ford Motor Co. has teamed up with Agility Robotics to pilot an autonomous delivery robot called Digit. Afternoon Coffee: automate your procurement and supply chain news delivery — sign up for our newsletter!

Afternoon Coffee: U.S. keeps cutting Huawei ties; GEP wins Best Procurement Technology Award

U.S. legislators introduced a bipartisan bill Wednesday that proposes giving telecom providers a grant of $700 million to meet the cost of removing Huawei equipment from their networks. GEP announced that its cloud-based source-to-pay platform, SMART by GEP, "won the Best Procurement Technology Award at the 13th Annual World Procurement Awards in London,” according to a release out today. And SpaceX hit the U.S. Air Force with a lawsuit. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: UPS to spend a TON on natural gas; How Ivalua measures up to SAP Ariba, other big competitors

United Parcel Service is doing its part to support both local sourcing and the U.S. natural gas industry, as well as its own sustainability efforts, by making reportedly what will be the largest spend “for use of [renewable natural gas] to date by any company in the United States." And Spend Matters today released Ivalua’s Customer Insights report, containing both quantitative and qualitative peer-review customer user feedback on the company’s spend management suite solutions, as well as a deep-dive comparative analysis on whether Ivalua has taken the leading edge from its competitors SAP Ariba, Oracle and Coupa. Afternoon Coffee: sustainably powering your procurement and supply chain news.

Afternoon Coffee: Toyota’s Tariff Balancing Act; Ivalua’s $1 Billion Valuation; SAP’s Padgett’s Abrupt Exit

Reuters reports that Toyota Motor Corp had done a balancing act between U.S. and China even before tariffs began the trade war. Spend Matters reported earlier today both that Barry Padgett has left SAP only weeks after being named president of the newly created SAP Intelligent Spend Group (ISG), and that with its latest funding round, Ivalua has reached a $1 billion valuation — officially "unicorn" status. Afternoon Coffee: your source for procurement and supply chain (and unicorn) news.

With $60 million funding round, Ivalua reaches ‘unicorn’ status of $1 billion valuation

Ivalua, likely the fastest growing privately held source-to-pay procurement suite technology provider, announced Tuesday morning that, with its latest funding round, it has gained “unicorn” status for start-ups by reaching $1 billion in valuation.

It raised $60 million from a new investor, Tiger Global Management, and Ardian Growth, one of Ivalua’s early investors that raised its investment level. Tiger Global joins Ivalua’s founders, KKR and Ardian as shareholders, the announcement said.

Read our analysis of SAP Intelligent Spend Group and SAP’s Ariba, Concur, Fieldglass for the last 12 months

Today's news about SAP’s change in leadership at its new division ("Barry Padgett Leaving SAP and new Intelligent Spend Group") had us thinking about Spend Matters’ analysis of the group recently forming and our ongoing coverage of its components: SAP Ariba, SAP Concur and SAP Fieldglass.

Since early 2018, Spend Matters has given PRO and SolutionMap subscribers deep insights into their solutions, including a comparative analysis of SAP Ariba’s S2P offering and a look at SAP Fieldglass’ Digital Network. Subscribers also have gotten head-to-head comparisons of SAP Ariba with competitors like Coupa, Ivalua, Basware, Tradeshift and GEP. (For companies considering SAP’s procurement solutions, Spend Matters’ SolutionMap Technology Selection Services are also available for procurement organizations that want a one-to-one map between their own business requirements and functional performance).