Tagged Content: L1

Maven, an ‘Expertise-as-a-Service’ Platform: WIP of the Week

Maven Maven, launched in 2008 in San Francisco, is a work intermediation platform business that provides enterprises with a set of knowledge-based services, utilizing various populations or communities of expert talent (Mavens). In a high-velocity, specialized information economy, rapidly obtaining very specific, reliable information from domain experts can be critical to the success of programs/initiatives (for example, developing a new drug).

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ICT Companies Need to Take Action on Forced Labor in Supply Chains: Report

- July 21, 2016 6:13 AM | Categories: CSR, Sourcing, Supplier Risk and Compliance Management

labor Many information and communications technology (ICT) companies say they are committed to addressing forced labor in their supply chains and understand the risk forced labor poses. However, a new study found many companies in the ICT industry are not following through on their promises and are not providing transparency into how exactly they tackle the issue of forced labor in the supply chain.

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Lack of Investment in Trade Compliance Training Troublesome

customs bill Procurement organizations have faced a number of new trade compliance regulations this year. Take the new Trade Facilitation and Trade Enforcement Act, as an example, which was signed into law in February. Or, the new Cuba trade agreements developing now that sanctions have been lifted. And now, with Brexit vote impacts looming over procurement and supply chain organizations, companies may have additional trade rules to consider in the near future. But a new survey shows multinational companies are not investing in trade compliance training for their employees, despite the risks of noncompliance.

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Reinventing Supplier Data and Intelligence Businesses: The Premise

computer The supplier data and information business is broken. The Spend Matters analyst team came up with this premise when we saw that a number of well-known supplier content and enrichment providers had no reason being on the 50 to Know and 50 to Watch lists this year. Our research and discussions suggest that incumbent providers in this sector have lost the confidence of the market, their clients and even members of their organizations in their ability to deliver solutions that hit the mark. Time has stopped for some — they are selling solutions better suited for the year 2005 than 2015.

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eBay Launches eBay Business Supply, a Rebrand of its B2B Offerings

- July 17, 2016 10:45 AM | Categories: Industry News, Technology

BuyerQuest eBay recently launched eBay Business Supply, a new rebrand that brings together its business and industrial category, SAP Ariba Spot Buy and eBay Wholesale Deals solutions to a single platform. eBay said that Business Supply “centralizes” the e-commerce company’s business-to-business offerings and gives companies of all sizes the opportunity to buy and sell supplies and equipment in several product categories.

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HP Introduces ‘Device as a Service’ — Yes, DaaS Really IT!

PC Hewlett-Packard recently announced a new solution offering called Device as a Service (DaaS). According to the announcement, “HP DaaS allows customers to pay one price per seat for their PCs on a monthly basis over a multi-year period. Within that subscription, they can receive the latest technology and customized services and support from HP, including PC configuration and installation, data migration, onsite support and technology recycling.” The DaaS program can also scale globally, HP said.

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Brexit: A ‘Huge Supply Chain Problem’

Brexit Much of the rhetoric around Brexit has been very political, but the global business community needs to become a bigger part of the conversation, according to Bindiya Vakil, founder and CEO of supply risk management and market intelligence solution provider Resilinc. Brexit is not a local or regional problem — it will impact companies around the world, she said, adding this is a “huge supply chain problem.”

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The ‘Soft Side’ of Enterprise Software: How Human Emotion and Empathy Play into Software Design Today

procurement technology Enterprise software design is no longer just about simplicity. Organizations expect software to be easy to use — it’s a must-have. What differentiates today’s enterprise software is user experience, according to Michele Sarko, chief design officer at SAP Ariba. “Enterprise software, to me, is transforming tremendously because there is really no excuse anymore for enterprise software to be hard,” Sarko said.

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Randstad Sourceright Leverages Recent Acquisition twago as FMS

Elemica Randstad Sourceright, one of the largest, global providers of recruitment process outsourcing (RPO), managed service provider (MSP) and integrated (total) talent solutions, recently announced it will be supporting its clients with its own version of a freelancer management system (FMS). Sourceright will leverage the technology of twago, the pan-European online freelancer marketplace Randstad acquired last month for an undisclosed sum.

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ICYMI: What Brexit Means for Procurement

- July 8, 2016 6:14 AM | Categories: Best Of Spend Matters, Industry News, World Trade

Brexit Britain’s decision two weeks ago to leave the European Union has left procurement and supply chain professionals around the globe wondering how the move will impact their organization in both the short and long term. There still is a lot of “wait and see” taking place, but in the meantime, it’s clear that organizations need to understand the possible implications Brexit could have on them. In case you missed it, we’ve rounded up our recent coverage of Brexit and what it could mean for procurement and supply chains.

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HourlyNerd Closes $22M Series C Round, Moving Beyond the Marketplace Platform Model

FusionOps funding HourlyNerd, founded at Harvard Business School in 2013, announced its $22 million Series C funding round, bringing total investment in the company to more than $33 million. The latest round was led by General Catalyst Partners with participation from Highland Capital Partners, GE Ventures, Mark Cuban, Greylock Partners and Bob Doris of Accanto Partners. The press release about the recent investment stated that the latest infusion of capital “will fund continued development of HourlyNerd's proprietary enterprise software solutions and educate the market on the future of flexible business talent.”

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Dating Apps vs. Marriage: Lessons When Considering Suite and ERP Integration

ERP integration Come on. Admit it. You (or a friend) have used a dating application with no intent of finding a lasting relationship from it. In many ways, seeking and getting into such a one-off, short-term relationship is akin to using a standalone procurement module to achieve a means to an end (e.g., identified cost savings through a sourcing event). But long-lasting partnerships and marriage are different. These both require the equivalent of tightly integrating specific needs from each “source system” — and even true “integration” in the form of joint finances, (i.e. “closing the books” together).

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