Tagged Content: L1

Procurement Problems and Possibilities: What the Greece Debt Crisis Means for the Supply Chain

World transportation Greece’s trade partners are no doubt worrying what the country’s debt crisis will mean for them in the coming days, weeks and beyond. Imports and exports in and out of Greece will likely be impacted immediately this week (if not already) and those that do business with Greek companies may have to look elsewhere for supplies and for selling their goods. The Spend Matters Network analyst team has offered their expert opinions on what this situation means for procurement. How will suppliers working with the Greece government get paid? Will they get paid? And what happens if Greece exits the Euro? Our experts weigh in on these procurement questions.

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Is Procurement Doomed? The Big Debate (From a British Pub)

- July 6, 2015 8:10 AM | Categories: Perspective, Procurement, Procurement Commentary

deabte1 Recently, my colleague Peter Smith and I collectively enjoyed the banter, good company and cheer of one of the Spend Matters UK/Europe Pub Debates. During the debate, I argued for the motion that procurement is doomed – specifically I cam up with a coherent argument that as of 2015, the digital revolution and other factors will make procurement functions a thing of the past by 2025. The premise is that procurement is going to go the way of the chief operating officer inside many companies – that is, away – is important to delve into, and some factors in the debate should scare procurement into action.

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Fourth of July Celebration Costs Top Last Year: A Roundup of Holiday Spending Stats

- July 3, 2015 6:22 AM | Categories: Industry News, Price Forecast, Spend Analysis

fireworks It’s time to celebrate America the beautiful with barbecues, fireworks, parades and red, white and blue apparel and decorations. Spend Matters has rounded up spending and other interesting data on the Fourth of July holiday. Find out below how much we spend on food, flags and what city has the biggest fireworks show. According to the National Retail Federation, this July Fourth, patriots will reportedly spend $6.6 billion on food alone. And, on average, US consumers will spend $71.23 each, which is higher than 2014 Independence Day spending when consumers spent $68.4 each, on average.

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Spurious Correlations, 150% Cost Savings and How to Justify Your Next Procurement Project

data Last week, I presented on a webinar alongside Tim Cummins, the founder of International Association for Contract and Commercial Management, and Ulf Zetterberg, the CEO of Seal Software. I was sharing some analysis that I did on Apple Inc.’s purchase agreement templates and how contracts sometimes can create more relationship risk than they prevent. On the risk side, I referenced a great case study that David Simchi Levi’s team at MIT performed for Ford. On the reward side, I mentioned the oft-quoted research by John Henke regarding his ‘Working Relations Index” research in the Automotive industry. What followed was a classic example of correlation being used to infer causation.

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New McKinsey Report Brings WIPs into Focus

Analysis If you’re still skeptical about the relative importance of work intermediation platforms (WIPs) as a potential game changer in enterprise direct sourcing and engaging the contingent workforce, a recent report by McKinsey & Company may help you make up your mind. The report, “A Labor Market that Works: Connecting Talent with Opportunity,” takes a wide-angle perspective on the increasing role of platforms in the total labor market, not just the growing contingent workforce segment. The analysis of labor platform developments emphasizes the likely macroeconomic impacts, although it only scratches the surface of how enterprises are responding to these trends.

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Work Market Expands To Third-Party Services Providers — Why You Should Care

workforce Work Market Inc., a leading work intermediation platform (WIP) that helps companies find, manage and pay their freelance and independent contractor workforces, announced this week new capabilities that would essentially extend the scope of what it calls its freelancer management system (FMS) to not only engage independent workers directly but also to engage them via other third-party services providers. The announcement appears to apply to the IT field services segment of Work Market’s business, which addresses technology original equipment manufacturers' (OEMs) need to dynamically engage and dispatch field service technicians to address end-customer service requirements. Rather than maintain its own captive field forces across broad geographic territories, some OEMs have turned to Work Market and its talent pools and marketplace of contractors as an efficient way to respond to end-customer service needs.

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Procurement Lessons From a Surprising Source: the 1980s

Business man and meeting table background Big hair, leg warmers, heavy metal, John Hughes films – these are all things that immediately come to mind when we think of the 1980s. But what else did that decade bring? According to Pierre Mitchell, the ‘80s brought about a business transformation to total quality management. Pierre expanded upon this thought in a recent article published on our Chief Procurement Officer website: What Procurement Can Learn From Quality Management in the 1980s (Besides Bad Hair).

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Ingredients for Accounts Payable-Procurement Alignment

recipe There’s a tremendous library of technology vendor-sponsored drivel regarding the supposed alignment of A/P and procurement. This nonsense talk often has the people involved in purchasing more closely linking transactional procurement activities to accounts payable automation. Despite the simplistic rhetoric, the unfortunate reality inside the majority of companies is that A/P and procurement are far from being connected, and any tech initiatives to date around A/P automation and e-procurement have largely happened more through happenstance than coordination. This begs the question: What can be done to bring A/P and procurement – and by extension treasury and other aspects of finance teams – closer together when it comes to purchase-to-pay, payables and working capital programs?

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The Washington Post Launches WIP for Freelancers

newspaper The Washington Post announced Monday the launch of what it is calling The Washington Post Talent Network, a private, homegrown work intermediation platform (WIP) that will be used to manage the Post’s far-flung network of freelance contributors. In some ways, it seemed like it was only a matter of time before something like this would emerge in the news and media industry – but the big surprise here might be how.

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Spend Matters Gets Serious With Services Procurement, Brings New Expert Analyst Onboard

IMG_2478-228x138 You may have heard his name before, and you certainly have seen his byline pop up a number of times in the last couple of months, but now Andrew Karpie is officially a Spend Matters analyst. Andrew recently joined the Spend Matters team full time, which means you are about to see his name on our site a lot more often. Andrew is our Spend Matters expert in the services procurement and contingent workforce field. He brings more than 30 years of experience in business analysis and research surrounding technology application, specifically solutions related to the services supply chain. Andrew has explored and written extensively about how information technology is impacting the supply chain and staffing industry. He brings all this knowledge and experience to the Spend Matters analyst team.

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Increase Visibility, Improve Supplier Management: A Procurement Wish List

Data puzzle concept How can finance and procurement better collaborate to improve supply and spend management? Well, Pierre Mitchell, chief research officer, has already giving us a number of ways this can be accomplished in his Chief Procurement Officer series "17 Ways Finance Can Help Procurement." The series is based off a recent snap poll Spend Matters and the Institute for Supply Management conducted on the alignment between finance and procurement organizations. Each new post checks another number off our list. In the last week, Pierre has checked off Nos. 12 and 11 – read on to check out the full articles on Chief Procurement Officer!

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CXC Corporate Services Underscores Growing Need to Field and Manage Global Contract Talent

81F9A2BA2D This week, CXC Global, a 22-year-old provider of contractor compliance and payments with a global footprint, launched a new entity, CXC Corporate Services, to directly engage with and address the unique needs of large enterprises managing extended contractor workforces in different parts of the world. It’s an interesting story of how the global supply chain for contingent talent is evolving, as well as a heads-up to services and contingent workforce procurement professionals who will likely be facing increasing demands to directly engage contract talent in different parts of the world.

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