Tagged Content: L1

Supply Analytics Will Become Routine, Predictive: Accenture

- July 31, 2015 8:13 AM | Categories: Analytics, Supply Management, Technology

network You won’t get any debate from us that supply analytics must form a key basis of future procurement technology investment. But whether supply analytics, as Accenture defines it in its recent report, Procurement’s Next Frontier – The Future Will Give Rise to an Organization of One, becomes as routine as the authors argue is open to debate. A lot will have to happen to make this vision a reality. What Accenture describes is complicated and daring. It’s also going to prove, perhaps, the most challenging tech vision suggested in the paper to realize.

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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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Accenture and the Future of Procurement Technology: The Virtual Company Mall

Virtual company mall In Accenture’s daring report, Procurement’s Next Frontier – The Future Will Give Rise to an Organization of One, the authors spend a bit of time exploring the future of procurement technology. In fact, they suggest 5 areas that are likely to augment or replace today’s current tech investments. One of these technology areas Accenture describes as “the virtual company mall.” In Accenture’s words, the virtual mall will comprise a cloud-based set of pre-approved private and public “shops” from which internal customers can select goods and services, supported with business logic that guides their purchasing based on policies, preferred suppliers and contracts. But what will it take to for this virtual supplier mall to become a reality?

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Examining the Future of Procurement Technology: Accenture’s Take on 5 Key Solution Areas

future Earlier this summer, Accenture published one of the most inventive and daring pieces of research on the future of procurement to date: Procurement’s Next Frontier – The Future Will Give Rise to an Organization of One. Based extensively on interviews with procurement organizations as well as some of the best minds within the firm, it’s anything but the conservative white papers that often come out of consultancies. In fact, I would go so far as to say it’s daring – and very daring for Accenture! Authored by Kai Nowosel, Kris Timmermans and Abigail Terrill, the paper argues that procurement will fundamentally change in structure, integration and digital enablement. Central to the argument of how the new procurement organization will operate is an evolution of technology.

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How Has a Supplier’s Cost Structure Changed Over the Past Decade?

- July 27, 2015 8:32 AM | Categories: Commodities, Suppliers, Supply Chain

supply Spend Matters’ Pierre Mitchell and MetalMiner’s Lisa Reisman offer their perspectives on how a supplier’s cost structure has changed over the past decade. From regulatory impacts to labor productivity gains and volatile commodity environments, these shifts have dramatically impacted the notion of the “supplier’s cost structure.” Learn how these 2 experts consider several factors and chime in with your own questions to take the discussion further.

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East Coast Shipping Surge May Become the Norm – Companies Increasingly Turning to Atlantic and Gulf Ports

- July 24, 2015 8:34 AM | Categories: Industry News, Logistics, Supply Risk, World Trade

KONICA MINOLTA DIGITAL CAMERA After experiencing months of slowdowns at West Coast ports due to ongoing labor negotiations in the last year, a number of companies have officially switched shipping routes and turned to the East Coast to deliver and unload their products. East Coast port traffic has increased 15% so far this year, and West Coast ports have lost 4% of traffic, according to a recent report from US import and export data company Zepol. The changes are due to a “hefty chunk” of businesses switching to Atlantic and Gulf ports in 2015, even before the expansion of the Panama Canal is fully complete, the research firm reported.

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Airbnb Revamps Business Travel Program

plane From a luxury penthouse in Tokyo to a modern loft in Amsterdam – bike included – the number of places for business travelers to stay during corporate trips continues to grow. And, Airbnb is making it easier for corporate travelers to avoid stuffy hotel rooms and opt for alternative spaces like these while traveling for work. This week, the hospitality company announced the global expansion of its Business Travel program, adding a number of tools to the suite to increase visibility into employees' travel plans and spending. Since Airbnb’s Business Travel program launched in July 2014, it has seen 700% growth and now has more than 250 companies as customers, including big names like Google and Facebook. Currently about 10% of all rentals on Airbnb are used by business customers. Other data show business travelers enjoy Airbnb rentals more than hotel rooms and tend to stay longer in the rentals compared with hotels. Read on to find out what we think makes Airbnb so attractive to business travelers.

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The Difference Between Online Freelancer Marketplaces and Freelancer Management Systems

hands holding jigsaw As a recent McKinsey report convincingly documented, the world has entered a digital age in which work arrangements are becoming increasingly intermediated by information and communications technology. Long gone are the days of newspaper ads and faxing resumes. Even job boards, which allowed forlorn hirers and workers to find one another through digitized resumes and keyword searches, are starting to seem like columbaria. Today hundreds of online platforms support 100% technology-enabled, end-to-end work arrangements – effectively source-to-pay solutions. These new technology-enabled ways of arranging work have created enormous new opportunities, McKinsey suggests. But they also bring new problems. I have noted over the past several months pervasive confusion in the usage of 2 terms that really mean 2 different things: online freelancer marketplace (OFM) and freelancer management system (FMS). The differences are important, so I’d like to set the record straight.

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Online Consultant Marketplace Expert360 Raises $4.1 Million – Should Services Procurement Take Note?

disrup Expert360, a Sydney, Australia-based online marketplace platform for high-level consultants, announced Monday it raised a second round of funding totaling $4.1 million. The startup, founded in 2012 by 2 former Bain & Company management consultants, Bridget Loudon and Emily Yue, raised $1 million of angel funding in 2014. Original funders include angels like Gary Swart, the former CEO of oDesk and now an Expert360 advisory board member. It is now topped by the recent venture round, supplied by a group of APAC institutional and private investors, led by the Russian venture fund Frontier Ventures. Expert360’s funding news not only demonstrates ongoing investor interest in this emerging and rapidly developing contingent workforce solutions space Spend Matters refers to as work intermediation platforms, but also spotlights an important vertical segment in that space, which focuses specifically on high-level management consulting talent engagements.

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The Good the Bad and the Procurement Genie: The Magic Coming to the Contingent Workforce Space

black-and-white-man-person-street-art-large The bad news: The act of procuring a contingent workforce is about to get a whole lot more complicated. The good news: The changes coming to the contingent workforce space will be revolutionary. The changes will also be disruptive at times, too, but many procurement organizations are already ramping up their contingent workforce programs, and, as Andrew Karpie wrote in a Spend Matters Plus article earlier today, have already started to rub the magical procurement genie bottle.

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Spend Visibility as a Service: Searching for High Value Options

- July 17, 2015 6:45 AM | Categories: Analytics, Best Practice, Savings Tracking

spend You should never be surprised how little technology many large firms have when it comes to procurement – and the most foundational procurement technology is spend analysis. One of the problems in gaining spend visibility for companies that are early in their procurement transformation journey is getting the funding for this capability. It’s a real catch-22 situation. So how do you get this capability and not be doomed to building your own hobbyist tools using basic Microsoft desktop options?

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Freelancer Management Systems: The Origin and Destiny of a Species

man2 The concept of an FMS is quite new. It’s hard to find any evidence of this term or the concept designated by it prior to the end of 2013. Over the first 3 quarters of 2014, a number of technology providers pushed FMS into the marketplace, and by fall the analyst community had picked it up as a hot topic. This article traces the origins of freelance management systems over their brief history and reviews the concept behind them, as well as touches on the possible destinies of FMS and the emergence of competitors in a more expansive digital ecosystem, now developing to support direct engagement between increasingly talent-strapped enterprise business users and the growing population of independent workers.

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