Tagged Content: L2

From Cuba With Love – Procurement Lessons From our Correspondent’s Visit

- December 19, 2014 2:38 AM | Categories: Analysis, Commentary, Procurement Commentary

Apropos the recent announcements regarding Cuba, I thought I would share some pictures and my thoughts of the country from my stay in Havana in 2010. Inspired by my colleague Pierre Mitchell, I've injected some of his humorous procurement analogies along the way. Make no mistake, though, this is a brutal place to be, especially if you are Cuban, but making fun of dictators (at a safe distance) is good sport, so here we go.

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J.P. Morgan Loses Its CPO

- December 18, 2014 6:29 AM | Categories: Breaking News, Industry News

J.P. Morgan is without a chief procurement officer. Richard Buccarelli, who served as CPO and had been with the bank since 2009, left the company several weeks ago. Why Buccarelli left was not made clear, and it's unclear what his next move may be.

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2015 Spend Matters Prediction: Configure to Your Heart’s Content

- December 16, 2014 6:24 AM | Categories: Analysis, Technology

Our next 2015 prediction: Configure! Configuration as part of solution deployment in a SaaS/cloud environment is becoming more commonplace than software-centric, code-level customization (mirroring trends in procurement technology adoption, generally). But configuration is more than just about software and accepting some outside standards as best practice as a starting point.

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2015 Spend Matters Prediction: Be Scared!

- December 15, 2014 10:21 AM | Categories: Analysis, Procurement Strategy & Planning

Our next 2015 prediction: Selling Fear. No, we’re not talking about some spooky Halloween-centric story. Nor are we bringing up something really freaky like the decline of procurement’s influence, charter and budget (scary enough – and somewhat true – in far too many organizations already). Rather, we suggest that procurement should focus on selling fear!

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Top 10 in 2015: Invoice Discounting and Why This Will Be Its Year

- December 12, 2014 8:08 AM | Categories: Learning / Research

With the year winding down, media outlets everywhere will be delivering their Top 10 lists. Top 10 albums of the year, Top 10 new shows of the fall season and so on and so forth. We here at Spend Matters have created our own list and proudly present it in this new, free piece of downloadable research: 10 Reasons Why 2015 Will Be A Banner Year For Invoice Discounting. Jason Busch, executive editor of Spend Matters, Pierre Mitchell, chief research officer of Spend Matters and David Gustin, executive editor of Trade Financing Matters, offer in-depth commentary on why they think upwards of 25 percent of growth can be expected next year from the Global 2000 as a result of adopting invoice discounting. Download the paper here.

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Falling Oil Prices Reduce Oil Company Spending – and Procurement Costs

- December 11, 2014 6:48 AM | Categories: Commodities, Industry News, Procurement

On Monday, crude oil prices hit a 5-year low, with the American oil benchmark trading around $63 per barrel. Oil prices had dropped 40 percent since the summer and hit a level not seen since July 2009. The impacts of these plummeting oil prices are being seen throughout the industry – from major oil companies slashing 2015 spending and production outlooks, to others cutting jobs and some considering whether or not to continue developing major projects. But there are also benefits for procurement organizations (outside of oil and gas firms).

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Exploring Supply Chain Risk: Sole Sourcing

- December 10, 2014 6:06 AM | Categories: Analysis, Supply Risk, Supply Risk Management

1414463807otqd6 A recent study by the supply chain faculty at the University of Tennessee, Managing Risk in the Global Supply Chain, highlights one key area supply chain risk many procurement organizations do not often consider as primary supply risk considerations: sole sourcing. Sole sourcing involves working with a single supplier for a given SKU, item or service.

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DHL’s Global Connectedness Index: Miles and More

- December 9, 2014 6:28 AM | Categories: Analysis, Supply Networks

As we conclude our look at some of the (very) high level highlights from DHL’s Global Connectedness Index report, we’ll end with two items that caught our attention. The first is a fascinating statistic looking at the global average distance traversed by international interactions.

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Exploring the Government Threat to Globalization: Our Continued Analysis of DHL’s Global Connectedness Index

- December 8, 2014 6:40 AM | Categories: Analysis, Supply Networks

We often take the positive side of globalization for granted. Yet the rise in anti-dumping cases (some with merits no doubt, some without) filed by US companies suggests that global trade is not necessarily free trade in an equal sense. Yet staying vigilant by not overreacting from a policy standpoint is of critical importance. In this regard, DHL’s Global Connectedness Index has some recommended guidance that we should all pay closer attention to.

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Are Emerging Economies Better Connected Than Established Ones?: Our Continued Analysis of DHL’s Global Connectedness Index

- December 5, 2014 6:34 AM | Categories: Analysis, Supply Networks

Are emerging economies better than established ones when it comes to connectivity with other nations and trading partners? Perhaps, which is at once both ironic and not on a range of levels. Regardless, this is specifically what DHL’s Global Connectedness Index suggests. The report notes, “Emerging economies are reshaping global connectedness and are now involved in the majority of international interactions. The 10 countries where global connectedness increased the most from 2011 to 2013 are all emerging economies.”

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West Coast Port Contract Negotiations Resume, But is it Too Late to Help Holiday Shipments?

- December 4, 2014 10:02 AM | Categories: Industry News, Supply Chain

Contract talks between West Coast port union workers and terminal operators were set to resume earlier this week, following a nearly month-long slowdown in port activity in Washington, Oregon and elsewhere in the region. Read on to see how these stalled contract negotiations are impacting the holiday season and the supply chain.

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The Spend Matters Gift Guide: Breakfast Sandwich Maker

- December 3, 2014 11:24 AM | Categories: Featured

Wondering what presents to procure this holiday season? The Spend Matters Gift Guide offers suggestions on what to give your friends, family or your boss this year. Today's suggestion comes from Jeff Yoders, assistant editor of MetalMiner.

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