Tagged Content: L2

Thanksgiving by the Numbers: Turkey Prices, Spending Stats and More

- November 26, 2015 6:19 AM | Categories: Commodities, Finance

Thanksgiving The highly pathogenic avian influenza, also more commonly known as the bird flu, may have wiped out millions of commercial turkeys earlier this year, but the U.S. Department of Agriculture said there is no shortage of turkeys for Thanksgiving Day. Check out what Americans spend eating turkey and other Thanksgiving Day traditional foods.

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Holiday Season Tip: Improve Communication Within Your Supply Chain Organization

supply chain Shipping delays, inventory issues, changes in demand — such supply chain disruptions are inevitable at this time of year. Companies don’t always know what specific challenge their supply chain will face during the holidays, but they do know they will likely face some complication. Organizations must be able to act quickly when a problem arises, and that responsiveness is possible only when information flows more freely throughout an organization.

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The Great Staples Carve-Out and a Possible Monster Mash-Up

- November 24, 2015 6:36 AM | Categories: Finance, Industry News, M&A, Procurement

Staples In the first post of this series, I talked about procurement’s role in divestitures and more broadly in strategic planning, using the recently rumored Staples proposal to the FTC as a case study. My recommendation would be for Staples to carve out the small and medium-sized business (SMB) segment and sell it to a private equity firm that could bring an Essendant-powered supply chain that could reintermediate regional or local office products firms. But what could this be?

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SciQuest Reverses Course – Taking Rising Stock of the “Anti-Coupa”

- November 23, 2015 6:30 AM | Categories: Industry News, P2P, Technology

SciQuest We’re looking forward to getting a briefing, demonstration and related update from SciQuest on its latest 15.3 release in December. Throughout 2015, the vendor has been able to cram a significant amount of contract management, supplier management and sourcing product IP from acquired assets into a common purchase-to-pay (P2P) platform stack. This now unites deep functional “upstream” and “downstream” capabilities on a single data model, an approach that brings greater consistency than almost any other provider.

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What Do Procurement and Saturday Night Live Have in Common? Cheeseburgers, Of Course

- November 20, 2015 6:35 AM | Categories: Cost Management, Friday Rant, Procurement Commentary

burger Do you consider your procurement organization to be customer-centric? Are you really concerned about it? The Hackett Group’s report, “The world-class performance advantage: How procurement organizations are reinventing the stakeholder experience,” enumerates some very compelling reasons why you should be. What about your customers? What do they think? Are they satisfied? Or while you are efficiently and relentlessly pursuing your business mission — reduce costs and risk to drive fiscal year profitability — do they think you are more like the Olympia Restaurant?

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New MHI Campaign Brings Awareness to Supply Chain Careers

ZeroChaos Supply chain industry trade association MHI launched a new campaign this week aimed at sparking interest among young professionals to enter the supply chain field. Called #iWorkinTheSupplyChain, the campaign, which officially launched Monday, hopes to debunk the negative stereotypes surrounding manufacturing and supply chain careers, which are not seen as appealing to younger professionals, according to Morgan Cruz, marketing content coordinator at MHI said.

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ICYMI: What Practitioners Need to Know About Cloud Solutions, and What the WSJ Got Wrong

- November 18, 2015 6:20 AM | Categories: Cloud, Industry News, Technology

cloud solutions Last week, Spend Matters Vice President of Research Thomas Kase delved into the cloud solution debate and targeted what The Wall Street Journal got wrong in a recent article on the topic. Our Plus post, titled WSJ Falls Short: What Procurement Should Do in Cloud Contracting — Beyond the RFP, got the attention of the WSJ, too, and a mention in the publication’s Morning Download News report.

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Millennials Transforming the Traditional Workplace Into a More Dynamic One

millennial Services procurement professionals should start thinking about the enormous generational shift approaching. Millennials are the largest cohort the U.S. has ever seen, and by 2025, they will make up nearly half of the working population, according to Frost and Sullivan research. However, a growing number of them are also turning to freelance work, which will continue to change the way companies interact with their employees.

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3 Reasons Why Companies Are Investing Exclusively in Cloud P2P

- November 16, 2015 6:38 AM | Categories: Cloud, P2P, Technology

Cloud P2P Cloud e-procurement is procurement. It’s time to declare CD versions of e-procurement software — and in most cases, broader procure-to-pay (P2P) solutions, inclusive of e-invoicing — dead. Cloud e-procurement has not only become the de facto standard for even large companies going into new software selection processes. It is also now the perceived migration path for the majority of those organizations that we have spoken to recently that have previously deployed and installed software solutions such as Ariba Buyer, SAP SRM, Oracle eBusiness Suite or PeopleSoft SRM.

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Is a Woman the Next CPO of Your Procurement Organization?

- November 13, 2015 6:32 AM | Categories: Conferences, Diversity, Industry News, Talent Management

Women in Procurement Gender diversity in the c-suite doesn’t just benefit women, it significantly contributes to a company’s bottom line. Yet the gender gap looms large in many corporations and specifically in the supply chain and procurement industry. We discussed this issue yesterday in our initial coverage of the Gender Equality in the C-Suite and Board Room symposium, which took place in Chicago this week. One message from the conference was clear: diversity pays — it leads to better financial returns, better performance, investor interest, innovation and a better company reputation.

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‘Diversity Pays’ — Symposium Addresses Benefits of Women in Leadership

- November 12, 2015 6:14 AM | Categories: Diversity, Industry News, Talent Management

leadership It pays to have a gender-diverse leadership team at your company, one where women are represented and hold executive and board positions. That was a main message Tuesday at the Gender Equality in the C-Suite and Board Room symposium in Chicago put on by Skytop Strategies. And there is a wealth of research that exists showing the financial benefits of having a gender-diverse executive team at a company, too.

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Omnichannel Retailers Risk Survival Without Replacing Obsolete Planning Systems

omnichannel retailing Despite consumers’ increasing preference for multichannel shopping options, retailers are still using decades-old merchandise planning systems that fail to address new challenges associated with omnichannel retailing, according to a recent survey by Boston Retail Partners. Fewer than half of the retailers polled in BRP’s 2015 Merchandise Planning Survey said they plan to upgrade or replace their omnichannel planning systems in the next two years.

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