Sourcing & Categories Content

Sole Sourcing and Lack of Weapon Design Experience to Blame for Pentagon’s Munitions Procurement Woes

The U.S. government is facing considerable challenges with its munitions procurement, as reported by Defense News in an article memorably headlined “The U.S. is Running Out of Bombs — And It May Struggle to Make More.” According to the latest annual Industrial Capabilities report from the Pentagon's Office of Manufacturing and Industrial Base Policy, sole sourcing and a lack of weapon design experience are crippling the U.S. industrial base.

Fiverr Delivers A New Slant on Independent, Specialized Knowledge Workers

Coworks

Fiverr, a marketplace for creative and digital services, recently published a unique study focused on independent, specialized knowledge workers (ISKWs). The study, conducted in collaboration with the market research firm Rockbridge Associates, seeks to provide a better understanding of ISKWs — “where [they] live, what kind of work they do and how much they’re growing as a population and in terms of revenue earned.” From our perspective, the study is unique in its sharp focus on ISKWs and its sophisticated, transparent methodology. 

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5 Tips and Considerations for Your Next Spend Analysis RFP

spend analytics

In a rapidly changing market of technology and service delivery providers, it has become increasingly challenging for many of today’s procurement leaders to both keep up with the pace of change to find true differentiation across the evolving vendor community. Most of the leading procurement organizations we have worked with in the past 12 months are focused on the following strategies: fold more spend under management, more quickly identify and tackle savings opportunities, and drive more value to internal stakeholders. Spend analysis is core to meeting these strategic goals. 

Procurement with Purpose: Easy to Say, Hard to Do

hidden workers

One of the big themes at last week's SAP Ariba Live was “procurement with purpose” — the idea that procurement organizations, with their collective spending power, can use their clout to do good. When you consider that the annual transaction volume through the Ariba Network exceeds the combined annual commerce of Alibaba, Amazon and eBay — and dwarfs that of many nations— it seems quite feasible that procurement can drive change, especially since money talks. But just as only the squeaky wheel gets the grease, only the loudest money is heard above the din.

Hospitals Can No Longer Afford to Pay the Bill for Increased Manufacturer Profitability

locum tenens

I recently read a Forbes piece penned by my friend Paul Martyn. Essentially, it took hospitals to the woodshed, pointing out how many of them remain victims of Stockholm syndrome. It’s an unfortunate analogy meant to describe the state of mind of far too many acute care supply chain practitioners. The implication here is that hospital purchasing staffers tend to identify with the goals and objectives of their “captors.” In this case, the captors are the major pharmaceutical and device manufacturers (OEMs).

Food and Beverage Industry Leads its Peers in Sustainability Performance, Ceres Finds

amazon

Growing consumer demand for transparent food supply chains and responsible sourcing has pushed the food and beverage industry to embrace sustainability to a larger extent than other sectors, according to new research from Ceres, an NGO focused on sustainability. Ceres examined how more than 600 of the largest publicly traded U.S. companies are responding to environmental risks, human rights abuses and other threats falling under the umbrella of sustainability. The organization found that food and beverage companies are generally ahead of their peers.

Sourcemap and BRAC U to Launch a Digital Map of Every Garment Factory in Bangladesh

We were intrigued to learn recently about a project to create a digital factory map of Bangladesh, a joint effort from BRAC University, Sourcemap and the C&A Foundation. Officially called the Digital Ready-Made Factory Map of Bangladesh, the project is set to launch this summer. A team of data collectors from BRAC University and Sourcemap are currently visiting every garment factory in Bangladesh and gathering GPS-linked data points on workers, factory facilities, certifications, types of products manufactured at the factory, and companies that source from the factory.

Catalant’s Reimagining Work 20/20 Report: Good Imagination or Perfect Vision?

Catalant, a provider of innovative solutions to access and maximize the value of expert talent, recently released a report entitled “Reimagining Work 20/20.” In essence, the report focuses on the evolving relationships among organizations, expert workforce and the so-called future of work. Reimagining Work 20/20 examines why and how organizations are already or will need to begin a transformational journey (our words) to arrive at place where they can take full advantage of what Catalant calls the “radically agile workforce.” It also acknowledges and cautions that the journey to becoming an agile organization will be a challenging one.

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The Perfect Storm for NHS Procurement

As one of the top five largest employers in the world and an average annual expenditure of £130 billion, the National Health Service (NHS) and how it spends its budget is a widely debated topic. Moreover, harsh restrictions on the public purse mean that healthcare procurement professionals are tasked with providing the best value for every pound spent while still protecting the quality of frontline care. And while we often see pressure on resources and cost of care making the media headlines, procurement professionals in this sector face a host of other challenges too.

Apple Expands Supplier Audit, Publishes Results in Latest Annual Progress Report

hidden workers

For 12 years, Apple has published reports on its supplier audits, and the 2018 Progress Report was released earlier this month. In 2017, Apple conducted audits of 756 suppliers in 30 countries, including 197 suppliers that were audited for the first time. The expanded audit unearthed 48 “core” violations of Apple’s supplier code of conduct, double the number from the year before. However, the good news is that the overall trend is toward greater compliance.

Product Quality Top Concern Among Europe’s Sourcing Professionals in Recent Survey

Global Risk Management Solutions (GRMS)

Concerns over product quality are top of mind for European companies that source abroad, according to Amber Road’s recently released 2018 E.U. Sourcing Survey Report. The complexity of international trade compliance is a close second. This insight comes from a survey Amber Road conducted of more than 150 respondents from companies based in the European Union. Sixty-four percent of the respondents represent companies that source from more than 10 countries, and 54% have at least 100 suppliers across their sourcing regions.

Applying Strategic Sourcing to Talent Management: What You Need to Know

interview

By 2020, more than half of the U.S. workforce will be involved in contingent work. Companies are rethinking their talent management strategies accordingly, and those that are familiar with strategic sourcing may already be a couple steps ahead. How strategic sourcing can be applied to talent management was the topic of a webinar that Spend Matters analysts Jason Busch and Andrew Karpie presented last month with NextSource’s chief executive, Catherine Candland, and senior program director, Jim Gallagher. NextSource has been in the contingent workforce business for the past two decades.