technology Content

Transforming Procurement in Real Time: Announcing a New Webinar Series



It's a bit late for spring cleaning, but when it comes to your procurement processes, there is no time better than the present to get current and get organized. Presenting a 3-part recorded webinar learning series from Spend Matters and Aquiire: Transforming Procurement in Real Time. Spend Matters' Xavier Olivera is joined by a series of guests, including from LDS Church, to discuss the benefits of real-time data and how practitioners and their peers are using it to their advantage.

Supplier Performance Management (SPM) — Lost and Found?

What if a network of suppliers responded even more favorably to a customer that persistently and artfully manages them? Almost all of the analysts who cover the supplier performance management (SPM) solution market agree there is an incremental 5%–15% in contract savings for those who do it well (i.e., for buying organizations that apply a continuous improvement discipline to their SPM practice). Those are big numbers. So why would it appear that outside of the automotive industry, sophisticated SPM practice hasn’t caught on?

3 Essential Concepts that will Enable True Workforce Transformation

As businesses gear up to enact company-wide digital transformations, many firms are realizing that these strategies must first start with their workforce. But now that the foundation for this new approach is clear, the next question is how to execute these initiatives. To craft a successful digital workforce strategy, you'll need to fully understand the tools with which you'll execute it. Here are the three essential technology concepts you need to know about — and how they're already changing the way businesses source and manage work.

The Hyper-Personalized Supply Chain is Coming: Are You Ready?

Spend Matters welcomes this guest post from Jim Wetekamp, chief executive officer of BravoSolution .

The concept of the demand-driven supply chain has been around for a decade or more. For supply chain organizations in consumer-centric markets, the model requires the ability to ramp production up and down based on demand fluctuations in short cycles. Think that change was a roller coaster ride? Well, fasten your seat belts.

The Challenges of Supplier Financing Adoption within P2P

finance

Our colleague David Gustin recently published a post detailing the results of a study on supply chain financing over at Trade Financing Matters, and I thought it would be worthwhile to expand the insights gained related to procure-to-pay (P2P) processes and solutions. In his article "5 Hypotheses Tested on Supplier Use of Supply Chain Finance", Gustin explores some conclusions from a study developed by Prof. David Wuttke of EBS Business School together with Prof. Eve Rosenzweig of Emory and Prof. H. Sebastian Heese of North Carolina State University where they observed patterns of conduct on the subject of supply chain financing.

Where Are Online Workers Located? — Oxford Internet Institute Tool Breaks it Down

In the first article of this series, Online Gig Economy Up 26% Over Last Year: Oxford Internet Institute, we covered the demand side of the global online work marketplace — specifically overall growth in projects posted in the aggregate and by region/country and occupational category. It bears repeating here that the subject workforce is what has been called “digitally delivered” labor (i.e., online freelancing and crowd work) consisting of “temporary and project-based work conducted remotely over digital platforms.” In this article, we summarize new iLabour Project research focused on the demand side of the marketplace, in particular the number of online workers (by region/country and occupational category).

Rethinking P2P Evaluations, Implementations and Extensions Over Chicken Wings

To say that most middle-to-large-market companies now understand the business case for spend management is probably fair, but as many know well, issues remain. Eating chicken wings between flights in an airport the other day, I stumbled into a conversation with a principal from a procure-to-pay (P2P) system integration firm called RiseNow. While that may sound fishy to you, the wings were actually garlic-parmesan, and the discussion turned out to be refreshingly candid, if not a little inspiring.

Indirect Spend Management: An Easy Putt for the Quick Serve Restaurant (QSR) Industry

While the market for procure-to-pay (P2P) solutions has exploded over the past decade, in terms of spend coverage, several notable blind spots remain across all industries. Usually, the gaps exist in notoriously complex areas of direct. On the indirect side of the house, the holes generally manifest in purchased services. But in the case of the quick serve restaurant (QSR) industry, the coverage problem isn’t limited to a few categories — it’s the other half of the enchilada.

On the Future of Direct Procurement Tech: An Interview with Dan Willmer, VP Sales and Operations at Jaggaer

Today we present another installment from our ongoing series exploring where manufacturing procurement technology is headed. Produced in collaboration with our sister site MetalMiner, these interviews feature questions from Spend Matters Founder Jason Busch posed to multiple experts at technology vendors on topics such as the current direct procurement renaissance, the increasing centralization of procurement departments, the volatile commodity environment and more. The most recent interview, published earlier Tuesday on MetalMiner, features Dan Willmer, vice president of sales and operations at Jaggaer.

Predictive Analytics Named Top Priority in New Survey of Category Managers

While some customers may protest that corporations already have us under heavy surveillance — spinning the metaphorical straw that is our purchases, internet history, socioeconomic data and more into predictive analytics gold — a majority of companies said in a recent survey that they are behind in their use of technology to understand and predict consumer behavior. And they’re very much motivated to improve.

‘Innovation’ the Connective Tissue to this Year’s 50 to Watch, 50 to Know Lists

The 100 procurement technology solution providers that make up the 2017 50 to Watch, 50 to Know lists represent quite a bit of diversity. From consulting to healthcare, big data to supply risk, there truly is something for every practitioner in this year's lists. But there is one unifying quality that transcends the 2017 listees: Innovation.

The Salesforce.com of Bud: Putting Some SaaS into the Marijuana Supply Chain

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As we introduced in the first part of this series, marijuana purchasing managers have long been putting up with managing orders, inventory and supplier relationships the old way. Faxes, texts, emails, Excel spreadsheets and even corkboards littered with Post-It notes were all fair game. But it wasn’t helping the buyers at the dispensaries or retail shops advance strategically. Enter SaaS platforms to save the day.