So you have to make a decision. They say that indecision can be worse than wrong decision, but the fact remains you'll need the right team in place to deploy your spend and the right technology to enhance it. All of these moving parts point to one word: intelligence. Arguably the most important aspect of procurement, intelligence and advanced analytics are needed for better supply intelligence to boost savings and innovation while reducing risk. Smart tools are in play, as well, in delivering higher return for stakeholders. Data innovation will take center stage in Baltimore, March 14–16 at the Global Procurement Tech Summit from ISM and Spend Matters.more ▸
Many people have different opinions of IBM. Most tend to view it as a sprawling technology and services powerhouse that is too big to fail, but it also seems to constantly be fighting every technological shift that many predict will bring it down. But IBM is also an extremely innovative firm and is actually the world’s top generator of patents. I’m personally very excited to see what they’ve been cooking up lately when Dan Carrell comes to our upcoming procurement technology conference in March to share some of IBM’s developments.more ▸
Hourly, part-time workers comprise a significant percentage of the U.S. workforce. When seasonal demand requires business to augment their workforce, as retailers do by hiring extra hands on Black Friday, shifts need to be filled with an appropriately skilled worker, in compliance with federal employment standards and, most of importantly, quickly. That’s where our WIP of the Week, Shiftgig, comes in.more ▸
The competition for talent is growing, and it is changing the way companies are connecting with skilled workers. This is especially true for contingent talent, according to Colleen Tiner, senior vice president of product management for Beeline. My discussion with Tiner is part of our ongoing 2016 procurement technology provider prediction series. Tiner said self-sourcing, which has already proven successful for organizations, will continue to drive time and cost efficiencies for procurement this year.more ▸
Spend Matters welcomes this guest post from Jay Lash, principal consultant at Compass Rose Advisory.
With all this talk about Uber and Airbnb and the way these “shared economy” platforms are changing our lives, I thought I would help to explain how and why this will also impact staffing and how work gets done in the future. These human cloud platforms are all about “Yield”. Let me explain.
Services procurement is harder than indirect goods procurement. The former is more complex to model and manage than using a catalog-based SKU-like approach. Services spend is also embedded and hidden in other spend areas. For example, contingent labor spend reaches much further than just temp staffing spend. Now, you may ask, “Can’t services be modeled like SKUs? Can’t there be a ‘service catalog’? The answer is, “Yes.” But the traditional catalog-based solutions don’t model the “asset” behind the service — the worker.more ▸
This is your last chance to register for this morning's webinar and learn The Opportunity for E-Invoicing in the Federal Governmentwith Jason Busch, founder and head of strategy at Spend Matters, and Tungsten. This brief 30-minute presentation will include clarity and insight on what e-invoicing means to the federal government and public sector bodies in Europe.
Attention CPOs, procurement executives and other industry professionals: Are you still feeling the hurt from a struggling economy? Do you need to get the most out of your spend with fewer employees at your disposal, while using the technology available to reduce human cost? Let Spend Matters and ISM inform your spend decisions and clue you in on the technological capabilities coming down the pike at the first ever Global Procurement Tech Summit.more ▸
Today, we present Experfy as our WIP of the Week. Experfy, launched commercially in 2014 within the Harvard Innovation Lab, is a work intermediation platform that allows businesses and expert data scientists to engage one another, conduct a project and complete the payment cycle. Experfy describes itself as a “Managed Marketplace [that] brings experts on-demand to solve [businesses’] pressing data, analytics and business intelligence problems.” In addition to two types of platform-based exchange or marketplace offerings, Experfy also offers businesses a set of consulting and advisory services.more ▸
No crystal balls, no soothsayers — just hard timelines and recommendations from the Spend Matters experts on what the future of e-invoicing looks like for the U.S. Federal Government. Join Jason Busch, founder and head of strategy at Spend Matters, on Tuesday, Feb. 9, at 10 a.m. CST, for the webinar The Opportunity for E-Invoicing in the Federal Government.
U.K.-based procurement and consulting service provider Efficio has acquired Dedoko, a web application development company that had previously contributed to the development of Efficio’s procurement technology suite. Efficio said Dedoko developers have been working to create custom procurement modules for Efficio’s eFlow platform. Dedoko developers, centered on the development of Efficio’s cloud-based applications, will be transferring to the Efficio team following the acquisition and will continue developing the eFlow platform.more ▸
What does the future have in store for e-invoicing in the U.S. federal government? Join Jason Busch, founder and head of strategy at Spend Matters, and Tungsten for a 30-minute webinar next Tuesday, Feb. 9, at 10 a.m. CST — The Opportunity for E-Invoicing in the Federal Government.