Procurement Strategy and Enterprise Strategy – Bridging the Divide

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We are delighted to bring you this thought-provoking post from Ashwin Kumar from GEP Knowledge Bank. September is a difficult month to get through; the painful and slow […]

SciQuest: Vendor Snapshot (Part 1) — Background & Solution Overview [PRO]

SciQuest

Three members of the Spend Matters team spent the start of last week at SciQuest’s customer conference in Nashville, Tennessee. The event, coming just shortly after Accel-KKR closed its acquisition of SciQuest, featured a mix of customers, prospects and partners from several different industries and market sectors. Many procurement organizations we spoke to at the event are currently using SciQuest in select areas rather than the full suite. Others, especially in SciQuest’s core historic markets of higher education and government, are using multiple modules and, in certain cases, the broader suite to support procurement requirements. We also had to a chance to spend a number of hours in the demonstration center looking at SciQuest’s latest 16.2 release in detail.

This Spend Matters PRO Vendor Snapshot explores SciQuest’s strengths and weaknesses in the source-to-pay (S2P) suite market, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor. Part 1 of our analysis provides a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider SciQuest. The remaining parts of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.

Implementing Cost Reduction Programmes – Contract and Supplier Management

Image of business contract on background of two employees handshaking

As we said here, we are in a period of considerable economic and political uncertainty for many businesses and indeed public sector organisations too.  Uncertainty […]

Procurement Agility Requires an Entirely New Platform-Based Approach [Plus +]

on-demand workforce

The single greatest consumer trend today is arguably the digitization of our everyday lives through cloud-based services served up over the internet to our mobile devices. This digitization trend has also worked its way upstream into B2B value chains, where cloud-based digital assets are increasingly wrapping themselves around physical assets and human assets to create new cloud-based services of all forms:

  • In the logistics supply chain, new platforms (e.g., Uber and Lyft) are disrupting how transportation assets are used
  • In the human value chain, new labor platforms are helping buyers discover and engage contingent workers across many channels
  • In the capital intensive asset supply chain, the internet of things (IoT) is developing new sensor-based architectures to intelligently monitor critical assets
  • In the financial supply chain, technology such as the blockchain will help create new levels of transparency in the flow of financial information


Business enterprises don’t want themselves to be “digitally disrupted” by others, so they are looking out for new supplier capabilities that they can serve up as new customer-facing services in this “everything as a service” (XaaS) world. This then becomes a defining moment for procurement, supply chain management and IT professionals who need to keep up with their internal stakeholders to become innovation-focused "gate openers" rather than control-focused "gatekeepers" — and do so with the same or less budget!

Reading Festival Review – Sunday with Tonight Alive, Good Charlotte and a Wombats Party

Reading the end

A day of traditional British summer - cloudy, breezy, a bit of sun then torrential rain.  You look at what seems to be a thick curtain […]

Reading Festival Saturday Review – with The Hunna, Sundara Karma, The Beach and Palace

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The weather was not as gorgeous as Friday, but the music was even better. The threatened torrential showers did not materialise, a quick shower first […]

Reading Festival Friday Review – the Sun, Frank Turner, Twenty One Pilots and Grime Star

Reading 2016 small

It’s not often you see a rock star enclosed in a two-metre diameter transparent red plastic sphere, running across the hands and heads of their […]

Down the Procurement Pub with Yes Minister, Proxima b, and Fatherson

Harts boatyard

I had a very pleasant pint at Hart’s Boatyard down by the River Thames near Surbiton this week, on one of the hottest days of […]

Concerned About Vendor Credential Compliance Risk? Now There May Be a Way to Rest Easier: GIS [PRO]

Supply Chain Fraud

The management of compliance risk in the supply chain must be attacked in a number of ways — almost always based on the organization of the right data and information. We recently had the opportunity to speak with David Bartley and Patrick Espie of General Information Services Inc. (GIS) to learn about the company’s latest offering, vendor credentialing management (VCM), which effectively enables companies to manage a certain dimension of compliance (credentialing) risk in their supplier network.

GIS is one of the top employment-related background checking service providers. The 50-year-old company was listed on the 2016 Workforce Magazine “Hot List,” where it was reported that the company served more than 2,350 companies by processing employment-related screenings on more than 9.2 million people annually. Among GIS’ client companies are some very large ones, including one-sixth of the Fortune 500. GIS prides itself not only on its information and technology but also on its high level of service (provided by a client services workforce located entirely in the U.S.).

Statess (State of Flux): Vendor Snapshot (Part 3) — Competitive & Summary Analysis [PRO]

supplier management

Statess, a supplier management technology solution developed and owned by State of Flux, a consultancy, competes in a sector that is confusing for providers, let alone procurement organizations. The fragmentation of the supplier management technology market can make it difficult for procurement organizations to create the right provider shortlist and select the optimal technology to meet their needs. Statess is an upstart competitor in this highly complicated sector, although one not as well known as perhaps it should be, owning to the limited sales and marketing investment of its parent company relative to peers.

This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering Statess offers a competitive analysis and comparison with other supplier management providers. It also includes a user selection guide, user interface and user experience (UI/UX) analysis and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep dive solution overview, a SWOT analysis, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider State of Flux and the Statess product line.

Statess (State of Flux): Vendor Snapshot (Part 2) — Product Strengths & Weaknesses [PRO]

supplier network

There are comparatively few sourcing and supplier management technology providers that specialize in the management of strategic supplier relationships. Statess, a vendor based in the U.K. and wholly owned by State of Flux, a consultancy and services firm, is one of them. What State of Flux originally launched as a relatively simplistic toolset for supplier performance management and (corrective) action planning has grown into a full-fledged supplier relationship management (SRM) solution that ecompasses supplier information management, performance management, risk management, governance and relationship management, corporate social responsibility (CSR), contract management and innovation management.

This Spend Matters PRO vendor snapshot explores Statess’ strengths and weaknesses in the supplier management area, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor as a potential provider. Part 1 of our analysis comprised a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider Statess. The remaining parts of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.

Statess (State of Flux): Vendor Snapshot (Part 1) — Background & Solution Overview [PRO]

Oracle

Unlike e-procurement and electronic invoicing, the market for supplier management technology is inherently complicated for two reasons. First, the range of use cases organizations can apply are broad, and second, the vendors serving the market are diverse, often with significantly different value propositions when compared with each other. There are different ways to segment the supplier management market and we would encourage Spend Matters subscribers to take the time to understand the advantages of using technology to support different initiatives, from accounts payable-based supplier onboarding to enabling supplier diversity programs to strategic supplier development.

One provider that began serving the market focused on strategic supplier development is State of Flux, which positions its applications division as a supplier relationship management (SRM) technology provider. Founded in 2004, State of Flux saw an opportunity from its consulting work to develop a solution focused on strategic SRM that would eventually become known as Statess. What started as a simple tool for performance and (corrective) action planning has grown into a full-fledged SRM solution that offers supplier information management (SIM), performance management, risk management, governance and relationship management, CSR (corporate social responsibility), contract compliance and innovation management.

This Spend Matters PRO vendor snapshot explores Statess’ strengths and weaknesses in the supplier management market, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor as a potential provider. Part 1 of our analysis provides a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider Statess. The remaining parts of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.