In Case You Missed It … Procurement and Supply Market Roundup

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed - we may have more from our analysts in the coming days  ...

Coupa Business Spend Index Q3

Business Spend Management (BSM) firm Coupa has announced the findings of the Q3 Coupa Business Spend Index (BSI), which revealed that globally, businesses appear to be growing more cautious about the economy. By analysing billions of dollars of business spend transactions in the Coupa BSM Platform, using insight from Coupa Community Intelligence, the Coupa BSI reflects businesses’ confidence in the economy, serving as an early warning system that allows line managers to make smarter spending decisions. See the results here.

Recruitment Process Outsourcing New Research

According to Everest Group recent research, the Recruitment Process Outsourcing (RPO) market is one of the fastest growing outsourcing segments today, with 20% growth in 2018 and consistent double-digit growth over the past four years. A large talent supply-and-demand gap in almost all major economies across the world is observed, which is forcing enterprises to take the RPO route for their permanent talent needs.  “Recruitment Process Outsourcing (RPO) Annual Report 2019: Steering 3D Growth on the Tides of Talent Shortage," is available to download, providing a market overview, regional overview, adoption trends, total talent acquisition, value-added services and capabilities, and digital in recruitment. See the press release here.

The Extent of Procurement Process Automation within the UK

Ivalua commissioned a study of 200 procurement, supply chain and finance professionals in firms with over 1000 employees. The top-line result is that two-thirds of them are still reliant on manual and paper-based procurement processes, estimated to be costing UK businesses about £2m a year. Read more here

Dynamic Discounting: Backdrop, Definitions, and Enablers

Jason Busch and David Gustin give a refreshed look at dynamic discounting, exploring how dynamic discounting can reduce risk and create greater liquidity in the supply chain. This is a Spend Matters Plus+ article and is a useful first step in understanding what dynamic discounting is, how it can help, and which technologies and vendors can enable it.

Procurement Analyst Interviews

We thought it was about time our readers got to know our procurement analysts better to understand who is behind our vendor and tech research and analysis. Here are our first five podcasts in a series of interviews.

The Procurement Analysts’ Reel Episode 1 - An Interview with Nick Heinzmann

The Procurement Analysts’ Reel Episode 2 – An Interview with Andrew Karpie

The Procurement Analysts’ Reel Episode 3 – An Interview with Jason Busch

The Procurement Analysts’ Reel Episode 4 – An Interview with Jenny Draper

The Procurement Analysts’ Reel Episode 5 – An Interview with Pierre Mitchell

The Procurement Analysts’ Reel Episode 6 – An Interview with Michael Lamoureux

 

And in other news ...

Global Digital Signage Market - Procurement Intelligence Report from SpendEdge

NHS Trust abandons procurement weeks after shortlisted bidder pulls out over concerns of evaluation process

Head of Procurement at Asahi Europe on reinforcing the 'premiumisation' of its brands

Reefknot Investments launches $50 million fund to invest in logistics and supply chain startups

UK firms 'among world's worst' for ethical and sustainable fashion sourcing

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