Down The Procurement Pub With riskmethods, ProcureAbility, NAO and Charly Bliss

Last night the Park Plaza Westminster Bridge hotel hosted the 2017 Management Consultancies Association annual dinner and awards ceremony. As a judge (I get asked because of my book), I also got to stand on stage and award a couple of the prizes, which means you can’t drink too much just to make sure you don’t fall down the steps … Didn't even get to shake Fiona Bruce's hand (she was the host). Congratulations to all the 25 winners (is that getting a few too many?) But there was a good mix of the big firms and some newcomers such as Egremont Group and Pearson Ham. The latter specialise in work around pricing, which is very interesting, so more on that to come I hope. They won the Commercial Excellence category, which saw the only procurement specialist in the field, Efficio, also shortlisted. The selfie here shows me very soberly considering the evening at 11.45pm ....

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It was a big week for corporate announcements in our field. As well as the big Ivalua fund-raising, riskmethods, our sponsors and leading risk management software providers, raised 14 million euros to fund further expansion. “The round was led by Digital+ Partners, with previous Series A investors, EQT Ventures, Senovo and Bayern Capital co-funding the round and bringing riskmethods’ total investment to date to more than 20 million euros.  The funding will help the company with further international expansion, and continue to lead the supply chain risk management solution market”.

The firm is growing very strongly, with an impressive senior management team and what is basically a very good product with real value for organisations with international supply chains. The funding will enable the firm to “expand its partner network and customer success functions, as well as investing in further product and solutions development and expanding its workforce. riskmethods expects to double the number of people it employs in 2017”.

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Denali Group also announced a new brand and name change. ProcureAbilityTM  - formerly known as Denali Advisory, Talent, Recruiting, and Intelligence — which provides access to unbundled procurement and supply chain resources, plus the ability to selectively add value through leading-edge methodologies, the latest best practices, and specialized insight and advice. It’s an approach unheard of with traditional consulting and staffing firms”.  That’s what they say, although we’re not sure about the “unheard of” bit given what we have said recently about Palambridge …

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The UK’s National Audit Office has reported on yet another government IT programme that has failed to deliver (fully) and has cost more than expected. The Department for Transport’s programme was around implementing the South East Flexible Ticketing scheme to improve take-up of “smart ticketing”. The Department has spent £120 million to achieve the current level of “smart and flexible ticketing” in the south-east – and the uptake is way below expectations.

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Another new name for me, discovered courtesy of a high score on the Metacritic website. Charly Bliss is a power-pop Brooklyn, NY band whose first self-released album Guppy is getting great reviews. We like this.

 

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