Spend Matters Afternoon Coffee

Jason will be a judge!
Iasta Launches Client Excellence Awards Program -- Iasta, a leading provider of strategic sourcing and spend management solutions, is pleased to announce the launch of the Iasta Client Excellence Awards. "Our clients are driving change management to influence corporate initiatives, transitioning procurement into a strategic partner, mitigating supplier risk and improving their organization's bottom line," said David Bush, Chief Executive Officer of Iasta. "Developing the Iasta Client Excellence Awards program is just one way to celebrate in their achievements and inspire other clients to follow suit by maximizing Iasta's solutions, services and best practices."

Safety first!
Ryanair Reportedly Uses Tape to Seal Plane Window -- A Ryanair plane carrying 200 passengers was forced to turn back after a window sealed with tape before takeoff came loose, according to The Sun. Crews reportedly put tape around the edge of the windscreen on the pilot's window before the plane left from Stansted airport in England to Riga, Latvia.

What oil spill?
BP's Profit More Than Doubles -- The London-based energy company said net profit for the three months to Sept. 30 was $4.91 billion, compared with $1.79 billion a year earlier. The sharp increase was owing to the $7.66 billion pre-tax charge that BP booked for the Gulf spill in the third quarter of 2010. Revenue rose to $97.59 billion, from $74.65 billion.

The results are in!
How Netflix Lost 800,000 Members, and Good Will -- Reed Hastings was soaking in a hot tub with a friend last month when he shared a secret: his company, Netflix, was about to announce a plan to divide its movie rental service into two -- one offering streaming movies over the Internet, the other offering old-fashioned DVDs in the mail. "That is awful," the friend, who was also a Netflix subscriber, told him under a starry sky in the Bay Area, according to Mr. Hastings. "I don't want to deal with two accounts."

The social supply chain question hits the mainstream.
Are You Ready for the Social Supply Chain? -- As I look forward to the holiday season (yes it is hurtling towards us again), I now do all of my planning, negotiating and actual shopping from the comfort of my armchair. And as a result, my buying habits have changed over the past few years. I no longer buy CD's, I buy Apple iTunes cards. For my mother's birthday, I didn't buy her a book, I bought her an Amazon Kindle. In fact, if you know where to look on the internet, you will find examples of companies leveraging social media and networks to capture customers, deliver innovation and differentiate themselves in the marketplace. Here are some examples:

Sheena Moore

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