Afternoon Coffee: Procurement Centralization a Growing Trend, Wal-Mart Acquires Logistics Company Parcel

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Several household name companies are centralizing business functions including procurement in order to cut costs and update their purchasing strategies, a growing trend according to the Wall Street Journal. Pernod Ricard, PayPal and Royal Bank of Canada are all concentrating functions such as legal, human resources and procurement in central hubs, but not without difficulties.

Wal-Mart’s Last Mile

Wal-Mart is bolstering its e-commerce business by acquiring Parcel, a technology-based, same-day and last-mile delivery company that specializes in delivery to clients in New York City, Supply Chain 24/7 reports. Parcel specializes in services such as scheduling evening delivery and packaging fresh, frozen and perishable foods.

Coupa and NetSuite

More companies are extending their ERP systems by taking advantage of cloud-based solutions to automate P2P processes. Case in point, Bankrate recently used Coupa to extend its deployment of its NetSuite ERP system to eliminate paper processing and reduce costs, according to a press release.

“After we implemented NetSuite and Coupa, we went completely digital,” said John Preis, P2P Manager at Bankrate. “We’ve sped up and automated workflows, reduced redundancy and enhanced the overall procure-to-pay process.”

Auto Sales 

And finally, an economic update: Major automakers posted higher U.S. new vehicle sales in September, CNBC reports, as consumers replaced cars damaged by hurricanes and more people began researching vehicle replacement online.

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