Afternoon Coffee: Coupa Partners with Apptio to Wrangle IT Spend, Supply Chain Planning Called Key to Automation Stock

Coupa has partnered with Apptio, a software system used to assess and manage IT spend, to bring an IT costing taxonomy to its business spend management suite, Apptio said in a press release. Apptio’s IT cost model will integrate with Coupa to give a more complete picture of a company’s full technology spend, which can often be hidden in business units, Apptio said.

“This partnership is essential to providing CIOs, CFOs and CPOs with the transparency and control they need to truly maximize the value of every dollar spent on technology,” said Theo Beack, Apptio’s EVP of products and engineering.

Planning Called Bottleneck to Supply Chain Automation

Supply chain planning shouldn’t be thought of as a monotonous task because it’s vital — and it’s actually the bottleneck that keeps organizations’ supply chains from going fully automated, Supply Chain Dive reports. “Planning encompasses many steps and activities that people have to go through,” McKinsey partner Ignacio Felix tells the Dive. "They also work in different departments, in marketing and sales, in finance, in supply chain, in factories. You really have a lot of manual pass-throughs of the same information."

U.S. rebuffs China trade talk

The U.S. has declined to resume trade talks with China until Chinese officials address concerns about forced technology transfers and other economic issues, The Wall Street Journal reports. China has tried to restart negotiations but was rebuffed until it offers a proposal on the disputed issues, the Journal reports.

Durable goods tick up

And finally, an economic update: Orders for durable goods edged up 0.8%, mostly on spending for defense and some on transportation, Marketwatch reports.

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