Author Archives: Guest Contributor



Why Partial Automation Will Be a Smart Tool — Not a Replacement — For the AP Clerk

e-invoicing

Spend Matters welcomes this guest post from Laurent Charpentier, chief innovation officer at Yooz North America.

Accounts payable (AP) clerks at leading companies are already seeing machine-learning programs automate and streamline their daily work, flagging suspicious invoices, reducing cycle time and saving their organizations money. Artificial intelligence is boosting efficiency and making life easier for thousands of AP professionals today. But many of these professionals are undoubtedly wondering if sophisticated software might one day put them out of a job.

10 Things Procurement Professionals Must Consider Before Hiring Labor for Their Organization

Spend Matters welcomes this guest post from Deepesh Jethwani, consultant at GEP.

There are times when you need to hire non-permanent labor for your production line or when your contract with an existing labor providing agency is about to expire. Before you decide to launch a request for proposal (RFP) with suppliers, here are the top factors you must consider as a procurement professional.

8 Benefits of Procurement Technology Tools

Oracle

Spend Matters welcomes this guest post from Anisha Khushlani, a senior consultant at GEP.

A wide variety of industries are adopting technology to automate supply processes, bringing significant bottom-line benefits to companies by allowing greater productivity, visibility and cost efficiency. At a high level, e-procurement provides the opportunity to increase efficiencies in business transactions and enhances negotiation leverage for firms. Use of technology is one of the key metrics used by benchmarking firms to measure maturity of procurement organizations. So, it’s important to find the right tool and reap the benefits.

The Hyper-Personalized Supply Chain is Coming: Are You Ready?

Spend Matters welcomes this guest post from Jim Wetekamp, chief executive officer of BravoSolution .

The concept of the demand-driven supply chain has been around for a decade or more. For supply chain organizations in consumer-centric markets, the model requires the ability to ramp production up and down based on demand fluctuations in short cycles. Think that change was a roller coaster ride? Well, fasten your seat belts.

Advances in Neuromarketing and Your Buying Decisions: What Can’t Speak Can’t Lie

Spend Matters welcomes this guest post from Diarmuid O’ Donoghue and Khushboo Kadmawala, of GEP.

Do you really think that you make your own buying decisions? I urge you, think again. As several recent experiments from the field of neuromarketing illustrate, your own subconscious thoughts and desires may actually speak louder than your rational thoughts.

Viva La Revolution: Flexible Staffing Models in China

Tradeshift Baiwang

Spend Matters welcomes this guest post from GEP.

As the world's most populous country, China's labor market is undergoing unprecedented structural revolution. In recent years, due to labor shortages caused by a decreasing demographic pool and labor cost pressures, Chinese companies are eager to adopt more flexible staffing models to maintain labor agility and cost competitiveness. As per the Chinese Human Resource Service Industry Research Report published in 2016 by HRoot, it’s estimated that between 2016 and 2020, the average compound annual growth rate of China's flexible staffing industry will hold steady at around 22%, and China's flexible staffing market scale will reach about 60 billion yuan, which is more than $8 billion.

Integrated Workforce Solutions: A New Alternative in the MSP-IMP Debate

Spend Matters welcomes this guest post from Brandon Moreno, CEO of EverHive.

Hear the term MSP, and you likely have mixed emotions. Managed service providers (MSP) emerged in the 1990s to help companies manage their contingent or temporary workforce more efficiently. But even though MSPs have become a fixture in the industry, the perceived maturity of the MSP model and the accelerating evolution of workforce categories, enterprise requirements and available technology solutions are challenging companies to make new choices about how to manage their contingent workforce.

Supply Chain Flexibility: Does Your Design Pass the Proactive Test?

Global Risk Management Solutions

Spend Matters welcomes this guest post from Eric Robinson, senior project engineer at Kenco Group.

When your supply chain encounters a roadblock, how does it respond? Does one problem spiral into another, leaving you without visibility into the causes? If so, your supply chain design is reactive. Instead of showing and slowing the roadblock as soon as possible, your design left you wide open. As an overseer of your supply chain, you want to do whatever you can to arm it against slip-ups. You need to play the offensive to ensure your design (and your team members) are fully prepared for bumps in the road.

The Allocation Game — Managing Cost Before Money is Spent

finance

Spend Matters welcomes this guest post form Steven Krueger, principal, and Matt Polvara, senior manager, at Ernst & Young LLP.

With more interest rate hikes a likelihood, banks are poised for growth. But that doesn’t mean they should stop their cost reduction programs. By strategically reducing or eliminating costs, and in particular by optimizing infrastructure costs (which account, on average, for about 40% of a bank’s cost base) banks can be leaner and more agile in a changing economic and regulatory environment. They will be better positioned to face off increasing threats from FinTech firms that are aiming to introduce disruptive technology-enabled business models. Ultimately, banks can reallocate funds they saved to invest in products and technologies to defend or grow market shares.

Strategies Every Procurement Professional Should Know to Reduce Inventory Levels and Cost

warehouse

Spend Matters welcomes this guest post from Ana Sofia Gómez, a manager at GEP.

In an organization, the challenge for optimizing costs goes beyond getting the best prices in the market through the procurement function. The challenge also involves implementing strategies, or acquiring added values and services that allow the organization to improve their process administration and get benefits from those improvements. With manufacturing companies, one area of opportunity is inventory management.

MSP and VMS Providers: Are MSPs Effectively Leveraging Technology for Their Customers?

Spend Matters welcomes this guest post from Terri Gallagher, CEO of Gallagher and Consultants. 

Has the technology evolution driven MSP and VMS providers to a crossroads? VMS Technology seems to be evolving at a more rapid pace than MSP Solution offerings. We have the new technology and the old problem, but do we have the big ideas? How are MSPs leveraging technology beyond process and system automation, to expand talent supply chains, provide dynamic data and reporting, and elevating their customer’s contingent workforce management programs?