Author Archives: Nancy Clinton



2021 Procurement and Supply Chain Predictions from the market — Inverto

predictions

Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the vendor market again provides its predictions for the next 12 months and beyond, using learnings from the past year. Today we look at what the procurement and supply business management consulting firm Inverto (a BCG Company) has to say.

2021 Procurement and Supply Chain Predictions from the market — EcoVadis and Ivalua

sustainability

Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the market again provides its predictions for the next 12 months, using learnings from the past year. Today we look at what CSR/sustainable procurement experts EcoVadis, and spend and supplier management leaders Ivalua have to say.

2021 Procurement and Supply Chain Predictions from the market — SAP (part 1)

SAP procurement strategy

Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the market again provides its predictions for the next 12 months, using learnings from the past year. Today we look at what enterprise technology and intelligence firm SAP foresees.

2021 Procurement and Supply Chain Predictions from the market — Icertis

predictions

We are running a series of procurement and supply chain predictions for 2021 from expert tech and service providers in the market.

It is always interesting and often useful to try to look ahead at what might be in store for our profession, our industry and our way of working. And of course the best learnings for the future come from looking back, which is what this year's contributors have attempted to do following a year that really was unpredictable. Over the next couple of weeks we will be featuring individual service and solution providers as they share their insights from 2020 and what they expect to see in 2021.

Supplier barriers to entry in public sector markets

government suppliers

Public Spend Forum, the market intelligence platform and community for public sector buyers and suppliers, and Govshop, its free-to-use database that houses supplier data from various markets, have been conducting a survey to explore the barriers to entry that suppliers are facing when trying to get into public sector markets. They have looked at all levels of the public sector, including central/federal, local and at state level, and gathered feedback from suppliers about their experiences and challenges of working with, or trying to work with, the public sector. The report targets why this $10 trillion global market is so difficult to navigate, and why there are still so many barriers challenging companies, small and large, that wish to do business with it.

Future 5 start-up winner Prewave talks risk intelligence and the role of social media

Prewave, a risk intelligence platform, has taken a unique approach to supply chain risk management by monitoring social media, news media and third-party data feeds and was recently named a Future 5 start-up by Spend Matters. We chatted with Prewave’s co-founder and managing director, Harald Nitschinger, to learn more about the solution and to get a first-hand understanding of just what it means to be selected as a Future 5 start-up.

Public Spend Forum: Market intelligence superheroes, barriers to entry and finding PPE suppliers

barriers to entry

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public buying everywhere. GovShop is its free-to-use global government market research tool for finding and connecting with suppliers. Here's the latest from PSF ...

Future 5 start-up winner Teampay talks spend management unification

Teampay, a procurement spend management solution, is becoming known as a modern variation on the e-procurement world, and was also recently named a Future 5 start-up by Spend Matters. We chatted with Teampay’s CEO Andrew Hoag to learn more about the solution and to get a first-hand understanding of just what it means to be selected as a Future 5 start-up.

Future 5 start-up winner Trakti talks blockchain-integrated contract lifecycle management

Trakti, a contract lifecycle management specialist, is becoming known for its “digital native” contract negotiation and management platform that makes CLM fully digitized, and was recently named a Future 5 start-up by Spend Matters. We chatted with Trakti’s CEO and co-founder, Luigi Telesca, to learn more about the solution and to get a first-hand understanding of just what it means to be selected as a Future 5 start-up.

A clear trend in the procurement journey to over-budget and underspend

procurement analysis

Business spend management integrated solutions provider, Proactis, and its data analyst team, has recently invested some time studying and analysing the data it has accrued from its substantial customer base and their procurement exercises. It has produced some interesting findings pertaining to spend surplus from procurement exercises. We thought the results would make interesting reading for our audience of CPOs and CFOs and indeed any business leader.

Two standout conclusions from the analysis show that more than one in ten procurement exercises do not yield contracts, and that of total value of average contract, 80% is actually drawn down in the financial year.

Supply chain workplace safety improvements — results by region

Avetta

Supply chain risk contractor management firm, Avetta, has examined 10 years’ worth of hundreds of thousands of safety data points from within its supply chain risk management platform of 87000 suppliers, and has produced a global report on safety incidents. It finds, using its own data as a benchmark, that overall firms using cloud-based supply chain risk technologies can reduce the number of safety incidents and lost work days by as much as 55% compared to industry averages. Some have seen a 7% to 12% reduction in workplace safety incidents year-on-year for up to 10 years. What’s interesting about the analysis is that it reports results by region, and has made available graphs showing safety improvements for each