Author Archives: Nick Heinzmann



Afternoon Coffee: IKEA’s Head of Supply Chain Promoted to CEO, EcoVadis Announces its First Sustainability Leadership Awards

Following the surprise departure of CEO Peter Agnefjäll, IKEA announced Wednesday that Jesper Brodin, currently head of its product range and supply chain, would take over the role. EcoVadis, a provider of environmental, social and ethical performance ratings for global supply chains, announced Thursday 15 winners of its first-ever Sustainability Leadership Awards. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: MBO Partners Receives Major Growth Investment, Hospitals Hobbled by Sodium Bicarbonate Shortage

MBO Partners announced Wednesday it received a major growth investment form Primus Capital. The only two suppliers of sodium bicarbonate solution in the country have run out of supply, sending hospitals on a frantic search to stockpile the drug. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Jabil Debuts Supply Chain Decision Support Solution, Jaggaer to Launch Industry-Specific Solutions

Contract manufacturer and managed service provider Jabil announced Tuesday the launch of InControl, a new supply chain decision support platform. Source-to-pay (S2P) provider Jaggaer is launching a suite of solutions tailored to the needs of multiple industry verticals. Afternoon Coffee brings you the latest in procurement and supply chain news.

ISM 2017: Highlights from David Cameron’s Keynote

The Tuesday session of ISM’s annual event kicked off with a keynote from David Cameron, former prime minister of the United Kingdom. In a speech covering various geopolitical and public policy issues, Cameron explored how the forces of globalization, automation and the environment are changing global business and the supply chain. Missed the speech? Check out some of the more quotable quotes Cameron’s keynote below, including his advice for U.S. President Donald Trump.

Afternoon Coffee: Spend Matters Announces 50/50 Lists for 2017, Keelvar Launches On-Demand Sourcing Events

The Spend Matters team is in Orlando this week bringing you live coverage and more from ISM’s annual event. See what Chief Research Officer Pierre Mitchell has had to say so far (spoiler: it’s great!), and be sure to check back throughout the week for more coverage from the rest of the team. And if you’re at the event, be sure to look out for the client services team, which is handing out plaques to vendors that made our 50 to Watch and 50 to Know lists for 2017.

3 Reasons Why E-Sourcing Providers Have Failed Procurement

Gigster

Many procurement practitioners know the basic components and capabilities of an e-sourcing solution. Yet getting users to fully adopt e-sourcing still remains a perennial challenge in procurement organizations large and small. Many organizations are using their e-sourcing platform on only 25% of applicable events, according to one CIPS study. How can this be, when the technology and purported benefits are anything but new? For several reasons, the provider community at large has failed procurement when it comes to designing sourcing solutions. Here are three reasons why they’ve gone astray — and how to fix it.

Afternoon Coffee: Coupa to Launch Coupa Payments, BMW Hints at Production Moves Ahead of Brexit Talks

Coupa announced Tuesday it will launch Coupa Payments, a cloud e-payables solution designed to streamline cross-border payment systems and automate accounts payable processes. Negotiations between the U.K. and the European Union over Brexit are getting a close look from BMW, which hinted in its annual meeting recently that it could abandon production in the U.K. without the free movement of workers

Afternoon Coffee: Western Companies Hope to Benefit from New Silk Road, Apple Invests in Corning

China’s “One Belt, One Road” infrastructure project may be seen as a sign of the rising importance of the East, but that doesn’t mean Western companies won’t stand to benefit, either. Apple’s $1 billion fund designed to spur manufacturing in the U.S. announced its first investment Friday. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: G7 Gets Briefed on Trump Tax Plan, Amazon Offers Cash for Warehouse Robot Breakthroughs

U.S. Treasury Secretary Steven Mnuchin is scheduled this week to brief finance officials from the Group of Seven industrial economies on the Trump administration’s pending tax reform and regulatory plans. Amazon is offering $250,000 to teams who say they have, in a competition taking place in Japan later in July. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: BravoSolution Partners with TrustWeaver for E-Invoicing Compliance Services, The Hackett Group Expands Consulting Portfolio

BravoSolution announced Tuesday it has formed a partnership with TrustWeaver to offer global e-invoicing compliance services within its BravoAdvantage platform. The Hackett Group announced Tuesday it had acquired Aecus Limited and completed its acquisition of Jibe Consulting. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Basware Adds Strategic Sourcing to its P2P Suite, IntegrityNext Launches

Finland-based Basware announced Tuesday it is adding a strategic sourcing offering to its purchase-to-pay (P2P) suite, giving customers what it calls a “one-stop shop” for the source-to-pay (S2P) process. There’s a new entrant in the increasingly important market for procurement solutions that focus on corporate social responsibility (CSR) and sustainability: IntegrityNext. Afternoon Coffee brings you the latest in procurement and supply chain news.