Author Archives: Sally Ehrmann

Afternoon Coffee: 2021 Global Category Management Study needs input; Solar power industry stalls installations over supply chain bottlenecks; PRO recap: EcoVadis, Vendorful, and spend analytics/Seinfeld

In today's headlines, the Future Purchasing and Henley Business School 2021 Global Category Management Study is seeking participants for its category management research. In other news, global solar power businesses have slowed down project installations because of supply chain bottlenecks. In Spend Matters' PRO coverage, analysts looked at EcoVadis, Vendorful, and spend analytics. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: MineralTree adds analytics and visualization; Tipalti adds AP feature; JBS pays $11 million in ransom after hack

In today's headlines, AP automation provider MineralTree announced the addition of an integrated analytics and interactive visualization tool to its software. In other news, Tipalti, a global payments automation platform, announced new AP capabilities for its platform that help growing companies track AP operations in subsidiaries or acquired entities. Also, the world's largest meat supplier, JBS, paid about $11 million in ransom after its recent cyberattack. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Airbase secures $60M round of funding; Brightfield and Allegis Global Solutions partner for global extended workforce; See the Deloitte and Coupa webinar on agility

In today's headlines, spend management solution provider Airbase secured a $60 million round of funding from Menlo Ventures. In other news, Brightfield, a global extended workforce intelligence software solution, announced a partnership with global workforce solution provider Allegis Global Solutions. Also, an on-demand version of an agility webinar with Spend Matters, Deloitte and Coupa is available for viewing. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Companies asking for longer supplier payment times after Covid pandemic; US gets $2.3 million of Colonial Pipeline ransom back; DHL expands use of robotics

In today's headlines, Macy's and Mondelez International Inc. are among the companies negotiating longer payment times for suppliers in wake of the Covid pandemic, an example of a phenomenon outlined by new Hackett Group research. In other news, US law enforcement officials confirmed they recovered $2.3 million in bitcoin paid to the criminal cybergroup DarkSide in relation to the Colonial Pipeline hack. Also, Logistics and transportation brand DHL is expanding the use of Locus Robotics' picking robots. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Services PMI records highest number ever in May; Archlet and Mintec partner for strategic sourcing; White House warns against ransomware attacks

In today's headlines, economic activity in the services sector continued to grow and registered an all-time high in May, with the services PMI hitting 64%. In other news, strategic sourcing provider Archlet has partnered with Mintec, a food commodity price software. Also, the White House wrote an open letter to companies calling on them to treat the threat of ransomware attacks with greater urgency. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: World Environment Day kicks off tomorrow to boost sustainability efforts; Starbucks shortages; PRO recap: 3-part series on SAP Ariba’s P2P solution

In today's headlines, the United Nations hosts World Environment Day tomorrow, uncovering new ways of being environmentally friendly in business and beyond. In other news, Starbucks is facing a shortage of some of its products and ingredients. In Spend Matters' PRO coverage this week, our analyst coverage includes a three-part deep dive of the SAP Ariba procure-to-pay solution. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Coupa launches $50 million venture fund for business spend management; Medius study reveals cost of late payments; US economic rebound unlike any in history

In today's headlines, Coupa unveils Coupa Ventures, a $50 million fund that aims to foster innovation in business spend management. In other news, a recent Medius study found that damage to supplier relationships because of late payments has cost businesses 24% in lost orders. Also, the US economic recovery from the Covid pandemic looks unlike any in history. Afternoon Coffee brings you the latest in procurement and supply chain news.

Cognitive automation experts at Aera’s summit focus on the power of data and people at firms like PepsiCo and Mars

While cognitive automation is all about automating business processes, its implementation in procurement will come down to people accepting the use of data and advanced technologies for analytics and better decision-making, according to an Aera Cognitive Automation Summit that took place last week.

In a roundtable discussion, executives at some of the biggest consumer goods companies in the world, like PepsiCo and Mars, discussed their journey through cognitive automation.

Aera President and CEO Fred Laluyaux moderated the conversation about best practices, the biggest challenges and the importance of implementing cognitive automation to make changes in procurement processes.

Afternoon Coffee: Cyberattack shuts down largest meat processor in US; Coronavirus outbreak closes one of world’s busiest ports; Chlorine shortage being dubbed ‘Poolmageddon’

In today's headlines, another ransomware attack led to the shutdown of nine meat plants in the US. In other news, a COVID-19 outbreak in China is leading to one of the world's busiest ports to be partially closed. Also, a chlorine shortage in the US is leading to very high prices just as pool season really gets going. Afternoon Coffee brings you the latest in procurement and supply chain news.

ASCM launches procurement certificate program for supply chain professionals

While the expectations placed on procurement departments may seem insurmountable, a lot of company changes can come at the hands of procurement professionals. They are the ones moving the lever. While they work in teams to produce results, it’s also important for professionals to take a look inward to see what opportunities they should take advantage of now to move their careers, and organizations, forward.

In an effort to provide quality education opportunities for supply chain and procurement professionals, the Association for Supply Chain Management (ASCM) recently launched a procurement certificate program. The program is a fully virtual, interactive experience that gives professionals at any point in their career the tools to succeed in the world of procurement.

Afternoon Coffee: PMI for May hits 12th straight month of growth; Coronavirus outbreaks in India, Vietnam affect manufacturing; Spend Matters hosting webinar with Keelvar, Samsung

In today's headlines, the May PMI number registered 61.2%, indicating an expansion in the overall US economy for the 12th consecutive month. In other news, a COVID-19 surge in India has led to supply shortages in some industries. In another coronavirus outbreak in Vietnam, many global tech suppliers are having to shut down operations for the time being. Also, Spend Matters is hosting a sourcing-optimization webinar with Keelvar and Samsung. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spend Friends podcast: Walgreens’ CPO Jim Townsend says unchartered territory expected to last for another 5 years

It’s a “VUCA” world and we’re all just living in it.

That stands for volatility, uncertainty, complexity and ambiguity. And if that describes your procurement department’s planning for the next year or five, you’re not alone, said Jim Townsend, the Chief Procurement Officer of Walgreens Boots Alliance.

Townsend was the latest guest on Spend Friends, a monthly video podcast hosted by Bill Michels, the VP of Operations — Americas at the Chartered Institute of Procurement and Supply (CIPS) USA, and Pierre Mitchell, Spend Matters’ Chief Research Officer. Its goal is to focus on all procurement matters under the sun, like spend management, supply chains and other topics.