Author Archives: Sally Ehrmann

Afternoon Coffee: Medius-Spend Matters to host AP automation webinar; Procter & Gamble’s prices to rise with higher commodity costs; SolutionMap updated today for Spring 2021

In today's headlines, Medius and Spend Matters are hosting a webinar next week titled “Why AP is a fundamental partner to Procurement." In other news, Procter & Gamble said they will be raising prices on certain products because of commodity costs. Also, Spend Matters today released its SolutionMap Spring 2021 rankings of 75 solutions. See how vendors fare in 13 categories of procurement technology. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spend Friends podcast: Supply chains need offense and defense to monitor risk, CEO Gary Lynch says

Offense and defense aren’t just terms relevant to sports. Business organizations are also looking for strong offense and defense in their supply chains, according to Gary S. Lynch, the CEO and Founder of The Risk Project.

Although this type of offense and defense is related to cost and value rather than a baseball situation, like the number of runners on base. This shift in mindset is one example of the ways organizations have placed a higher priority on supply chain risk management in the last year or so, Lynch said.

Last week, Lynch was a 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. Lynch joined to discuss supply chain risk management.

Afternoon Coffee: Supply chain disruptions converge on global economy; UK government exploring ‘Britcoin’ digital currency; US reaches coronavirus vaccination milestone

In today's headlines, all the recent supply chain disruptions have converged on global economic recovery, with effects likely lasting for months. In other news, the British government is exploring options for a digital currency, which it's terming "Britcoin." Also, the United States has expanded eligibility for coronavirus vaccines to all adults age 16+ as it reported that half of all Americans have received at least one dose of the vaccine. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Routable raises $30M; Jaggaer looks at Biden supply chain review; PRO recap: Vroozi, Icertis & SirionLabs go head to head

In today's headlines, B2B fintech Routable received a $30 million investment led by angel investors. In other news, Jaggaer's VP Roger Blumberg looked at the last 50 days of President Joe Biden's supply chain executive order to see the status of the effort. In Spend Matters PRO coverage this week, analysts looked at Vroozi and did a head-to-head column with Icertis vs. SirionLabs. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Shortage of natural rubber impacts auto industry; Jobless claims reach lowest level of pandemic; Panic-buying of toilet paper subsides  

In today's headlines, a shortage of natural rubber is now threatening the automotive industry, which is still facing a global semiconductor shortage. In other news, the number of first-time unemployment claims fell to the lowest point yet in the Covid pandemic, counting 576,000. Also, panic-buying and demand for home goods like toilet paper has leveled out. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Bloom Procurement Services gets $19.3 million investment; IRS to investigate tax evasion with cryptocurrencies; Bubble tea supplies face shortages

In today's headlines, Bloom Procurement Services, a UK-based public sector solution provider, secured a $19.3 million investment from investor BGF. In other news, the IRS is monitoring the dark web to look for tax evasion related to cryptocurrencies. Also, overwhelmed ports have resulted in a new shortage in the supplies for bubble tea, a popular Taiwanese drink. Afternoon Coffee brings you the latest in procurement and supply chain news.

Women in Procurement Wednesday: Agiloft’s Elisabeth Bykoff, from aspiring movie director to contract management executive

Kids are often asked about what they want to be when they grow up. Common answers vary but can offer insights. Elisabeth Bykoff wanted to be a movie director.

Today, Bykoff is the Vice President of Global Alliances at Agiloft, a contract lifecycle management (CLM) solution provider. So, not exactly a movie director but an equally fulfilling role, she said. Read about the role of CLM and her journey through procurement in this latest Women in Procurement on Wednesday feature.

Afternoon Coffee: FDA, CDC recommend to pause J&J COVID-19 vaccine over blood clot fears; ContractPodAi and Consilio partner for CLM; Ant Group Co. applies to become financial holding company in China

In today's headlines, the FDA and CDC recommended that states pause use of the Johnson & Johnson COVID-19 vaccine because of concerns about blood clots. In other news, ContractPodAi and Consilio announced a partnership to improve contract lifecycle management processes. Also, billionaire Jack Ma's Ant Group Co. announced it will apply to be a financial holding company under China's central bank. Afternoon Coffee brings you the latest in procurement and supply chain news.

Bid Ops hosts virtual event with insight into the role of artificial intelligence in procurement sourcing

Among the many trends happening in procurement today, artificial intelligence and machine learning are two of the biggest topics. A recent industry conference, Bid Ops’ Optimal AI event, brought professionals together to discuss the often confusing, but definitely complementary, role that AI can play in a procurement process.

Edmund Zagorin, Founder and CEO of Bid Ops, cut to the chase when talking with Spend Matters. “Is AI a meaningless buzzword or is it critical for businesses to ‘do more with less’ and manage volatility and change?"

Afternoon Coffee: White House to host semiconductor supply chain resilience summit; Tipalti acquires; Amazon workers in Alabama vote against unionizing

In today's headlines, the White House is convening top leaders at its virtual CEO Summit on Semiconductor and Supply Chain Resilience, focusing on the global chip shortage. In other news, AP automation provider Tipalti acquired, a cloud-based procurement solution provider. Also, workers at an Amazon warehouse in Alabama voted against unionizing last week. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Ivalua survey shows procurement is a strategic partner for companies; More small businesses closing during Covid crisis; PRO recap: Enlighta, Creactives, GEP

In today's headlines, Ivalua released findings from its new study showing that 85% of respondents recognized procurement's role in revenue growth. In other news, a study found that 22% of small and medium-size businesses in the US were closed in February, only one percentage point lower than the Covid pandemic's peak last spring. In Spend Matters PRO coverage, our analysts looked at Enlighta, Creactives and GEP this week. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: GM to halt production at more plants over global chip shortage; Positive job report not enough for the Fed to ease stimulus; Companies look to avoid geopolitical risk from supply chains

In today's headlines, GM plans to shut down more plants due to the global shortage in computer chips, and the Alliance for Automotive Innovation is asking for federal funding to help manufacturing during the semiconductor shortage. In other news, March's positive job report was hopeful, but it's not enough for the Federal Reserve to pull back on Covid stimulus efforts like bond buying or adjusting interest rates. Also, find out how companies are taking steps to avoid geopolitical risks in their supply chains. Afternoon Coffee brings you the latest in procurement and supply chain news.