The Guest Post Category

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?

Scallop Prices Have Dived due to Large Catches

Spend Matters welcomes this guest post from Jonathan Stokes, analyst at Mintec.

Scallop prices peak seasonally at the start of the year due to declining stocks in line with the end of the fishing season, with prices rising 13% from December to January. U.S. sea scallop prices have, however, fallen 34% since March, due to not only the number of scallops caught by fishing vessels but also the size of the individual scallops.

Don’t Lose Your Shirt: American Apathy to Reshoring

Made in USA

Spend Matters welcomes this guest post from Oliver Everhard, an associate with GEP.

For decades, conventional wisdom has said that anything you can manufacture offshore — in particular, less skill-intensive products like clothing — will end up costing your company less. From a cost perspective alone, this is likely true. Yet “reshoring” — the process of bringing manufacturing back into the United States — has become an increasingly popular option for American companies.

10 Places to Look for New Procurement Recruits

Spend Matters welcomes this guest post from Zelim Suleymanov, chief executive of PrECA.

In my previous article, we defined two methods for recruiting procurement professionals. But now that you know your method, where do you look? Here a few tips on where and how to perform the search.

Traditional or Nurturing? 2 Methods for Recruiting Procurement Professionals

Spend Matters welcomes this guest post from Zelim Suleymanov, chief executive of PrECA.

It is not easy to find a top-class procurement professional. On the one hand, purchases require best practices expertise, and on the other hand, they need unconventional thinking and a creative approach. Highlights and challenges of up-to-date recruiting techniques with a focus on procurement can be found in a number of resources. Among them is procurement talent management and related issues described by Charles Dominick of the Next Level Purchasing Association.

I would suggest two possible headhunting models that can be used either individually or in combination when recruiting employees. They are what I call traditional and nurturing methods.

How to Smooth Manufacturer-Supplier Relationships Through AP Automation

Spend Matters welcomes this guest post from Howie Hahn, senior sales engineer at Esker.

Success in manufacturing depends on the mutually beneficial relationships between manufacturers and suppliers. Each party relies on the other to live up to its obligations, if either expects to move towards long-term success and growth. But business, like life, doesn’t always go as planned. Even relationships based on trust and mutual benefit can get rocky.

The key is to make sure that the inevitable bumps in the road don’t morph into ill feelings, mistrust or, worse, lawsuits. One tool that can help ensure that manufacturers and suppliers maintain smooth relationships is accounts payable (AP) automation.

The Benefits of Treating Your Suppliers Like Partners

Spend Matters welcomes this guest post from James Gellert, chief executive of RapidRatings.

Suppliers and buyers haven’t always had the best relationship beyond the transaction. Historically, the relationship was focused on getting the lowest price and reliable delivery. While this made sense on paper, it inevitably created a zero-sum game, as suppliers were often seen as expendable. Suppliers knew they could be replaced at any time and therefore had little interest in being flexible or working in the purchaser’s best interest.

While many companies have since rethought this Draconian approach and have been successful in creating overall value beyond the transaction, those companies that have truly realized the benefits of treating suppliers like partners are able to transform themselves into a more focused, nimble and cost-effective global competitor.

Slow Running, Cheaper Fueling: London 2017 and Agricultural Commodities

marathon

Spend Matters welcomes this guest post from Nick Peksa, a director at Mintec. 

It’s 8 a.m. and I am waiting for a docklands light railway train, when it arrives a few moments later, with slight apprehension I step on board. The DLR train rapidly fills up with a Lycra clad army, the air is heavy with the scent of wintergreen, menthol and eucalyptus, and there is palpable excitement and nervous tension in the air, as people chatter away. Yes, that’s right, Regain, a fantastic charity that supports tetraplegics in sport, persuaded me to run the London Marathon for them this year.