The Guest Post Category

US Soybean Prices Crash to 5-Month Low

GMO

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

In recent months, soybean prices have crashed to a five-month low. Previously, prices were edging upward and the sales outlook for American producers had been positive. So why was there this quick reversal in fortune?

IT Procurement: Strategic Calibration of Software Suppliers

IT

Spend Matters welcomes this guest post from Imaad Musvee, an associate consultant at GEP.

For many Fortune 500 organizations, the number of software suppliers leveraged each year is increasing rapidly. This post discusses how this trend may be a sign of cost inefficiencies and then proposes a few strategies that procurement can use to overcome these constraints.

Pharmaceuticals Need a Prescription for Procurement

pharma

Spend Matters welcomes this guest post from Pooja Pewekar, marketing manager at Zycus.

Unlike many other top-performing industries, pharmaceutical companies are still lagging when it comes to bringing in automation in their procurement process. Many have resisted adapting to newer technologies available that would make their procurement team’s productivity grow by leaps and bounds.

Could This be the End of the High Cotton Prices?

Spend Matters welcomes this guest post from Verity Michie, Market Analyst at Mintec.

Last year in June, we asked whether the cotton price recovery continue? The answer was yes, it did, all throughout 2016 and into 2017. But now the real question we need to ask ourselves is how much longer will the price continue to rise? To answer that question, we must understand why prices rose to almost three-year highs in the first place.

US Coal Prices Up on Increased Demand

Spend Matters welcomes this guest post from Rajiv Joarder, knowledge team leader at Mintec.

Coal prices have been on a steady downward trend since late 2012. But lately, the price of coal in the U.S. has risen by 36% since the beginning of October 2016 and is expected to go up further. So has Donald Trump delivered on his campaign promise to revive the coal industry?

2 Strategic Ways to Improve Supplier Relationship Management

suppliers

Spend Matters welcomes this guest post from Dr. Muddassir Ahmed, divisional supply chain manager at Eaton.

Whether we like it or not, whether we want to say that out loud or not, buyers and suppliers primarily indulge in exchange relationships in order to satisfy their desire for money and to benefit their businesses or organizations. So when buyers and suppliers think about supplier relationship management or ways in which they conduct exchange relationships, they must focus on a share of value appropriated by both sides in the relationship.

Is Sourcing Forklift Trucks Easier than Sourcing Cars?

warehouse

Spend Matters welcomes this guest post from Nitin Khandelwal, of GEP.

Forklift sourcing isn’t as complex as it seems (especially when we compare it with fleet), but there are a variety of factors that should be considered to ensure that you contract the right supplier.

US Cheese Price Bubble Could Be Set To Burst

cheddar

Spend Matters welcomes this guest post from Michael Liberty, market analyst at Mintec.

We last spoke about cheese prices in December, when the USDA purchased stocks of excess cheddar in November to help boost domestic prices, which resulted in a two-year peak in November. Fast-forward three months, and it’s deja vu; however, this time, the global markets are making their mark.

Fake (Commodities) News: Investigate, Investigate, Investigate

Spend Matters welcomes this guest post from Nick Peksa, market analyst at Mintec.

In the press we have heard a lot about fake news. This is nothing new; this has been around in the form of market rumors for many years. As we all know by now, the commodity and raw materials market can be very sensitive to speculation — one bad report from an unknown source can cause major price upheavals in a market. In order to verify or discount rumors, they need to be approached in a logical manner, i.e., ask or research all of the questions that might influence a market.

Spreads: Functional or Fatty?

Spend Matters welcomes this guest post from Jara Zicha and Nick Peksa, market analysts at Mintec.

Breakfast has been touted for many years as the most important meal of the day; however, times are changing in this fast moving world of marketing and grab-and-go. Today’s buzzwords are “fast and functional,” so what is it that can possibly tick these boxes? Chocolate on bread! A generic chocolate spread contains five key ingredients; sugar, palm oil, hazelnuts, semi-skimmed milk powder (SMP) and cocoa powder. The good news is that the price of spread is dropping. This seems slightly counterintuitive when you consider there have been global price increases in both sugar and palm oil over the last two years. But in reality, sugar and fat are bulking agents and are the cheapest constituents of the product, so the more that can be crammed into a jar, the more money the manufacturer can make.

IT and Procurement: The Ultimate Power Couple

IT

Spend Matters welcomes this guest post from Andrew Durlak, co-founder and vice president of operations at Scout RFP.

IT and procurement are two star players. Combine the expertise of both and you get a true power couple. It’s a proven fact that effective and collaborative synergy between the two departments pays off — quite literally. Here’s how fostering the relationship between this power couple can improve overall success for your business.

Procurement as a Blind Beginner

Spend Matters welcomes this guest post from Conor Weir, graduate team member at eir, and Anthony Ryan, head of procurement operations at eir.

At eir we have an exciting two-year graduate program with two defined business streams: one stream for graduates of all disciplines who are looking to build a career in business, and a second stream for finance/accounting graduates looking to complete a relevant finance or accounting qualification and pursue a career in finance. Graduates are funneled through procurement, with most of them having only a vague idea of what procurement does. The procurement team at eir has developed a tactical buyer quick stream approach to indoctrinating the graduates into a meaningful procurement role. The following story is from a recently successful participant with very impressive quantifiable contributions delivered. This is a compelling story that not only validates the eir graduate program but also provides a glimpse into the interesting and challenging world of procurement.