Viewing Category Intelligence (Indirect)

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Digital procurement’s new frontier: Closing the knowledge gap with market intelligence tools
June 1, 2020 | Spend Matters Brand Studio
The last several weeks of the COVID disruption has laid bare just how little companies sometimes know about their suppliers. It has become evident that truly knowing your suppliers goes beyond which one has passed their certifications or which one is hitting their KPIs. Your teams probably keep tabs on that, or soon will. But…
CORONAVIRUS RESPONSE: Supply Risk — Mitigating and Recovering from the Grey Swan of COVID-19 - [PRO Content]
April 6, 2020 | Pierre Mitchell
The mission of our “Coronavirus Response” series is to examine categories of relevant solutions and example providers that professionals in procurement, finance and supply chain organizations should investigate to reduce coronavirus supply risk. We’re calling the pandemic a “grey swan” because pandemics are not unknown risks. If you look at the 2019 World Economic Forum…
Category Analytics and Intelligence Providers: Defining and Exploring a Nascent Market for Procurement Solutions (Part 4 — IT, Marketing and Should-Cost Software) - [PRO Content]
February 14, 2020 | Spend Matters Analyst Team
This final PRO installment of Spend Matters’ assessment of category analytics and category intelligence looks at providers focused on IT, marketing and should-cost modeling/analysis. Accurate intelligence and benchmarks on goods and services are essential to effective sourcing, yet few procurement organizations have comprehensive coverage for all data sources across all categories that they manage. So…
Category Analytics and Intelligence Providers: Defining and Exploring a Nascent Market for Procurement Solutions (Part 3 — Labor/Services and Transportation) - [PRO Content]
February 12, 2020 | Spend Matters Analyst Team
Accurate intelligence and benchmarks on goods and services are essential to effective sourcing, yet few procurement organizations have comprehensive coverage for all data sources across all categories that they manage. So to help practitioners get a better lay of the category intelligence and analytics landscape, Spend Matters has begun a market scan of technology, data/benchmarking…
Category Analytics and Intelligence Providers: Defining and Exploring a Nascent Market for Procurement Solutions (Part 2 — Direct Materials, Indirect Materials and Cross-Category Specialists) - [PRO Content]
February 11, 2020 | Spend Matters Analyst Team
Accurate intelligence and benchmarks on goods and services are essential to effective sourcing, yet few procurement organizations have comprehensive coverage for all data sources across all categories that they manage. So to help practitioners get a better lay of the category intelligence and analytics landscape, Spend Matters has begun a market scan of technology, data/benchmarking…
Category Analytics and Intelligence Providers: Defining and Exploring a Nascent Market for Procurement Solutions (Part 1 — Introduction) - [PRO Content]
February 10, 2020 | Spend Matters Analyst Team
If data is the new oil, then identifying the reservoirs and shale formations from which to extract prices, benchmarks and other pertinent purchasing information is a critical task for procurement and supply chain organizations. Why? Because the success of any sourcing effort depends on not just identifying the appropriate specifications and suppliers to satisfy a…
SIG dispatch: Leasing Spend — The Hidden Double Digit (millions) Category Savings Opportunity! (Part 1)
October 17, 2019 | Jason Busch
At SIG’s Global Executive Summit this week in California, two sessions, a mainstage panel and a breakout session, focused on the opportunity for lease sourcing. Two LeaseAccelerator execs — Steve Keifer, VP of Marketing, and Ingemar Lanevi, VP of Global Lease Sourcing Solutions — ran the sessions. EVERY procurement leader and category manager who has…
Contract Workers Needn’t Be Bad News — Unless You Allow Them to Be
May 30, 2019 | Guest Contributor
Spend Matters welcomes this guest post from Pradeep Chauhan, founder of OnContracting, an online directory of U.S. staffing agencies that helps jobseekers find temporary contract jobs. Companies’ procurement of contract workers has in recent times become a flashpoint, sometimes tarnishing the pristine reputations of even the most reputable companies. A number of stories in the media…
Visibility is Key to Managing CSR Risks in Indirect Spend, EcoVadis Says (Part 3)
May 9, 2019 | JP Morris
Indirect spend often gets overlooked by businesses because the outcomes from buying those goods and services are not the company’s core product, which relies on direct spend. But the potential for lost money and increased risk is so great that businesses must find a way to manage indirect spend. “The broad reach of indirect spend,…
3 Areas Where CSR Risks Hide in Your Indirect Spend (Part 2)
February 18, 2019 | Nick Heinzmann
Because procurement is so often measured on cost savings as its primary KPI, another essential factor can be left by the wayside: risk. Especially when it comes to corporate social responsibility (CSR) and sustainability, risk remains hidden within indirect spend. To see how these dangers go unaddressed, here are three areas with examples of where…
Achieving a Personalized Buying Experience for Businesses - [Sponsored Article]
January 29, 2019 | Doug Cerny, Amazon Business and Srikanth Avadhanam, Amazon Business
Today’s technology enables fine-grained customization and personalization. When applied correctly, personalization can lead to a better customer experience and higher sales or engagement. If applied poorly, it can detract from the user experience, causing frustration and possibly missed sales. In this article, we’ll walk through some of the personalization that can be enabled when using…
Addressing CSR and Sustainability Goals Through Improved Indirect Spend Management (Part 1): Background and Challenges
December 19, 2018 | Nick Heinzmann
The list of corporate social responsibility (CSR) and sustainability risks in the physical supply chain is long. When securing direct materials, procurement organizations must assess factors from restricted or hazardous substances to the kind of labor that went into raw material extraction and even political restrictions like sanctions on whether companies from certain countries are…

Procurement Leaders moves its event to the fall as a coronavirus precaution : Loqualist said : Tough times for business. Entreprises have to be strong. Where can we find the exact new dates for t...

AI will shift our industry even more than the internet did 20 years ago. Here’s why. : Peter Smith said : "AI will shift our industry even more than the internet did 20 years ago" Nope. Don't think s...

The state of dynamic discounting in B2B payments : David Gustin said : Yes, because they do not offer an einvoicing or AP automation software. They are more a Treasury to...

The state of dynamic discounting in B2B payments : Robert Solomon said : Hasn't C2FO made an entire business based on taking gain share from dynamic discounting?...

5 Tips and Considerations for Your Next Spend Analysis RFP : Puneet Jain said : What is a typical spend threshold when a company should go for an RFP for sourcing indirect purchase...