Another investigation and analysis of cheap steel imports coming to the U.S. was ordered yesterday by President Donald Trump. The Commerce Department will recommend to Trump whether or not to invoke Section 232 of the Trade Expansion Act of 1962, an action that would treat dumped steel imports as a threat to national security. The Week in Metals brings you the latest in procurement and supply chain news from our sister site MetalMiner.
The Industry News Category
It’s spring, and ‘tis the season for sustainability and corporate social responsibility reports. As there’s been a glut of them out lately, with the majority running dangerously close to novella-length, Spend Matters read them so that you don’t have to. Here’s a roundup of the latest reports, plus the best, fanciest chart they had to offer.
Jaggaer Beyond the Rebrand: Building an Integrated Procurement Suite and Industry-Specific Capabilities
Earlier in the year, Jaggaer (formerly SciQuest) announced a new release Gazelle (17.1), which marked the largest set of enhancements to the solution set since Accel KKR’s acquisition of the company and the subsequent changing of the product development and management guard at the vendor. While the Spend Matters team is looking forward to getting a full deep dive of the latest product releases as part of our SolutionMapSM efforts in the coming weeks, we recently spent time with Jaggaer to understand some of the product philosophies and investments the new team is embracing, as well as to take a cursory look at some of the suite's new capabilities and new stack-level investments
The median salary of supply chain managers/directors dropped to $117,000 from $129,000 last year, according to Logistics Management’s latest annual survey of logistics and supply chain salaries. The survey results are based on 687 qualified respondents, 55 of which were supply chain managers/directors. Median salaries for employees whose primary job function is supply chain management fell to $110,000 from $120,000 in 2016.
This week, the Department of Commerce announced in a press release that it is exercising its authority under Congress for the first time to address market distortions in the production of foreign merchandise, particularly oil country tubular goods (steel pipes and supporting sections) from the Republic of Korea. Administrative review allows Commerce to calculate dumping margins that “more accurately account for the unfair pricing practices of foreign exporters.” The Week in Metals brings you the latest in procurement and supply chain news from our sister site MetalMiner.
Last Friday, the U.S. Securities and Exchange Commission announced that it is scaling back the more costly parts of its conflict minerals rule. As indicated in Section 1502 of the Dodd-Frank Act, companies are required to disclose whether their products contain tin, tungsten, tantalum and gold (3TG) sourced from the eastern regions of the Democratic Republic of Congo, where large shares of mining profits go to various armed rebel groups.
New technologies such as renewable energies and energy efficiency rank high in impact on priorities for global energy leaders, according to the World Energy Council’s eighth and latest annual report, The World Energy Issues Monitor 2017: Exposing the New Energy Realities. The report surveyed more than 1,200 energy leaders (CEOs, ministers, experts) in 95 countries on the issues that keep them “up at night.” One of the biggest, as shown in the upper right quadrant of the chart below, is commodity prices.
This Spend Matters PRO brief, part of a series analyzing Coupa’s acquisition of Trade Extensions (see also here and here), provides recommendations for Trade Extensions and Coupa customers and partners surrounding the acquisition.
Spend Matters has spoken or met with many of Trade Extensions’ largest customers in recent years (most of which prefer to remain unnamed) and the most advanced organizations view it as the tool that affords the highest degrees of competitive advantage across the procurement technology spectrum relative to peers in as much as how it is used than what it has the potential to do. This is key. In fact, there are material levels of diversity among Trade Extensions users even in the same industry. Many customers expose some parts of Trade Extensions’ potential yet could get away with another optimization solution for at least some of their events, if not all. Yet best-in-class procurement organizations unleash its full potential to drive competitive sourcing and supply chain advantage.
Whether you view Trade Extensions and sourcing optimization at this level or more tactically, this Spend Matters PRO brief provides insight and recommendations into the combination of the two providers. It is divided into three sections: Trade Extensions customer recommendations, Coupa customer recommendations and partner recommendations.
Today’s spotlight is on Kiara Conde, a transformation analyst at Shell who started as an intern at the company in 2012. Five years later, Conde is a campus ambassador to her alma mater, the University of Houston, and the co-founder of an internship program. What helped her nomination stand out in this year’s “30 Under 30” competition, however, was when she took advantage of historically low oil prices to deliver millions of dollars in bottom-line savings for Shell. Conde shared her thoughts with Spend Matters on having a work-life balance, millennials in the workforce and — attention, interns — three pieces of work advice for young professionals who want to stand out from the crowd.
This Spend Matters PRO brief provides a solution and market analysis of Coupa’s announced acquisition of Trade Extensions. Based on subscriber feedback, we’ve already been asked to go into details about what makes Trade Extensions’ optimization capability different from Jaggaer ASO (formerly CombineNet), BravoSolution, Keelvar, Determine/Iasta and Emptoris (IBM).
In addition, this brief offers a broader market-based analysis of the acquisition. As always, we invite Spend Matters PRO advisory customers to reach out to us for more insight behind our thinking and also to discuss if Trade Extensions is right for them (as well as alternatives). We will publish a separate customer and partner analysis PRO research brief later this week.
Given our knowledge and background in this market, we tried to think of an analogy to describe the combination of Coupa and Trade Extensions’ strategic sourcing capability. We think we’ve got a good one. However, we’ll share this analogy at the end of this research brief. First, to focus on what really matters, we’ll delve into some of the less superficial solution, customer and market analysis.
Why Is There a Dearth of Female Supply Chain Students? A Conversation with UT-Knoxville’s Wendy Tate
When I wrote to Dr. Wendy Tate, associate professor of supply chain management at the University of Tennessee – Knoxville, asking her to give a piece of advice for women working in supply chain for an International Women’s Day-themed article last month, she gave five. “I could probably go on for a very long time,” she wrote back. “This is a topic that is near and dear to my heart and I spend a lot of time with women students going into supply chain positions!”
Something strange has been happening to the highly regarded supply chain program at UT-Knoxville. Over the past few years, the program has seen a significant drop in the number of female students, even though overall enrollment is as high as ever. I talked to Dr. Tate recently to find out why, as well as learn about how young women can succeed in supply chain and her thoughts on the conventional wisdom regarding women’s supposedly innate professional qualities.
The largest aluminum producer in the People’s Republic, China Hongqiao, suddenly finds itself on the hot seat. China’s traditionally opaque reporting structure has allowed some firms to present their results in a less-than-honest way, and auditor Ernst & Young has flagged its client as needing more review. The Week in Metals brings you the latest in procurement and supply chain news from our sister site MetalMiner.