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Spend Friends podcast discusses importance of data quality with Robert Handfield
February 11, 2021 | Sally Ehrmann
Procurement needs to focus on its data quality, according to Robert Handfield, a distinguished professor of supply chain at North Carolina State University. Handfield was the latest guest on the Spend Friends video podcast series. Spend Friends is a monthly talk hosted by Bill Michels, the VP of Operations — Americas at the Chartered Institute…
What the Jason Alexander hoodie ad teaches us about the past and future of spend analytics capabilities - [PRO Content]
February 10, 2021 | Michael Lamoureux and Jason Busch
One of our favorite Super Bowl advertisements this year was the Jason Alexander “hoodie” — a totally hilarious plug for Tide. Any true “Seinfeld” fan knows that you’re usually laughing at George Costanza, not with him, but somehow you feel sorry for the guy, at least part of the time, which is precisely why this…
Is the problem that services spend is complex or simply that you have bad spend data? - [Sponsored Article]
December 16, 2020 | Nina Vellayan, President & CEO, Xeeva
When it comes to services spend, many organizations find it difficult to manage. CPO Innovation reports that “services spending can range from almost 50 to 80% of what firms buy from outside vendors.” Just like any category of spend, especially indirect, it all goes back to the data. There’s the adage, “if you can't measure…
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation (Part 8) — Beyond Continuous Improvement - [PRO Content]
December 2, 2020 | Pierre Mitchell
This is the last of our multi-part Spend Matters PRO series on transformation, focusing not just on digital procurement transformation, but also a broader supply-aware transformation of the value chain and the business (i.e., spend management and supply management improve business management). In the previous installment, we covered: How procurement can use an empathetic, but…
Ignite Procurement: Vendor Analysis (Part 1) — Solution Overview, Strengths/Weaknesses, Tech Selection Tips - [PRO Content]
November 18, 2020 | Michael Lamoureux
Ignite Procurement is an analytics start-up that we’ll examine in a two-part Spend Matters PRO Vendor Analysis, and it’s part of our deep dives on various analytics vendors this year. Analytics is becoming more necessary for procurement organizations to get a handle on their spend. More and more organizations are realizing this, but few organizations…
Procurement Data Integration: A crucial step in digital transformation
October 26, 2020 | Guest Contributor
Spend Matters welcomes this guest post from Sergii Dovgalenko, CPO at JSC Ukrainian Railway. During these times of Industry 4.0, many companies have substantially progressed on the path toward digital transformation. Fellow procurement colleagues operate their new shiny source-to-contract suites, P2P and SRM tools. However, one critical aspect of digitalization sometimes remains forgotten or insufficiently…
SIG Summit opens with talk of CPOs, shareholder value, spend analytics
October 14, 2020 | Sally Ehrmann and Morgan Zombolas
The Sourcing Industry Group (SIG) kicked off its 59th Global Executive Summit on Tuesday with conversations covering procurement, finance, sourcing, cost savings, artificial intelligence, category management, workforce, data analytics and more. The Summit continues on Wednesday and Thursday.
SolutionMap Fall 2020 launches, now ranking 77 procurement technology vendors
October 1, 2020 | Spend Matters Team
Grab a comfy sweater and a hot pumpkin spice latte (don’t judge): It’s time for the latest SolutionMap release. With today’s launch of the free SolutionMap Fall 2020 release, Spend Matters’ analysts have assessed 77 procurement technology vendors, adding 12 providers since our Spring 2020 update. SolutionMap, which began in 2017, has become the definitive…
Release note, SolutionMap Fall 2020: Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management and Strategic Procurement Technology (SPT) Suites
October 1, 2020 | Spend Matters Analyst Team
This Spend Matters SolutionMap Insider release note provides insight into the SolutionMap Fall 2020 release for the following five categories: Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, and Strategic Procurement Technologies Suite. The note reviews the process we follow and highlights what has changed since the last release. This…
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation (Part 3) — Digitally Enabled Engagement, Outcomes, Demand and Spend - [PRO Content]
September 22, 2020 | Pierre Mitchell
In the first installment of this Spend Matters PRO series, we kicked off our analysis of how progressive organizations are influencing spend and stakeholders at a deeper level beyond traditional sourcing influence. In Part 2, we discussed how progressive procurement organizations were improving their influence through coherent communication and alignment of procurement “services” to various…
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation (Part 2) — Empathy, Alignment, Mission, Brand and Procurement Service Delivery - [PRO Content]
September 3, 2020 | Pierre Mitchell
In the first installment of this Spend Matters PRO series, we kicked off our analysis of how progressive organizations are influencing spend and stakeholders at a deeper level beyond traditional sourcing influence. In this next edition, we’ll dive into some strategies for deeper and more meaningful engagement with stakeholders, and some examples from some progressive…
Spendata: Rewriting Spend Analysis from the Ground Up - [PRO Content]
July 16, 2020 | Michael Lamoureux
Two years ago, we introduced you to Spendata (in our PRO Vendor Analysis Part 1 and Part 2 series) as one of the newest entrants to the spend analysis space, founded by some of the oldest veterans in the market. They've been designing and building analytics solutions for over two decades, and have already defined…

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E-procurement as a strategic weapon — With BuyerQuest acquisition, ODP preps for war in omnichannel B2B : Jason Busch said : From an antitrust standpoint, I wonder if this makes ODP + Staples look like less of a competitor by...

Procurement in Practice: Sustainability — Getting from the pledge to action at Bayer : Fabian Lampe said : Having worked for Bayer and Unilever I really must say that the pledge and the ambition is bold and ...

Demystifying the role of technology in supply chain finance: Blockchain : Riya Kaif said : Insightful article on the role of blockchain technology in supply chain finance. Looking forward to ...

Study Finds Nascent Adoption of AI and Robotics in Retail and Manufacturing Supply Chains : Elena said : As robots increasingly move from warehouses to shopfronts, embedding Artificial Intelligence (AI) in...

Afternoon Coffee: November PMI registers seventh consecutive month of growth; US Supreme Court hears suit on child labor in cocoa supply chain; Medius announces partnership with Changepond : Oliver Harris said : Indeed, RPA is the primary factor and an entry-level strategy to digitally transform your business e...