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Release note, SolutionMap Spring 2021: Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management and Strategic Procurement Technology (SPT) Suites
April 20, 2021 | Spend Matters Analyst Team
This Spend Matters SolutionMap Insider release note provides insight into the SolutionMap Spring 2021 release for the following five categories: Sourcing, Spend and Procurement Analytics, Supplier Relationship Management, Risk (SRM), Contract Lifecycle Management (CLM), and Strategic Procurement Technologies Suite (SPT). The note reviews the process we follow and highlights what has changed since the last…
Creactives: Vendor Analysis (Part 1) — Solution overview, strengths/weaknesses, tech selection tips - [PRO Content]
April 6, 2021 | Michael Lamoureux
In this two-part Spend Matters PRO series, we will overview Creactives' unique technologies and capabilities that make it a vendor that every global multinational sourcing direct materials should be considering as part of their overall source-to-pay and/or supply chain technology arsenal. While there are a large number of traditional solutions for material master data management…
Investor perspective: The rise of category spend solutions in enterprise procurement
April 5, 2021 | Guest Contributor
Spend Matters welcomes this guest post from Jack Freeman, Principal at PeakSpan Capital who is a growth-stage software investor. In a previous post titled “Investor perspective: The Rise of Verticalized Supply Chain in Large Enterprise SaaS,” we discussed the merits of focusing on a single end-customer vertical. While there were light references to category solutions like Yapta,…
Spend Friends podcast: Supply chain resiliency comes from people and sharing information, expert Steve Hollis says
March 15, 2021 | Sally Ehrmann
As businesses try to solve the supply chain problems seen during the coronavirus disruption, the answer actually lies in people and relationships, according to Steve Hollis, a business owner who said supply chain resiliency comes when suppliers share information with one another and see the spend through to the end. Last week, Hollis was a…
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…

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After Basware, Justin Sadler-Smith joins Jaggaer to lead Northern European sales, talks innovation with Spend Matters : peter smith said : Good move for Jaggaer - Justin knows what he's doing! Look forward to seeing how he makes his mark. ...

Proactis to be acquired by Pollen Street Capital : peter smith said : Jason Busch successfully predicting M&A developments in the procurement technology world? Well I...

Public Sector Services: What a ‘Person Year’ is and Other Work-Hour Quirks for Government Contracting : Nick deVries said : The average service provider responding to a public sector RFP can be confident the productivity of ...

5 Essential E-Procurement Operations Capabilities : Elizabeth Mabinty Amara said : These note are useful...

Digitally upgrading procurement: How to build a business case for the transformation : Benjamin Sim said : Great article. When building a TOM, aligned benefits and change management considerations are also c...