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Women in Procurement Wednesday: Shannon Kreps on pushing yourself to find a voice in the procurement world
February 17, 2021 | Sally Ehrmann
Procurement bridges business operations, so it’s imperative that the professionals running the department become a jack of all trades. It involves a mixture of data analytics and project creativity, or the combo of teamwork and being self-sufficient. That’s exactly what Shannon Kreps strives for as the vice president of product marketing at Medius, a provider…
New Hackett research: Spend cost reduction back at the top of the CPO agenda
February 2, 2021 | Nancy Clinton
The Hackett Group has published its latest research into CPO key issues for 2021. “Procurement must continue to focus on its core mission of spend cost reduction,” the report states, “leveraging digital tools and business partnerships to maximize savings. For example, specialized procurement technologies can elevate the strategic sourcing process, and leveraging new data sources…
Why source-to-pay technology needs to support ‘plan to pay’ for better planning in spend and supply management
January 21, 2021 | Pierre Mitchell
Given the current business environment, good planning has never been more important, and this certainly includes finance, operations and procurement. We’ll explore the “plan to pay” topic in this post and, later today, in a Spend Matters PRO post for subscribers about GEP's Budget-to-Pay offering that addresses this area. Finance should engage the business to…
Spend Friends podcast discusses the human side of supplier innovation
January 14, 2021 | Sally Ehrmann
Despite its focus on technology, procurement innovation will shift the industry's attention to more of the human-centric side of doing business — specifically in supplier innovation, said Clive Heal, an innovator and keynote speaker at CRH Innovation. Heal joined Spend Matters and CIPS in the second episode of the video podcast Spend Friends. It's a…
Procurement in Practice: ‘It’s always the people at the end of the supply chain that get squeezed’
January 11, 2021 | Nancy Clinton
Spend Matters is running a series of interviews with senior procurement and supply chain practitioners to highlight and share common experiences with their peers. We are discussing their challenges, their thoughts on people, process and technology, and their concerns or hopes for the future, across many industries. The publishing industry, like all industries in recent…
2021 Procurement and Supply Chain Predictions from the market — State of Flux and Digitate
January 5, 2021 | Nancy Clinton
Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the market again provides its predictions for the next 12 months and beyond,…
2021 Procurement and Supply Chain Predictions from the market — Basware and Nvoicepay
December 31, 2020 | Nancy Clinton
Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the market again provides its predictions for the next 12 months and beyond,…
CIPS and Spend Matters launch ‘Spend Friends’ monthly podcast — with a list of Top 10 challenges for 2021
December 18, 2020 | Sally Ehrmann
As part of a new partnership, the Chartered Institute of Procurement and Supply (CIPS) and Spend Matters launched a video podcast this week called “Spend Friends” to discuss all things spend management, supply chain, risk and everything else under the procurement umbrella. The podcast is hosted by Bill Michels, the VP of Operations — Americas…
Companies need to adopt spend agility to survive and thrive post-COVID
December 17, 2020 | Guest Contributor
Spend Matters welcomes this guest post on spend agility from Nikesh Parekh, the CEO of Suplari, a specialist in spend analytics and supplier management. Companies need to adopt spend agility — the ability for enterprises to rapidly assess, predict and change spend, investments and operations strategy in real time. That ability helps you create value…
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…
Coupa and complexity: Acquisitions, tech integration and customer issues - [PRO Content]
December 15, 2020 | Magnus Bergfors and Pierre Mitchell
As veteran industry analysts in this space, we closely watch procurement technology developments — engaging with solution providers, their customers, implementation consultants and the broader market. Coupa’s aggressive M&A activity over the last couple of years (four this year alone) has shifted the market landscape, but also the Coupa solution landscape for its current customers.…
Future 5 start-up winner Teampay talks spend management unification
December 10, 2020 | Nancy Clinton
Teampay, a procurement spend management solution, is becoming known as a modern variation on the e-procurement world, and was also recently named a Future 5 start-up by Spend Matters. We chatted with Teampay’s CEO Andrew Hoag to learn more about the solution and to get a first-hand understanding of just what it means to be…

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Greensill Capital’s troubles, supply chain finance — and where do we go from here? : Markus Hornburg said : Today the German financial regulators effectively closed Greensill Bank in Germany. The fallout will...

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...