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Spend Friends podcast discusses the human side of supplier innovation

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…

Delivering Value Beyond Savings — Procurement’s Role in Times of Disruption

Deeply hit by the COVID-19 pandemic, companies are now exploring innovative ways to drive additional profits and increase revenue. Hard-hit sectors like manufacturing, entertainment, transportation and hospitality, to name a few, remain gripped by uncertainty. It may take a while, years in some cases, for companies in these industries to recover to pre-COVID levels. Companies…

Accounts Payables Automation update (Part 2) —  Re-evaluating e-pro, supplier enablement, invoicing, payments, financing, analytics [PRO]

As Spend Matters re-evaluates the AP automation sector’s technology developments, Part 2 of this PRO analyst series will focus on the six key elements of AP automation that we evaluate for our SolutionMap’s scoring and ranking of vendor offerings. (Don't read this without reading Part 1, about re-evaluating the tech developments in AP automation.) We…

Accounts Payables Automation update (Part 1) — Re-evaluating the sector’s technology developments [PRO]

Accounts payables is a business process with great operational workload that needs to be handled with great efficiency and effectiveness. If not done well, it might generate significant additional costs to the business and add risks like business fraud or damage commercial relationships with suppliers — all of which harm a company’s bottom line. Although…

OMNIA Partners

Shaping the future of procurement through power, access and trust. OMNIA Partners is one of the largest and most experienced purchasing organizations for public and private sector procurement. Our immense purchasing power and industry-leading suppliers have produced an extensive portfolio of procure...

Afternoon Coffee: Visa acquisition of Plaid is canceled; The Smart Cube updates Amplifi PRO platform; Agiloft hires new chief product officer

In today's headlines, an attempted acquisition of the fintech offering Plaid by Visa was officially canceled after a yearlong effort. In other news, The Smart Cube released a new version of its on-demand digital procurement intelligence platform, Amplifi PRO. Also, Agiloft hired Andy Wishart, formerly of Thomson Reuters, as its new chief product officer. Afternoon…

Prewave: Vendor Analysis — Solution & Platform Overview, Vision & Roadmap, Market Analysis and Analyst Assessment [PRO]

This Spend Matters PRO Vendor Analysis provides an overview of the supply intelligence provider Prewave, its solution, technology, value proposition and position in the marketplace. The COVID-19 pandemic has clearly highlighted the danger of losing visibility of upstream supply conditions. Many critical suppliers have been threatened by severe demand reductions and internal operational challenges (including…

Silver linings from the pandemic — an analyst’s eye on procurement and supply chain predictions for 2021

Spend Matters has just finished a series of procurement and supply chain predictions for 2021, with commentary from about 20 leading procurement technology and intelligence providers. Together their foresight runs to 60+ predictions, with the majority of providers unsurprisingly backing supply chain risk mitigation as the forerunner to get firms through 2021 and beyond. Certain…

Procurement in Practice: ‘It’s always the people at the end of the supply chain that get squeezed’

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…

Tell us about your experience with complex services procurement using technology: A Spend Matters and SIG Survey

Each year, organizations spend over $20 trillion globally on all kinds of services, according to some estimates. Services in the US make up, on average, nearly 60% of organizations’ total non-payroll external spend (and that can be significantly higher in some industry verticals). The effective management of services spend has been a perennial topic of…

Marketboomer: Vendor Analysis — P2P Solution Overview, Roadmap, Customer Feedback, Marketboomer Competitors, Analyst Insights  [PRO]

This Spend Matters PRO will look at Marketboomer, a provider whose procure-to-pay offering is called Purchase Plus. When we talk about P2P solutions, we normally refer to horizontal solutions — those that cover the requirements of a wide range of industries and markets. P2P vertical solutions, however, cover the requirements of specific industries, given their…

After this college freshman spent his COVID quarantine building a $200 million PPE supply chain, he’s ready for more

The whole world went into overdrive in the spring and summer to ensure proper supplies of key disease-fighting products. And although the world is shifting into a new procurement issue — the mass vaccination effort — PPE is still being relied upon to help prevent the spread of coronavirus. Since Jack Yuan's company’s inception in…

EC Sourcing: Vendor Analysis, 2021 update (Part 3) — SWOT, EC Sourcing Competitors, Tech Selection Tips, Analyst Summary [PRO]

This final installment of our updated three-part Spend Matters PRO Vendor Analysis of EC Sourcing series provides a company SWOT assessment, a look at EC Sourcing’s competitors and how the provider compares to competing vendors that customers may wish to shortlist. This post also includes a user selection guide and summary evaluation. There is a…

2021 Procurement and Supply Chain Predictions from the market — SAP (part 2)

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, using learnings…

EC Sourcing: Vendor Analysis, 2021 update (Part 2) — Product Strengths and Weaknesses [PRO]

This Spend Matters PRO Vendor Analysis update explores EC Sourcing’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations determine if they should shortlist the vendor as a potential provider. Many procurement organizations at larger firms will soon be on their second (or even third) set of e-sourcing technologies, with many using…