EU Content

Doing good is tough — As ‘The Good Place’ shows us

Good

Peter Smith writes about the challenges of good buying in a complex and inter-connected world, using a TV show analogy. These challenges relate not just to how consumers understand the effect of what they buy, and take into account their preferences when they assess options in terms of choosing products, services and suppliers, they are also relevant when we choose the organizations we want to work for. But as we see more competition for the brightest and best staff, the temptation will be for organizations to present themselves potentially in an unrealistically positive light.

That is why information and data are key in the world of corporate sustainability and purpose. We need to know as far as we can whether we are doing good or harm. We will always have to rely on the honesty of organizations to some extent, but there also must be checks and balances, independent validation, investor and government oversight and so on. Read his analogy here.

Public Spend Forum: Riskiest smart city techs and Moth+Flame VR for emotional distress

VR military

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public buying everywhere. GovShop is its free-to-use global government market research tool for finding and connecting with suppliers. Here's the latest from PSF ...

IT procurement and ITAM: A blossoming relationship in asset management that you can’t afford to ignore

ITAM

Over the course of the last decade the discipline of IT asset management has been slowly rising out of the shadows. It was once the back-office team known for "counting computers," but has pulled itself out of the basement and up to the more senior levels of the business. In fact, according to research by the ITAM Review in 2018, 37% of ITAM practitioners were already reporting directly to the C-suite, and according to Martin Thompson, founder of the ITAM Forum, a non-profit organization that champions the ITAM industry, this trend is continuing to grow.

So what is ITAM, and what does it have to do with procurement? Harinder Bansal, Head of IT Procurement at Motability Operations Ltd, shares his thoughts on why the procurement/ITAM relationship is mutually beneficial.

How supplier collaboration can lead to growth and sustainability

supplier collaboration

Enterprises large and small are realizing the extended gains to be had from collaboration, both with suppliers and partners, to bring an opportunity to drive synergies. Those might come from joint initiatives on R&D, expanding business reach that is not possible within their own confines, or working to optimize costs for the consumer. It is when they extend these collaboration models to more and more, perhaps tens of thousands, of suppliers that business capabilities increase. This is a business model that is becoming not just more common but essential, and is one which needs managing as the number of suppliers we work with increases. Many firms seek technology that can help them cultivate and manage those alliances at scale.

Multinational consumer goods firm Unilever explains how it is actively pursuing a partner and supplier collaboration approach and forging a world-changing initiative with a responsibility for sustainability, people and the planet. “In order to achieve our sustainable growth ambition, we must collaborate with our suppliers and partners, and the technology we use to facilitate that engagement plays a vital role,” explains Alexandra Tarmo, Head of Partnerships & Social Procurement at Unilever.

BT Sourced, based in Dublin, announces use of Globality AI-powered Smart Sourcing platform

Globality

Today, Silicon Valley-headquartered tech firm Globality announced a partnership with BT Sourced to use its AI-powered Smart Sourcing® platform.

“BT’s changing and so is procurement,” said CPO Cyril Pourrat. “Digitization is the driving force for long-term growth and value to the BT customer and operating model. Partnering with Globality will help us to embrace digital technology and simplify our processes … Having immediate access to our current suppliers and Globality’s diverse global network will bring agility and new value to our teams.” BT now uses Globality’s AI advisor, Glo™ to quickly and easily source the best suppliers for consulting, marketing, IT, HR, legal and other service categories. Here's the news in full ...

Webinar with Medius: Why AP is a fundamental partner to procurement

AP

On April 27 Spend Matters will be joined by spend management solutions provider and specialist in AP automation, Medius, to talk about how organizations can drive growth through best-in-class process efficiency between procurement and AP, leading to cost-savings opportunities and greater financial control (register here).

A specific focus of the discussion will be on the financial control theme, recognizing that when it comes to spend management process improvements, whether from technology implementation or behavioral change, it is more often than not the last step in the process that gets left out: AP. Whether digitizing or automating processes, it’s important to do that for the whole process, not just part of it if we want to see comprehensive results. So this webinar aims to explain the imperative of making Accounts Payable part of your process improvement process, and why AP is such a valuable partner to procurement, and vice versa.

Public Spend Forum: Powering women-led tech companies

women-led

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public buying everywhere. GovShop is its free-to-use global government market research tool for finding and connecting with suppliers. Here's the latest from PSF ...

Brexit — a challenge or an opportunity for CPOs?

Brexit EU CPOs

Spend Matters welcomes this guest post from Philip Woode, Principal at Efficio Consulting.

Britain leaving the EU brought about the biggest change in the UK’s trading relationships for decades. While Brexit appears to be the main factor for some disruptions, global supply chain problems resulting from the pandemic and the impact on trade in general from Covid are also being cited. Amidst the ongoing chaos caused by events in 2020, it has become apparent that rather than a single event, Brexit will see businesses face a series of smaller obstacles that are yet to be fully realized.

With so many moving parts, do you have the ability to change your strategy and react quickly? Supply chains were certainly stress-tested in the lead up to Brexit, and this uncovered procurement weaknesses and inefficiencies that were already in existence. Constant change requires a more joined-up business and the ability to adapt quickly. So, when faced with an unavoidable catalyst for change, like Brexit, does that change represent more of a challenge or an opportunity for the CPO? Efficio discusses.

Ivalua NOW — Covid has changed companies’ boundaries: More opportunities for procurement

Ivalua Now

Ivalua NOW wasn’t all about Ivalua – they had some excellent sessions on a variety of topical issues, one of which took our eye.

Natacha Tréhan PhD, Professor in Purchasing Management from the University of Grenoble Alpes, gave an informed and thoughtful presentation on the contribution of procurement to economic renewal. She believes “we can no longer copy and paste the past, the Covid crisis has highlighted the urgent need to rethink business models.” She explained the key future trends and how they impact business models and why innovation is crucial to economic renaissance. She explained what we mean by innovation in the procurement sense, and how procurement needs to rethink its role in innovation projects to explore new ecosystems and choose and manage suppliers to increase the success of innovation projects.

What role can procurement play in freeing up cash in the wake of Covid?

liquidity

Companies in diverse industries, including manufacturing and retail, are bracing for a hit to their results amid halted production, supply issues and changed consumer behavior. Reduced revenues can impact a company’s overall financial situation and force them to rely on liquidity reserves, raise additional capital or reduce spending to make up for a shortfall. Adding to the challenge is uncertainty about how long the pandemic will last, which means that companies have to draw short-, medium- and long-term contingency plans. While the list of things for leaders to consider is endless, the procurement function is a good place to start.

Enno Arne Lueckel, VP of supplier information management experts scoutbee, asks Pamela Hackett, CEO of global operations consulting firm Proudfoot about how business leaders can increase their liquidity.

Procurement in Practice — Handling unique sourcing complexities at Carnival Cruise Line

Carnival Cruise Line

Carnival Cruise Line Chief Procurement Officer Norbert Dean joins us for this month's Procurement in Practice interview, which gives procurement professionals insights into how major players in the market handle issues that affect all procurement practitioners. Today, Dean discusses procurement technology and explains why sourcing for a 24/7, constantly moving operation poses some unique sourcing challenges.

“The difference between this industry and others, is that people stay on board. So it’s rather like sourcing for a giant hotel in terms of the breadth of products and services required. That might be the combination of food and beverages, the medical items and equipment, and especially PPE right now, the consumables people use every day, the hotel goods or the cleaning products and services. And then you have to factor in the quarterly and annual necessities, like changing out the TVs and mattresses — it’s a year-round operation," he says. "... It’s a tricky business when it comes to delivery times for all goods and services; they must be on time, because when the ship leaves, it leaves."

Public Spend Forum: GovCon Summit and podcast with former White House officials

GovShop

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public buying everywhere. GovShop is its free-to-use global government market research tool for finding and connecting with suppliers. Here's the latest from PSF ...