General News Content

Afternoon Coffee: Workspend Snaps Up DCR Workforce’s MSP Business; Japan’s F35-A Procurement Plans Still On

Workspend, a New Jersey-based managed service provider (MSP), has announced that it has acquired DCR Workforce’s MSP business. Reuters reports that the United States is set to ask buyers of Iranian oil to end imports soon or face sanctions themselves. And Japan’s defense minister has said his country was still firm on plans to buy the F-35A stealth fighter from the U.S., despite a crash of one of the jets a few days ago. Afternoon Coffee: hope you're reading this latest procurement and supply chain news at Chotchkie's on this Monday.

Afternoon Coffee: Google’s Private Catalog ‘Gains IT Procurement Powers’; Volkswagen Tracking Cobalt Supply Chain

IT admins across the enterprise will now be able to wield more control over accessibility of apps, thanks to Google Private Catalog. A controversial bill that may give Duke Energy the leeway to hike rates multiple times in the next five years has been passed by the North Carolina Senate committee. And Volkswagen will now be part of a global blockchain-based supply network that includes Ford and IBM for responsible sourcing of strategic minerals, including cobalt. Afternoon Coffee: grab a cup and have a great weekend.

From Watch to Know in 2019: State of Flux Focuses on User Experience in SRM

Each year, some companies on Spend Matters’ 50 Providers to Know list and the list of 50 to Watch honorees here in the Spend Matters Almanac push themselves beyond simply a standout performance. They earn the recognition that they are not only bringing innovation into procurement organizations but also leading the charge to change the way we do business for the better. These are the providers who shifted from Watch to Know in 2019, like State of Flux.

To learn more about these providers, we reached out to a few such cases in our 2019 50/50 lists, asking how they’ve changed over the years and what differentiates them from the competition. Today’s Q&A features State of Flux Chairman Alan Day.

Afternoon Coffee: Honeywell, Boeing in Potential Deal; Shiftgig Pivots from Staffing to Technology

Aviation parts supplier Honeywell International Inc has been examining the revenue potential of supplying parts to Boeing’s next major aircraft program. Shiftgig, the Chicago-headquartered, digital platform-based intermediary that connects workers and local hospitality and event businesses, announced that it plans to become a pure-play technology business. And Walmart and HSBC come together on a sustainable supply chain finance program. Afternoon Coffee: shift to decaf if you must, but get your procurement and supply chain news here.

50/50 Webinar: Lessons Learned from the 2019 Providers to Watch and Know

Now that Spend Matters’ 50 Providers to Know and 50 Providers to Watch lists have been released, we are diving deeper into the sets of honorees and examining the market trends they demonstrate. From A.T. Kearney through Zylo, there are plenty of intriguing tidbits and conclusions to draw.

Earlier this week, Spend Matters Chief Research Officer Pierre Mitchell hosted our annual Vendor Intelligence webinar exploring the 50 to Watch and Know (you can view the webinar on-demand here). Topics included the industry pace-setters, disruptive newcomers and how all the honorees are taking procurement to the next level. In the sixth year of the lists, there is still plenty to be learned.

Afternoon Coffee: Beeline & Workspend Link Up; Koble 2.0 Premieres; Apple Inc’s Project Titan Continues

Beeline, the global vendor management system (VMS) provider, and Workspend, a managed service provider (MSP), have inked a partnership. Pipeline Talent Solutions has also announced a partnership with VectorVMS to offer clients a more flexible, seamless approach to strategic workforce program management. Koble has “undergone a bit of an exciting transformation," and Apple Inc continues its Project Titan by being on the lidar lookout. Afternoon Coffee: better late than never.

Afternoon Coffee: Coupa to Buy Exari; TA Services’ Acquisition of Celadon Complete

Turkey's defense minister adopts a conciliatory tone over a recent purchase. Coupa Software is buying Exari to gain its best-of-breed contract lifecycle management (CLM) offering, Coupa announced this morning. And TA Services’ acquisition of the Indianapolis-headquartered Celadon Logistics Services is now complete. Afternoon Coffee: your source for procurement and supply chain news.

Coupa to Buy Exari, Boosting CLM in Its Business Spend Management Suite

Efficio

Coupa Software is buying Exari to gain its best-of-breed contract lifecycle management (CLM) offering, Coupa announced Tuesday morning. Coupa, a San Francisco-area suite provider of business spend management (BSM), said in a news release that the transaction for Boston-based Exari is expected to close in its second fiscal quarter. In a disclosure to investors, it said the aggregate purchase price for the transaction is about $215 million in cash.

Exari is a top performer in Spend Matters’ CLM rankings on SolutionMap, and it is unique in its knowledge-based approach to deep contract modeling rather than just straight artificial intelligence (AI) and machine learning based on contract text analytics.

Afternoon Coffee: TeleSense Moves to Alleviate Grain Spoilage; Ivalua NOW Focuses on ‘Art of Procurement’

TeleSense, an IoT technology solutions provider for grain storage, today said it had acquired Danish wireless sensor company Webstech. Spend Matters analyst Michael Lamoureux had boots on the ground at Europe’s version of Ivalua NOW and shares his findings. And Facebook shipped Oculus controllers with hidden messages. Afternoon Coffee: your source for procurement and supply chain news.

From Watch to Know in 2019: How APEX Analytix is Helping Transform Supplier Management

supplier management

Each year, some companies on the Spend Matters 50 Providers to Know and 50 Providers to Watch lists push themselves beyond simply a standout performance. They earn the recognition that they are not only bringing innovation into procurement organizations but also leading the charge to change the way we do business for the better. These are the providers who shifted from Watch to Know in 2019.

To learn more about these providers, we reached out to a few such cases in our 2019 50/50 lists, asking how they’ve changed over the years and what differentiates them from the competition. Today’s Q&A features Danny Thompson, SVP, Market & Product Strategy at APEX Analytix.

Afternoon Coffee: Bridgestone Group Progresses on Sustainable Procurement Policy; Amazon Shipping Crops Up

From the time it was enforced back in February 2018, the Bridgestone Group's Global Sustainable Procurement Policy has seen steady movement, according to a top executive. The world’s second-largest supermarket chain by sales, Albertsons Companies, now wants to improve its tracking of the farm-to-store supply of food. And an Amazon logistics service could be on the horizon. Afternoon Coffee: grab one more before the weekend.

Afternoon Coffee: Apple Prods Suppliers toward Eco-Friendliness; Ivalua Unveils New AI-Based Products

Apple’s eventual goal is to ensure its entire supply chain ends up using clean energy. Tough times could be ahead for U.S. coal exporters. Ivalua, a spend management cloud solution provider, has announced a new range of products powered by artificial intelligence (AI) at its European event Ivalua Now. Meanwhile, more and more automotive companies are abandoning AI research in their vehicles. Afternoon Coffee: get a cup and catch up (on the news).