General News Content

Afternoon Coffee: DOT Allots $1.5 Billion for Infrastructure Across U.S.; Apple Chooses Austin for $1 Billion Campus

The U.S. Department of Transportation has announced how $1.5 billion for infrastructure will be spent, Supply Chain Dive reports. It will fund 91 road, rail, transit and port infrastructure projects in Washington, D.C., and 49 states. And California-based Apple Inc. has chosen Austin, Texas, as the site of its new $1 billion campus, the Austin-American Statesman reports, adding that plans for smaller offices in cities across the country also were announced. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: UK Prime Minister Survives No-Confidence Vote over Brexit; Take a Peek into Google’s 2-Tiered Workforce

UK Prime Minister Theresa May survives a no-confidence vote today, but the prospects for her Brexit deal remain uncertain, according to the Associated Press. In other news: Whether you call it the gig economy, freelancer marketplace or independent contract workers (ICW), the blended workforces of today require many companies to decide how to manage their contract workers and their full-time employees. At Google, the two-tiered system has led to some hard feelings and labor concerns — issues that The Guardian examines in a story written after getting an internal Google document on how to treat TVCs: the temps, vendors and contractors. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Toy Sales No Fun for Manufacturers; $867 Billion Farm Bill Almost Done

The demise of Toys R Us last year has realigned how toys are sold, with big retailers like Walmart and Target adding inventory — but they’re not doing as much business as toy makers expected, The Wall Street Journal reports. The $867 billion Farm Bill faces a vote this week after months of tense negotiations, CNBC reports. It includes safety nets for farmers and  a provision for industrial hemp legalization. Afternoon Coffee brings you the latest in procurement and supply chain news.

Coupa Buying Hiperos — Adding Compliance and Risk Intelligence Prowess to Its Business Spend Management Insight

Business spend management vendor Coupa announced Monday morning that it has acquired Hiperos, a provider of third-party risk management. Coupa bought Hiperos from Opus. Alacra and all other Opus assets were not part of the transaction. The move lets Coupa, which is based in San Mateo, California, add more supplier compliance and risk intelligence insight into spend transactions and put a greater focus on reducing third-party risk. Spend Matters will have updates on the breaking news and an analysis later today.

Afternoon Coffee: ISM Survey Shows Industry Leaders Wary But Expect Growth in 2019; Upwork, Microsoft Partner on Freelancer Market

ISM’s economic survey came out Monday, and while it shows that purchasing and supply chain executives expect growth in 2019, they aren’t as optimistic about economic conditions as they were when the report came out about a year ago, The Wall Street Journal reports. Upwork has announced that Microsoft has chosen Upwork as its launch partner for the “Microsoft 365 freelance toolkit.” According to the announcement, the toolkit is “an integrated workforce collaboration solution that helps enterprises work with freelancers at scale” based on integrated Microsoft 365 and Upwork Enterprise capabilities. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: Corcentric Gets $200 Million Investment; MBO Partners and Taxfyle Join Forces

Corcentric, a provider of procurement and financial process automation solutions, announced it has secured a $200 million senior credit facility, which will mainly be used to support growth organically and with acquisitions in the U.S. and abroad. In the contingent workforce market, MBO Partners, a business services platform for independent professionals and enterprises, has announced a partnership with Taxfyle, an on-demand workforce company that connects customers to licensed certified public accountants and IRS-enrolled agents at the firm. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Randstad Sourceright Launches MSP Ahead; Huawei Arrest May Hurt U.S.-China Trade Talks

Randstad Sourceright has announced the launch of MSP Ahead, calling it “the latest evolution of its managed service provider (MSP) offerings” for the contingent workforce market. And in international news, the arrest of a Chinese executive in a U.S. investigation has the potential to upend the U.S.-China trade truce, Bloomberg News reports. Wanzhou Meng is the CFO of Huawei Technologies and is the founder's daughter. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: Genesys Talent’s MatchList Joins SAP App Center; PeopleFluent VMS Product is Rebranded

category management

Genesys Talent announced today that its analytics-driven solution, MatchList, is now available on the SAP App Center. After acquiring PeopleFluent this year, parent company Learning Technologies Group (LTG) on Wednesday announced the rebranding of PeopleFluent’s VMS solution to VectorVMS, which will continue to serve the contingent workforce market. Afternoon Coffee brings you the latest in procurement and supply chain news.

SourceDay Gets $6.5 Million Investment for Its Direct Spend Solution

procurement software

Procurement software provider SourceDay on Wednesday announced it has received $6.5 million in Series A funding from three capital venture firms. SourceDay said it has now raised $10.8 million since the 2015 launch of its software-as-a-service cloud platform, which automates direct spend management, purchase order management and supplier collaboration. The provider integrates its solution with ERP systems to reduce manual operations for suppliers and buyers, the statement said. The Austin, Texas-based company plans to focus on product development as well as expand its sales and marketing activity, it said.

Afternoon Coffee: Coupa Beats 3Q Earnings Estimates; Despite U.S.-China Tariff Truce, Stocks Slide

Coupa’s third-quarter earnings report this week showed that the provider of business spend management (BSM) solutions beat expectations, according to Investor’s Business Daily. Stock markets are down Tuesday, and investors don’t seem to believe that the tariff freeze between U.S. and China is enough to allay concerns about the situation, Bloomberg News reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S., China Put Tariff Rise on Hold; Trump Plans to Withdraw from NAFTA

The business world seems to be reacting favorably to the U.S.-China truce on tariffs, which the countries announced over the weekend at the G20 summit in Argentina, the Supply Chain Dive reports. On the plane ride back from the G20 summit, President Donald Trump said he would withdraw from NAFTA, the North American Free Trade Agreement, which still governs business among Mexico, the U.S. and Canada despite the countries signing the USMCA deal at the summit, the New York Times reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Leaders Sign USMCA Trade Deal at G20; Pop-up Supply Chains Ease Strain

At the G20 summit Friday in Argentina, the leaders of the U.S., Mexico and Canada signed the USMCA trade deal that follows the two-decade-old NAFTA, the New York Times reports. And seasonal demand and customers’ preference for fast deliveries have given rise to pop-up warehouse plans, Supply Chain Dive reports. Afternoon Coffee brings you the latest in procurement and supply chain news.