Guest Posts Content

US Soybean Prices Crash to 5-Month Low

GMO

Spend Matters welcomes this guest post from Jonathan Stokes, an analyst at Mintec.

In recent months, soybean prices have crashed to a five-month low. Previously, prices were edging upward and the sales outlook for American producers had been positive. So why was there this quick reversal in fortune?

Accounts Payable and Digital Transformation: The Next Frontier

finance

Spend Matters welcomes this guest post from Anna Tujunen, head of product at Dooap.

Digital transformation, buzzword or not, is vital to the success of today’s business. In the immortal words of Microsoft CEO Satya Nadella, “Every company is a software company.” It’s no longer an option to incorporate technology into company organization but a necessity. There is no other option but to go digital or go down with the past. Many areas of business and development have been impacted by digital transformation, including HR, DevOps, asset management, and finance. It’s high time for accounts payable to join the digital revolution.

IT Procurement: Strategic Calibration of Software Suppliers

IT

Spend Matters welcomes this guest post from Imaad Musvee, an associate consultant at GEP.

For many Fortune 500 organizations, the number of software suppliers leveraged each year is increasing rapidly. This post discusses how this trend may be a sign of cost inefficiencies and then proposes a few strategies that procurement can use to overcome these constraints.

The Consumer Products Supply Chain: A Changing Consumer Affects Financial Dynamics

Spend Matters welcomes this guest post by Guy Courtin, vice president of industry and solution strategy at Infor Retail.

Tell me if you’ve heard this before: the world of retail has changed. The balance of power has shifted from retailers, and the brands they carry, to the consumer. Traditional retailers are being forced to shift their perspective on inventory, align with customer needs and better integrate e-commerce and mobile commerce — all while facing the pressures of an ever-changing retail landscape. But what about consumer product goods companies (CPG)? Are they immune from these changes? Absolutely not.

Pharmaceuticals Need a Prescription for Procurement

pharma

Spend Matters welcomes this guest post from Pooja Pewekar, marketing manager at Zycus.

Unlike many other top-performing industries, pharmaceutical companies are still lagging when it comes to bringing in automation in their procurement process. Many have resisted adapting to newer technologies available that would make their procurement team’s productivity grow by leaps and bounds.

Procurement Value Drivers

Spend Matters welcomes this guest post from María Cecilia Siqueira, of GEP.

Formerly known as a tool for cost reduction, procurement is now changing the business game. The market’s fast pace and global competition has forced some critical transitions in companies’ structure, strategy and execution. As Klaus Schwab, chairman of World Economic Forum, puts it, “Nowadays, it is no longer the big fish that eats the small fish — it is the fast fish the eats the slow one.”

Aircraft Prices Taxiing Toward Take Off

Spend Matters welcomes this guest post from Brandon Ruschak, senior economist at IHS Pricing and Purchasing Service.

Aircraft prices are expected to accelerate in the second half of 2017, a turnaround from the weak price growth that has occurred for several years. Low price growth emerged in 2013 due to the retrenchment of key input costs for aircraft manufacturing, but this trend has recently shifted. Rising input cost prices will contribute to the pricing turnaround to occur later in the year. Aluminum prices will move higher over the next two years, putting upward pressure on aircraft prices. Additionally, tightening labor markets are forcing up wages, adding more upward price pressure.

Could This be the End of the High Cotton Prices?

Spend Matters welcomes this guest post from Verity Michie, Market Analyst at Mintec.

Last year in June, we asked whether the cotton price recovery continue? The answer was yes, it did, all throughout 2016 and into 2017. But now the real question we need to ask ourselves is how much longer will the price continue to rise? To answer that question, we must understand why prices rose to almost three-year highs in the first place.

US Coal Prices Up on Increased Demand

Spend Matters welcomes this guest post from Rajiv Joarder, knowledge team leader at Mintec.

Coal prices have been on a steady downward trend since late 2012. But lately, the price of coal in the U.S. has risen by 36% since the beginning of October 2016 and is expected to go up further. So has Donald Trump delivered on his campaign promise to revive the coal industry?

2 Strategic Ways to Improve Supplier Relationship Management

suppliers

Spend Matters welcomes this guest post from Dr. Muddassir Ahmed, divisional supply chain manager at Eaton.

Whether we like it or not, whether we want to say that out loud or not, buyers and suppliers primarily indulge in exchange relationships in order to satisfy their desire for money and to benefit their businesses or organizations. So when buyers and suppliers think about supplier relationship management or ways in which they conduct exchange relationships, they must focus on a share of value appropriated by both sides in the relationship.

Is Sourcing Forklift Trucks Easier than Sourcing Cars?

warehouse

Spend Matters welcomes this guest post from Nitin Khandelwal, of GEP.

Forklift sourcing isn’t as complex as it seems (especially when we compare it with fleet), but there are a variety of factors that should be considered to ensure that you contract the right supplier.

US Cheese Price Bubble Could Be Set To Burst

cheddar

Spend Matters welcomes this guest post from Michael Liberty, market analyst at Mintec.

We last spoke about cheese prices in December, when the USDA purchased stocks of excess cheddar in November to help boost domestic prices, which resulted in a two-year peak in November. Fast-forward three months, and it’s deja vu; however, this time, the global markets are making their mark.