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3 tips to improve the ‘first mile’ of your supply chain

Overhauling how your business manages its supply chain is a daunting task, but a good starting point is to look at a segment of the supply chain and focus on three tips: clean your data to improve visibility, automate supplier collaboration and consider what new technology is available to you to make these things happen.

The specific part of the supply chain that many organizations would benefit from focusing on is the “first mile” — when businesses set a solid foundation to work with suppliers, engage services and order direct materials. In our previous article, “How ‘first-mile’ flaws hinder last-mile success,” we discussed the problems that snowball, add to risk and cut into margins.

Now, let’s dig into the top three tips for addressing these problems:

WorkMarket’s customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for WorkMarket (an ADP company), a cloud-based workforce management solution. The applicable SolutionMap ranking for this report is in the Independent Contract Workers category. SolutionMap Insider members can read about WorkMarket in our latest report.

In each Customer Insights report, we provide a one-page summary from the SolutionMap peer review process. It includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of customer quotes about the vendor’s greatest strengths.

Aon partners with Bunker to enable digital economy companies to manage contractor business insurance

Aon — a leading global professional services firm providing a broad range of risk, retirement, and health solutions — and Bunker, a self-described “instant business insurance and compliance platform for independent workers and enterprises,” announced a partnership to address the compliance management needs of Aon’s growing base of “digital economy” clients. Spend Matters has been following Bunker since its inception in 2017.

According to the announcement, “the partnership provides Aon and their clients access to Bunker’s compliance platform and Live Certificate of Insurance, ensuring an organization’s contractors, independent workers and vendors are compliant with insurance standards in real-time.” Aon clients’ contractors can optionally purchase one of Bunker’s innovative independent worker insurance products.

The following article looks at this unique partnership, based on our own prior research and on conversations with individuals at Aon and Bunker.

Scout RFP’s customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Scout RFP, a sourcing and supplier engagement platform. Its applicable SolutionMap category for this report is in Sourcing. SolutionMap Insider members can click the story to read about Scout RFP in our latest report.

In each Customer Insights report, we provide a one-page summary from the SolutionMap peer review process. The page includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.

Taulia’s customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Taulia, which offers payment processing solutions. Its applicable SolutionMap category for this report is in Invoice-to-Pay. SolutionsMap Insider members can click here to read about Taulia in our latest report.

In each Customer Insights report, we provide a one-page summary of qualitative — and select rating and quantitative — insights from the SolutionMap peer review process. The Customer Insights summary includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.

SolutionMap: 54 Procurement Software Companies Ranked (Q2 2019 Update)

Spend Matters today released its Q2 2019 SolutionMap, ranking 54 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management, Contract Lifecycle Management and Contingent Workforce & Services. Click on this article to learn about SolutionMap's biggest revamp yet, and to see how to access rankings for free!

SirionLabs’ customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for SirionLabs, a specialist in contracts. Its applicable SolutionMap categories for this report are in Contract Lifecycle Management (CLM) and Contract Services/SOW.

SolutionMap Insider members can click here to read about SirionLabs in our latest report. In each Customer Insights report, we provide a one-page summary of feedback that includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.

2019’s global hurricane season to be active, DHL Resilience360 reports about supply chain risks and safeguards

supply chain disruption

Severe weather poses one of the greatest threats and the least predictable risks to global supply chains within our modern globalized economy. The summer hurricane season is a particularly problematic time because nearly half the planet, and a majority of the production capacity for many industries, are located in areas routinely struck by catastrophic weather — East Asia, the Northern Indian Ocean, and the Southeast and Gulf coasts of the United States.

DHL Resilience360 recently released Stormy Weather Ahead: A Global Outlook on the 2019 Season to compile information about the impacts that even small storms can have and discuss the short- and long-term implications of these systems on existing supply chains. And learn ways to mitigate that risk.

Tradeshift’s customer reviews are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews of Tradeshift, which is known for its marketplace service, global invoice processing, payment capabilities and financing support. Tradeshift’s applicable SolutionMap categories for this report are in E-Procurement, Invoice-to-Pay and Procure-to-Pay.

3 Reasons to Love ‘Nimble’ Procurement Technology Providers

Spend Matters’ analysts have been writing personal essays on their favorite SolutionMap personas: Nimble, Deep, Turn-Key, Configurator and CIO Friendly, as well as Optimizer for sourcing providers and Global for CWS vendors. The personas help companies select which solution provider is right for them. This week’s essay is by Nick Heinzmann, an associate analyst and a former editor of Spend Matters.

Let’s be blunt: If you’re going to pay five or six figures for a software license, you’d better hope your employees actually use it. But can your technology provider guarantee that everyone who uses the system — from admins to power users to the everyday requisitioner or collaborator — will adopt it? What about enjoy it, willingly log in and encourage everyone to collaborate on the platform?

For many companies, this is easier said than done. Implementations that seem well planned on paper can quickly become nightmares. Systems with deep, powerful functionality but archaic user interfaces can scare less ambitious users back to the warm embrace of Excel.

Issues like the above and others are why I love the Nimble persona — that best at understanding the “millennial” mindset when it comes to technology. Why can’t procurement software be as fun and easy to use as apps like Instagram, Venmo and Slack?

Zycus’ customer reviews are in the new SolutionMap Customer Insights report

This week’s vendor spotlight in the SolutionMap Customer Insights report focuses on customer reviews of the source-to-pay suite provider Zycus, whose applicable SolutionMap categories for this report are in Source-to-Pay, Procure-to-Pay and Strategic Procurement Technologies.

SolutionMap Insider members can click here to read about Zycus in our latest report.

In each Customer Insights report, we provide a one-page summary of qualitative — and select rating and quantitative — insights from the SolutionMap peer review process. The Customer Insights summary includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.

Oracle’s customer reviews are in the new SolutionMap Customer Insights report

This week’s vendor spotlight in the SolutionMap Customer Insights report focuses on customer reviews of the suite provider Oracle, which we rank in the areas of e-procurement, invoice-to-pay and procure-to-pay.

SolutionMap Insider members can click here to read about Oracle in our latest report.

In each Customer Insights report, we provide a one-page summary of insights from the SolutionMap peer review process. The Customer Insights summary includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths.