L2 Content

A Guide to Supply Risk Management and Compliance (Including Cyber Risks) in 2018

cyber attack

The World Economic Forum recently released its 13th annual global risks report, predicting the biggest risks that global businesses are likely to face in 2018. Extreme weather events rank top both in terms of potential impact and likelihood. Other top risks included cyberattacks, data fraud and economic bubbles. Meanwhile, Spend Matters has been working on updating our Supply Risk Management and Compliance Landscape Definition and Overview for 2018, highlighting the increasing need for investment in supply risk in the cyber and information security (INFOSEC) area.

Q&A with Coupa Board Member Leslie Campbell on the Big Ideas: AI, Automation and the Future of Procurement as We Know It

digital business transformation

Leslie Campbell, former CPO of Reed Elsevier and vice president of procurement at Dell Inc., has certainly seen a lot in her years as a high-level procurement practitioner from her perch in the c-suite. Having joined Coupa’s board of directors relatively recently, Campbell had been excited about where the solution provider was headed. We recently had a chance to get her thoughts on some of the trends and predictions swirling around the industry.

Commodities Roundup: Cotton, Aluminum, Steel and Nickel were this Week’s Big Newsmakers

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, we scour the landscape for what matters.

Healthcare Consumerism: Supply Chains that Follow the Patient Home

There’s been a lot of talk about “healthcare consumerism” lately. Is it really about increasing competition among insurance providers? As the acute care market continues to consolidate and vertically integrate, aren't the insurance pickings for most of us getting conspicuously slim, especially if employers are making our coverage decisions? Here’s where I’ve landed: If healthcare consumer advocates are relying on insurance companies to drive “consumerism,” then they’ve put the cart before the horse. My money is on the jockey, and the jockey in this race is good old-fashioned consumer preference.

A Revamped Operating Model is Key to Alleviating Retail’s Sourcing Woes, Report Suggests

As countries continuously replace one another on the list of new, promising apparel sourcing destinations, a report from Kurt Salmon, part of Accenture Strategy, suggests that this is but a short-term fix. The report, “From Cost-Cutting to True Value Creation — On the Road to Analytical Sourcing and Supply Chain,” proposes a smarter long-term strategy that would require retail to adapt its operating model.

“Services Procurement” or “Procurement of Services” — What’s in a Name?

Many of us will recognize this quote from Shakespeare’s Romeo and Juliet: "What's in a name? That which we call a rose/By any other name would smell as sweet." But you may be wondering: Who is this fool, and what hath this to do with contingent workforce and services procurement? But then you may think about it a bit and ask: Are we talking about engaging several recommended, expert flower arrangers for a major event? Or are we contracting with florists in three major metro areas to continuously keep our offices in each location fragrant and cheerful? Ay, there’s the rub. Now we are closer to the core issue.

US Cotton Prices Shoot Up, Following a Rise in Demand

Spend Matters welcomes this guest post from Verity Michie, market analyst at Mintec.

US cotton prices have been on a rollercoaster ride in 2017, ending the year on a high. Last April, we looked at whether this could be the end of high cotton prices. We concluded that yes, cotton prices should fall as latest figures showed rising US cotton planted area for the 2017/18 season. Our expectations became reality, as prices fell throughout the year until recently, when cotton prices rose 22% since the beginning of November, reaching high levels last seen in 2014.

It’s 2018: What New Questions Do You Have About Procurement?

As Spend Matters analysts, editors and readers went on much-deserved vacations over the winter holidays, Ask Spend Matters went on a short hiatus, too. But as everyone settles back into their offices, hopefully more relaxed and refreshed, we at Spend Matters are eager to see where Ask Spend Matters goes this year. And so consider this our 2018 call for reader questions: What have you always wondered about procurement or supply chain but have been afraid to ask? What do you want to know more about?

Procurement in 2018: Guidance and Predictions from an Industry Veteran

Where is procurement going in 2018? While it would be easy to fall into the perennial trap of describing long-term trends as the next big thing, thankfully there are saner heads that can guide us into this new year with sound advice in addition to modest predictions. Procurement veteran Peter Smith is one those people. Over on our sister site Spend Matters UK/Europe, he has offered practitioners some simple (but important) reminders to consider in 2018, as well as a forecast for how events in the procurement technology market could play out.

Sponsored Article

Shopping Online for Services Through E-Catalogs

We all have purchased something from online shopping portals. Can the same experience be replicated across procurement categories? Especially, when it comes to indirect services categories, which are hard to structure or commoditize? Organizations are constantly discovering ways to make the procurement process simpler, efficient and effective. There is a potential to bring a lot of contracts under managed spend instead of spot buying. Procurement managers usually spend a lot of time either negotiating for a better price or requesting services from suppliers. Catalog buying is being viewed as a solution to these procurement issues.

Trends in Cybersecurity Risks: Will 2018 See More Indirect Supply Chain Attacks?

cyber attack

2018 may be the year we see more indirect supply chain attacks and compromised industrial control systems, according to a new report from consulting firm Booz Allen Hamilton on trends in cybersecurity risks. In “Foresights 2018,” the report authors outlined nine predictions on what may happen in the world of cybersecurity this year, from outsourced hacking to supply chain infiltration and cryptocurrency theft. We’ll look at a few of these predictions in this post.

As Industrial Supply Chains Undergo Digital Transformation, Talent Gaps Persist

The digital transformation of supply chains is well underway, but finding the right talent to drive this transformation remains a challenge for many industrial companies. According to a survey of senior executives from the industrial manufacturing sector conducted by Korn Ferry, talent is viewed as the “secret to sustainable success” when it comes to digital transformation, regardless of whether a company is in the beginning stages of digitization or well along in the process.