L2 Content

More on Healthcare’s Saline Bag “Shortage”

The saline bag “shortage” in healthcare has been going on for a few years. I’ve got some strong opinions on the matter, as I have had the pleasure of interviewing the assigned category managers at the nation’s largest healthcare GPOs, health system sourcing professionals and executives at Baxter, B.Braun and Hospira, the nation’s three largest manufacturers and suppliers of the product. It turns out that there are very few resin producers that make the type and grade used to manufacture saline bags. Not only did these producers cut production, but they’ve increased their pricing by more than 300% in the last year. Why?

The Amazon Effect: Competition for Procurement Talent

No one and no thing is now safe from what is known as the “Amazon effect.” As Bezos’s behemoth continues to expand in multiple locations, including the addition of the impending HQ2, it is disrupting hiring and retention efforts in all business functions. Top procurement talent is especially susceptible, as it’s hard not to be seduced by arguably the No. 1 supply chain company in the world, with a Gartner Supply Chain Masters honor to boot. This should rightfully strike fear in leaders of procurement organizations.

New Research: Using Collaboration in Bringing Competitive Advantage to Your Supply Chain

If your organization wants to create competitive advantages through its supply chains, collaboration is crucial, according to new research from the Global Supply Chain Institute at the University of Tennessee – Knoxville. The findings were presented in a white paper, End-to-End Supply Chain Collaboration Best Practices, written by Mike Burnette, managing director of the institute. Burnette and other supply chain faculty at the university interviewed 17 leading companies in eight industries to determine the best practices that help organizations achieve success through collaboration.

Cobalt and the Sustainability of Electric Vehicles

Spend Matters welcomes this guest post from Nick Peksa, opportunities director at Mintec.

Recently I have been reading a number of case studies based on some of the world’s leading sustainable and socially responsible firms, ranging from Unilever’s work in Brazil and Danone’s work in India to Vodafone and their mobile payment systems in Kenya. One of the other favorite firms for academic research is Tesla, with its “greener than thou” philosophy. Delving a little deeper into the mechanics of batteries, however, the word “cobalt” rang a number of alarm bells.

What Does The Age of Digitalization Mean for the Travel Services Buyer?

services sector

The role of today’s corporate travel manager or category manager is more demanding than ever. The manager must not only take responsibility for the travel budget, be a skilled negotiator, understand technology, leverage data and manage travel policies, contracts and compliance, but also deliver value to the organization. And of course, they must also keep the corporate traveller safe and be risk-aware. How can practitioners prepare to handle all of this and more?

Supplier Rationalization — Revisited

category management

Rationalizing a supply base is typically defined as picking the right suppliers and the right number of them, but in common practice, it has too often come to mean shrinking or consolidating a supply base in the name of securing more strategic relationships. We tend to forget that supplier rationalization can also mean increasing the number of suppliers used, routinely changing your mix of suppliers or expanding and then reducing the number and types of suppliers you select in support of changing organizational objectives, tests, hunches and the desire to accelerate the transfer of innovation.

How to Incorporate Diversity and Inclusion Practices Into Contingent Labor Programs

supplier diversity

Many organizations struggle with how to incorporate D&I practices within their contingent workforce. In response to concerns regarding co-employment, buying organizations tend to keep non-employees at arm’s length. But given the increasing number of contingent workers in the workforce mix, as well as the central role they are playing in more organizations, one could argue that a different approach should be considered in acknowledgement of the changing dynamics.

What Procurement Needs to Know About the High-End Gig Economy

consultant

Do you have a clear idea of what the gig economy is? That was the question that Andrew Karpie, research director of services and labor procurement at Spend Matters, posed on a recent webinar that he hosted with Jody Miller, chief executive of Business Talent Group (BTG). The way attendees answered may surprise you.

Market Speculation Puts Soybean Oil Prices on Roller Coaster Ride

GMO

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

We, as analysts, steer the market more than we like to think. A prediction or forecast one way or another can be a significant factor in driving commodity pricing. During the summer, the USDA did exactly this, surprising markets when they forecast higher US soybean production, despite adverse weather conditions throughout the crop development period. So when market prices of soybean and soybean oil shot up at the beginning of October due to the downward revisions of USDA production estimates, what went wrong?

Certify T&E Report: Business Travelers Go for Starbucks, Delta and Uber (But Lyft is Catching Up)

Oversight Systems

Travel and expenses management software provider Certify recently released its latest SpendSmart Report, analyzing business travel spending for Q3 2017. Lyft is experiencing impressive growth, while its ride-hailing rival Uber, as well as taxis and car rentals, are seeing declines. The data comes from 10 million business travel receipts and expenses that are processed via Certify’s system. Certify then analyzes the data by category, such as ground transportation, meals and lodging.

Embedding Procurement Across the Enterprise

category management

Has procurement reached a point where it can be trusted with measuring its own performance? Notwithstanding the need for practical checks and balances, is your procurement organization looking through the lens of its own performance microscope or is it pacing the halls of finance, waiting for validation? As procurement becomes increasingly responsible for non-traditional areas of spend and building business cases supporting change, its organizational importance will continue to soar. But cost control is a shared responsibility. And unfortunately, sinking your teeth into the myriad complexities related to measuring a procurement department’s performance often yields more questions than answers.

Beeline Announces Upgrades to IQN VMS: What This Means for Customers

Last week, contingent workforce solution provider Beeline announced a series of upgrades to IQNavigator’s vendor management system (VMS). The announcement comes about 10 months after the news that Beeline’s parent company GTCR plans to merge Beeline and IQNavigator into a single firm. We caught up with Brian Hoffmeyer, group vice president of marketing strategies at Beeline, to find out what the upgrade entails, what it means for Beeline and IQN clients, and how it fits into the solutions’ longer-term roadmap.