Afternoon Coffee: Reducing supplier costs vs cutting jobs; Judge prevents TikTok ban in U.S.; Uber’s London license is restored

In today’s headlines, new research from Proxima shows that reducing supplier expenses is a better way to cut costs than trimming your workforce, ultimately benefitting a company’s earnings. In other news, a U.S. federal judge blocked the Trump administration’s ban of TikTok while it waits for approval of a pending deal for Oracle and Walmart to buy a stake in the company. Also, a judge in London restored Uber’s transportation license after it met a standard of safety measures. Afternoon Coffee brings you the latest in procurement and supply chain news.

Digital Procurement World celebrates 9 start-ups in procurement at DEMO VIRTUAL

Last week, Digital Procurement World (DPW) hosted its second annual DEMO event, which highlighted nine innovative start-ups in procurement technology. All nine presented their solution ideas to a panel of judges, and three were named winners. The start-ups represented different emerging elements in the space today — hospitality, tail spend management, logistics, sustainability, spare parts sourcing, machine learning, supplier relationship management, among others.

Business Intelligence to Transform Procurement