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SIG Summit sneak peek: It’s not your average procurement conference

Readers of Spend Matters and SIG’s member companies have a lot of overlap. I’ve read many articles on this site from companies that are part of the SIG community. Through the years, Spend Matters has never failed in delivering amazing content that is actionable and reality-based, as well as non-sponsored ratings for those of us who work with procurement technology.

In that way, SIG and Spend Matters are kindred spirits. SIG provides its members thought leadership, networking and career training so sourcing, procurement and risk professionals can stay on top of the latest innovations — from updated best practices to the technologies that continue to change the way we work.

As the President and CEO of SIG, I’ve seen the industry grow and the roles of sourcing, procurement and risk professionals morph. We’re all staring down the barrel at these new technologies of robotics, automation and machine learning and wondering, Is my job next? Well, it could be. But I not only believe that this technology comes in peace, I want to show you how it can help you be a little bit better at your job every day.

Want to find out how? Join me and over 350 of your colleagues next week at SIG’s Global Executive Summit in Carlsbad, California, Oct. 14-16.

Commodities Roundup: China’s steel production rises; U.S. seeks rare earths sources; gloomy copper forecast; September auto sales decline

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. MetalMiner, a sister site of ours, scours the landscape for what matters. This week:

Uber Works app launches to match shift workers and businesses via staffing agencies

After about a year of testing, Uber has launched its Uber Works app that uses staffing agencies to help connect shift workers with businesses trying to fill jobs, according to a company blog post.

Spend Matters’ Research Director for labor and services procurement, Andrew Karpie, sees the Uber Works development as part of a longer trend.

“Over the past 10 years, the gig platform economy has emerged in the broader context of organizations using more contingent workers sourced from staffing agencies,” Karpie said. “It has not only created value for consumers and businesses, but has challenged and shaken up the status quo."

Staffing firm software provider Bullhorn acquires rival Erecruit

Bullhorn, a leading (and perhaps now the largest) provider of comprehensive software for staffing/recruiting agencies, announced this week it had acquired Erecruit, “a provider of applicant tracking and pay and bill solutions and a leader in candidate experience for the staffing and recruitment industry,” according to a press release. Bullhorn reports in the press release that it has more than 10,000 customers globally, while Erecruit reported on its website having 2,100 customers. Until now, Bullhorn and Erecruit — both based in Boston — had been rivals in the category.

Customer reviews for APEX Analytix are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for APEX Analytix, which provides software, data and services to manage suppliers, recover overpayments, and prevent fraud and payment errors. The applicable SolutionMap category for this report is Supplier Relationship Management & Risk.

SolutionMap Insider members can read about APEX Analytix 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 quotes about the vendor’s greatest strengths.

Commodities Roundup: Housing starts, steel prices and Greenland’s melting ice

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. MetalMiner, a sister site of ours, scours the landscape for what matters. This week:

Customer reviews for Wax Digital are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Wax Digital, a UK-based suite provider that has a robust source-to-pay offering. The applicable SolutionMap categories for this report are E-Procurement, Sourcing, and  Supplier Relationship Management & Risk.

SolutionMap Insider members can read about Wax Digital in our latest report.

In each Customer Insights report, we provide a one-page summary of insights from the SolutionMap peer review process. The report 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.

‘Future 5’ award: Spend Matters names 5 standout procurement technology start-ups

To highlight the most exciting procurement technology start-up companies in the world, Spend Matters is releasing its “Future 5” listing today in conjunction with the Digital Procurement World conference in Amsterdam.

The procurement technology analyst and media firm Spend Matters is well-known to recognize 100 procurement vendors in the industry each spring through its “50 Procurement Providers to Watch” and “50 Procurement Providers to Know” lists.

Given the speed with which many procurement technology start-ups move from early-stage to market contenders, the Spend Matters team decided to issue this mid-year Future 5 listing of exciting players.

New name for SolutionMap category: Direct Sourcing of Workforce/Services (DSW/S)

As of Q3 2019, the CW/S SolutionMap category “Independent Contract Workers” will be renamed “Direct Sourcing of Workforce/Services” (DSW/S) to better represent the diversity of solutions that Spend Matters has covered to date and those we will cover in the future.

In addition to the name change, we have broadened the SolutionMap definition, in part, because the solution category has expanded beyond the concept of the original “freelancer management systems” (FMS) to include providers addressing a much broader range of use cases.

Check back in with Spend Matters tomorrow for the Q3 2019 SolutionMap release, which will include the latest rankings of Direct Sourcing of Workforce/Services solution providers.

Commodities Roundup: Pentagon explores rare earths options; platinum gains momentum; steel production falls

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. MetalMiner, a sister site of ours, scours the landscape for what matters. This week:

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From tactical to strategic sourcing: Going beyond daily battles to long-term victory

Do you ever feel like you’ve been winning the battles but still losing the war? In the art of war, military strategists are required to look beyond short-term skirmishes, where little if any ground is gained, and instead focus on a vision for victory in the longer term. That doesn’t mean suddenly pulling your forces from the front or ignoring enemy advances but has more to do with creating a better line of sight between the guys in the trenches and the generals in the tents.

Joonas Jantunen, Cloudia’s CEO for the Middle East, sees a similar distinction to be made in today’s business procurement wars. Every large procurement function aspires to be strategic, but most are running their operations on short-term tactics.

Strategic sourcing, in contrast, sets out to align all sourcing practices with an organization’s long-term business objectives, with a view to creating new and sustainable value.

Commodities Roundup: Alcoa labor deal, Indonesia’s nickel ore export ban, August auto sales up, and Thyssenkrupp’s tribulations

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.

MetalMiner, a sister site of ours, scours the landscape for what matters. This week: