Sourcing & Categories Content

Millennials Spend Less on Corporate Travel and Expenses, New Research Shows

travel

Millennials: big corporate spenders they still are not. According to Concur’s analysis of $36 billion in expenses that were processed through its travel expense management solution between Q1 2015 and Q1 2017, employees between the ages of 22 and 35 spend 18% less than those who are 36 or older. While it is likely that this generation’s corporate T&E spending patterns will evolve as the employees become older and more senior in their organizations, it is interesting to see how their current spending patterns differ from their older colleagues.

Does Marketing Procurement Deserve a Bloody Break? Our Q&A with Tina Fegent

marketing spend

In our series Ask Spend Matters, we recently answered this question: Do other areas of procurement get as much negative press from suppliers as marketing procurement do? We had the chance to chat with our question asker, Tina Fegent, who lives near Oxford, England, via Skype as we kicked off our reporting process. Here are select excerpts from that initial conversation. (Read the full piece to see where it all went.)

Latest Modern Slavery Index Released: Turkey and EU See Increased Risk

No company wants its global supply chains to have any exposure to slavery. Yet new research shows that the risk is on the uptick worldwide, including in 20 European Union countries. Global risk research firm Verisk Maplecroft released its Modern Slavery Index 2017 on Thursday. The index assessed 198 countries for risk of modern slavery, which the researchers define as including slavery, human trafficking and forced labor. The percentage of countries at “high” or “extreme” risk for modern slavery has grown to 60%, a 2% increase since last year.

Do Other Services Procurement Areas Get as Much Negative Press from Suppliers as Marketing Procurement?

Tina Fegent is mad as hell and she’s not going to take it anymore. OK, that may be a bit of an overstatement, but for someone with a couple decades of experience in the marketing procurement space, Tina is officially en garde when it comes to marketing services suppliers (namely, the agencies) bad-mouthing her chosen profession. That really got Tina’s goat. So she she came to Ask Spend Matters and asked us a question: “Do other areas of procurement get as much negative press from suppliers as marketing procurement do?”

From MABD to OTIF: Wal-Mart’s Latest Supply Chain Imperative

From must arrive by date (MABD) to on time in full (OTIF), Wal-Mart’s latest delivery standard is not just another supplier scoring metric. It’s actually a dynamic reporting mechanism that could become one of the best tools for measuring inventory flow ever conceived — at least, that’s what logistics experts and various consultancies with a compliance training interest are saying.

New Report: Obstacles in Advancing Marketing Procurement’s Strategic Value

marketing spend

There is still a case for marketing procurement, as a new report on the function’s obstacles and opportunities shows. Globality, which connects clients with small service providers, commissioned a survey of 300 senior procurement professionals from around the world. It gleaned eight major takeaways from the survey, which are presented in the report, Marketing Procurement 2017: Key Opportunities and Barriers in Advancing Procurement’s Business Impact. We’ll look at a few of these more closely.

Can Procurement Save the Least Diverse Profession in the United States?

forced labor

The biggest change agent for the legal profession could be the as yet unspoken (rather than contractual) pressure from legal firms’ corporate clients, who are pushing their legal partners to go further into supplier diversity efforts. These corporations (e.g., HP, Facebook and Oracle), many of which have instituted their own supplier diversity programs, increasingly want their suppliers and partners to do the same, according to Lee Garbowitz, managing director of Procurement Managed Solutions for HBR Consulting. This helps the partners align strategically, with the ultimate goal of improving brand image and reputation on both sides.

New Report: Are Our Supply Chains Less Responsible Than We Think?

hidden workers

Corporations are becoming wealthier. As of last year, 69 of the world’s 100 biggest economic entities are not nations but businesses, an increase from 63 in 2015. Can it be argued that those behemoth private sector corporations should be held to stricter procurement regulations and transparency, more like, dare one say, public procurement? This is a question that arises from the findings of a recent report from The Economist Intelligence Unit on supply chain responsibility.

A Look at Industrial Buyer Trends: E-Marketplaces, Mobile Apps and Supplier Selection

distributor

Traditional distributors still command the biggest percentage of industrial buyer spending, but competition is firing up, according to a recent UPS study of industrial products buyers and their behaviors and preferences. The study found more that industrial buyers than before are spending their money with non-traditional suppliers by buying through an e-marketplace or straight from the manufacturer.

Putting the ‘Strategic’ Back Into Sourcing with Deloitte: New Research Brief

cloud solutions

Strategic sourcing can be more "strategic" despite its best efforts. Pierre Mitchell, chief research officer at Spend Matters, has more in the complimentary research brief, Deloitte's Game-Changing Analytics Platform Puts 'Strategic' Back into Sourcing. Pierre lays out the many reasons why strategic sourcing can fall short of the strategic aspect, as well as provides a four-pronged solution overview of the areas you need to focus on change that. Read his in-depth take on "The Big Picture" and how Deloitte GSI factors in by claiming your copy of this brief.

Viscose Suppliers to H&M and Zara Linked to Severe Health and Environmental Hazards

Zara and H&M are among the fast fashion giants that have been found to source viscose from manufacturing sites whose processes pose serious health and environmental dangers, according to a new report from Changing Markets Foundation. When the foundation visited 10 such sites in China, India and Indonesia, it found that untreated hazardous waste was leading to severe air and water pollution, and for people who lived near the manufacturing sites, physical and mental disorders.

Deloitte’s Global Sourcing Insights: Best Shoring Becomes Best Sourcing

Pierre Mitchell, chief research officer at Spend Matters, has high hopes for strategic sourcing (emphasis on "strategic") and leading the way for this evolution is Deloitte's Global Sourcing Insights (GSI) solution. But that's just the beginning. You can download Deloitte's Game-Changing Analytics Platform Puts 'Strategic' Back into Sourcing' and Deloitte's Global Sourcing Insights (GSI) – From Best Shoring to Best Sourcing compliments of Spend Matters.