Sourcing & Categories Content

Analyzing 2017 E-Sourcing Savings and Trends with Scanmarket

Last week I touched down in London to attend and speak at Scanmarket’s eSourcing Exclusive Summit. Scanmarket is a provider of strategic sourcing software and over the years has developed a particular expertise and customer following based on its reverse auction capability and formats. During the event, Henrik Balslev, senior vice president of operations for Scanmarket, gave a presentation on e-sourcing and reverse auction trends. I thought it would be valuable for Spend Matters readers to hear some of the data Balslev shared.

Nothing New Under the Sun: Taking an Advanced Approach to Supplier Diversity

supplier diversity

Growing up I remember hearing two phrases constantly: “There is nothing new under the sun” and “Numbers never lie.” Both statements I have found to be half-truths. Try telling dinosaurs, phone booths or the former milkman that nothing ever changes. People, things, ideas — all evolve. The time has come for supplier diversity to evolve, as well.

Managing Employee Spend Strategically

BuyerQuest

Spend Matters welcomes this guest post from Guy La Corte, general manager, Americas, at Concur.

Employees have access to and are spending more of your company’s money across more spend categories using more payment methods than ever before. And for finance and procurement managers, it’s increasingly challenging to track spending in a world where employees are paying supplier invoices directly with company checks; booking and managing travel directly on their mobile devices; using their corporate, ghost, virtual, corporate or even personal cards for just about everything; and vendors are marketing directly to them with upgrades and offers. This employee-initiated spend has become the largest unmanaged spend category in almost every company’s financial program.

Engaging the Global Contingent Contractor Workforce: Challenges and Opportunities

MBO Partners

As firms seek to enter new markets and global supply chains become increasingly complex, contingent workforce managers need to access qualified talent when and where they need it. This has lead many businesses to increasingly engage the global contingent contractor workforce, from utilizing foreign workers to support extended global operations and to tapping specialized remote project workers not readily available in their home markets. Alongside this contingent boom, however, comes several challenges.

New Research: Using Best Practices to Maximize Travel & Expense ROI

T&E

Travel and expense management goes beyond making sure employees aren’t submitting dubious expenses like, say, $1,000 toward adult entertainment or $80 worth of drinks to keep a spouse “calm and occupied” (both of which were real expenses, by the way, as reported by Inc.). According to a new London School of Economics report commissioned by Amadeus, companies can cut the cost of processing a transaction by more than 50% by actively managing T&E and implementing best practices.

Amazon’s Healthcare Gambit May Be Taking Shape

It is being reported that Amazon is ramping up conversations with the pharmacy benefit mangers (PBMs). In fact, it’s being reported that Amazon may be already working with several in an attempt to get into various contract arrangements. And while analysts are pointing out that it will take Amazon a few years to get licensed in all 50 states, the banter surrounding Amazon’s potential move into pharmaceutical distribution is all too familiar. Some are characterizing Amazon as a potential partner, while others see them as a direct threat, while others express their skepticism, saying that they don’t think Amazon would choose to move into such a highly-regulated space.

How Applying an Ecosystem Approach Can Spur Contingent Workforce Innovation

There are numerous factors today that have led many procurement professionals to view non-employee workers as just another resource delivered through a supply chain. Both buyers and suppliers of work contract with each other for specified outputs, with projects and cash moving in a transactional manner. While this can keep work on track and costs contained, such an approach leaves little room for innovation — a competitive necessity in today’s digital economy. The answer to this disconnect is to reconceive contingent workforce programs as contingent workforce ecosystems.

How Well Are Your Peers Doing in Supply Chain CSR? EcoVadis Releases New Report

If you’re a small or medium-sized construction company, congratulations. Chances are you’re doing pretty well in your supply chain corporate social responsibility (CSR) initiatives. Likewise if you’re a large company in the financial, legal, consulting and advertising markets. On Tuesday, EcoVadis released its first annual Global CSR Risk and Performance Index, which evaluated 20,400 companies according to 21 criteria related to the environment, labor practices and human rights, fair business ethics and sustainable procurement.

Terrorist Attacks Pose Growing Problem for Supply Chains Worldwide

Terrorist attacks on supply chains are on the upswing, according to a recent report from BSI, a provider of supply chain intelligence. The number of such attacks have increased 8.5% from last year, and the year-over-year increase in the proportion of terrorist attacks on supply chains versus all attacks has also risen, by 19%.

Assessing the Near- and Long-Term Supply Chain Effects from Hurricane Harvey

oil

Procurement professionals have their work cut out for them as rains from Hurricane Harvey finally recede. While the personal and human costs of the disaster are only beginning to be tallied, supply chain and logistics pictures appear even murkier. Here are the top supply chain areas Harvey has disrupted, as well as the near- and long-term consequences procurement organizations will face responding to the storm.

Post-Hurricane Harvey, 3 Supply Chain Risk Mitigation Strategies to Keep in Mind

It’s a simple yet excruciating irony that in a natural disaster that dumps more than 50 inches of rain on a single region, water becomes widely unavailable for consumption — for either people to drink or factories to function — even as it floods scores of neighborhoods. So it’s no surprise that water, and the havoc it continues to wreak in Houston and other areas, is central to the issue of supply chain risk management in the wake of Hurricane Harvey. Spend Matters has been covering the hurricane (see related stories below), which had been downgraded to a tropical storm soon after, and the disaster spurred a recent webinar presented by Resilinc, a supply chain resiliency solutions provider.

Groundbreaking Study Analyzes Enterprises’ Platform Sourcing of Online Freelancers

digital

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Today, a new study, “Platform Sourcing: How Fortune 500 Firms Are Adopting Online Freelancing Platforms,” was published by researchers Greetje Corporaal and Vili Lehdonvirta of the Oxford Internet Institute at the University of Oxford. The research project, organized under the Oxford Internet Institute’s iLabour Project, was designed to fill a gap in the practical understanding of how large enterprises go about introducing and expanding the use of online freelancers. The research also provided the basis for recommendations for other enterprises.