In Case You Missed It … Procurement and Supply Market Roundup

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed - we may have more from our analysts in the coming days  ...

SIG Executive Summit and Spend Matters

The Sourcing Industry Group (SIG), the US membership organisation for sourcing, procurement and outsourcing executives, has announced a new partnership with Spend Matters to provide SIG buy-side members with procurement solutions intelligence and services. SIG will provide its members with discounted access to Spend Matters’ SolutionMap Accelerator and Spend Matters PRO. Spend Matters’ clients will have opportunities to participate in industry research, regional SIGnature Events and Global Executive Summits.

Spend Matters was at SIG’s Global Executive Summit this week, where Jason Busch announced the partnership in his session - here are his impressions from Day 1. He also reported on two sessions that focused on the opportunity for lease sourcing and shares some of his notes on the leasing opportunity for procurement to pursue – read part 1 here.

Help Influence Procurement’s Role and Purpose of the Future – New Survey

We are helping to promote a new survey, from international business consultancy, and one of Europe’s leading specialists in procurement and supply chain management, Inverto, which asks procurement leaders across the globe about their view of the role and purpose of procurement in the future and its impact on business.

To understand more about the background to the survey and what Inverto hopes to get from the results read this. And to take part in the survey (which takes 10 minutes to complete) and to get a free copy of the resultant report, Click here.

LevaData and IBM collaborate on cognitive analytics and direct procurement sourcing services

LevaData announced last night a collaboration with IBM to deliver savings opportunities and transform direct procurement through a cognitive analytics and direct procurement sourcing services solution. They aim to give procurement leaders the power to achieve business-changing outcomes through actionable insights. The new offering, DirectSpend IQ, brings together IBM’s expert managed services with LevaData’s Cognitive Sourcing Platform to deliver insights and recommendations for direct procurement cost savings opportunities and process transformation. Read the press release here.

How to send the wrong message to government purchasing leaders

Next year's G-7 gathering of economic leaders will take place at President Trump's Doral golf resort outside Miami. The decision, it is reported, was Trump's suggestion which was followed up by staff. “He said "no" when asked if it was better to avoid the appearance of self-dealing, pointing repeatedly to potential cost savings. He said he would not share documents on the decision-making process,” explains npr. Said the House Judiciary Committee chair: “He is exploiting his office and making official U.S. government decisions for his personal financial gain." Said one of our Spend Matters’ analysts: "What should a CPO do when the CEO tries to direct contracts to a supplier that the CEO owns? This really sends the wrong message to government purchasing leaders and their staff.” Full story here.

And in other news ...

Lift-off for five bold public contracting reforms to improve public services

Supplier Relationships is Top Concern for UK Finance Leaders as Brexit Deadline Looms

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