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'll have more from our analysts in the coming days  ...

SAP Ariba Live Comes to an End

We've been reporting on SAP Ariba Live this week, read about Day 1  and Day 2. Here is a roundup of the final morning from our woman on the ground Jenny Draper.

The final morning and early afternoon hours of the SAP Ariba Live conference saw people in their more relaxed, travelling clothes, mooching with that ‘morning after the night before’ air about them.  For many it was precisely the case as Ariba took over the bars and clubs on the beach front of Barcelona, imbibing, eating and dancing into the small hours.  A party to remember, by all accounts.

Nevertheless, the sessions commenced early on Thursday and the attendees were listening as they gulped their coffee and consumed croissants to shake off the late night. I attended an IBM session early doors which filled the room and was well worth sticking around for. Titled ‘Cognitive Procurement Points of View and Use Cases,’ it opened with Bob Booth, VP, Cognitive Process Reengineering Lead reading aloud a statement on a plain slide, rather subtly yet with an impactful tone: ‘There are more people alive today than have lived.’ It really is quite a statement.  The message from Bob being that whatever we do is going to impact an enormous amount of people and we need to be mindful of being effective. To that end, Bob talked, conversational in tone, about how process (in his example of Source-to-Pay process) needs to be injected with cognitive support (tools) at ‘the moments that matter.’ His use cases and tips for people undertaking a review or overhaul of a process got a large portion of the audience pulling out their smartphones to take photos – the mark of useful, well delivered content. I’m going to cover IBM’s cognitive services in more detail in an article to come, but well worth hearing about if you get the chance.

The sessions drew to a close by lunchtime, the food continued to flow and the flamenco dancers closed the show in Europe for another year. SAP Ariba put on an event that reached all attendees on one or multiple levels. Post weekend, I suspect many attending practitioners will be picking up on themes and ideas drawn from the varied content. Job well done!

And on Monday we'll bring you coverage of the Zycus Horizon event in Budapest - look out for that.

Circular IQ Wins Second European Supply Chain Start-up Contest

Dutch start-up Circular IQ has won the second edition of the European Supply Chain Start-up Contest during the recent inNOWvate Supply Chain Event in the Netherlands, organised by Supply Chain Media. Circular IQ impressed both the jury and the delegates at the inNOWvate Supply Chain Event with its virtual platform that gives companies the necessary commercial insights to capitalise on circular innovation, save natural resources and ultimately boost their profit. Read about the competition and the evaluation process here.

Watchdog Gone Wild? NYC Procurement Tech Overhaul Price Investiged by Our Resident Sleuth

Following recent media reports which alleged that New York City has been overpaying for its implementation of procurement software, our analyst and procurement sleuth Pierre Mitchell has gone on a mission to set the record straight. The reports have used a watchdog group’s analysis to attempt to compare the seemingly high price tag of the NYC implementation by suite provider Ivalua to that of a smaller implementation of the city of Dallas by a more niche software provider, Bonfire. Ivalua and Bonfire are two procurement software providers that Spend Matters covers within the broad procurement provider ecosystem, and we are not comparing apples with apples in these two transformation events. Read his findings and analysis here.

Deloitte Survey Finds Vast Majority of Organisations Have Insufficient Visibility of Their Supply Chain

Deloitte has released new research on third-party and subcontractor risk. More than eight in ten organisations (83%) globally have experienced a third-party incident – such as a supplier losing data after falling victim to a cyber-attack – in the past three years – the figure rises to 90% of the 260 UK-based respondents. The 2019 survey suggests that the majority of organisations have insufficient visibility of their supply chains and the potential risks they face from within these networks. Deloitte’s extended enterprise risk management (EERM) global survey was conducted between November 2018 and January 2019. More findings and analysis can be found here.

SolutionMap Personas in the Spotlight

Spend Matters has begun a series of personal essays on its unique solution provider rankings methodology SolutionMap - each analyst is outlining his favourite 'buying persona' (Nimble, Deep, Turn-Key, Configurator, CIO Friendly as well as Optimizer for sourcing providers and Global for CWS vendors). Read which ones Jason Busch, Pierre Mitchell and Andrew Karpie have chosen, and this week read about Michael Lamoureux’s choice.

Digitalisation Still Top of CPO Agenda

Also at SAP Ariba Live in Barcelona this week the firm shared the findings of a new global CPO survey, conducted by the University of Mannheim in collaboration with SAP Ariba earlier this year. It finds that digital transformation in procurement organisations is set to accelerate even faster in the year ahead, and that digitalisation is still at the top of the Chief Procurement Officer agenda. Find out why 84% of the respondents consider digitalisation to be important to improve procurement performance, and for a summary of the survey’s other findings, visit the SAP Ariba Resource Library or the University of Mannheim website.

First Voice

  1. Patrick Maina:

    Thanks for sharing

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