Givewith Q&A: How technology allows social impact to be ‘seamlessly embedded into transactions’

As social and environmental issues become more important to regulators, consumers, investors and C-suites, companies have begun programs to address sustainability, corporate social responsibility (CSR) and topics related to ESG — environmental, social and governance issues. Besides satisfying outside interests, businesses also can find value in these pursuits — but they may not be getting all of the benefits that they could. So we interviewed the founder of Givewith, CEO Paul Polizzotto, to shed some light on the issues. Givewith uses technology to help companies match their sustainability and ESG efforts with a nonprofit or social enterprise that benefits those areas. Givewith evaluates hundreds of nonprofits and social enterprises and works with companies all around the world to help turn everyday business into a social benefit. Q&A Spend Matters: Can you tell us what inspired you to start Givewith, and tell us how it works? My path into the world [...]

2020 Predicaments in Strategic Sourcing: How to Make It More Strategic

(Editor’s note: Spend Matters’ analysts are taking on the new year by looking at their areas of procurement technology to see what’s broken and what can and should be fixed this year. Here, analyst Magnus Bergfors lays out the predicaments faced in strategic sourcing. And for our PRO subscribers, his other post today offers his predictions for 2020.) Strategic sourcing as a concept was introduced in the 1980’s and heavily influenced by consulting firms such as McKinsey (which gave us the famous Kraljic matrix) and A.T. Kearney — and is a process that is designed to help procurement organizations successfully source or renegotiate products and services in a deliberate manner. There are many, many versions by now, but in general it consists of five steps that typically cover: Needs/demand analysis, category/commodity analysis or opportunity assessment. This is the initial step to understand what needs to be sourced and how it [...]