Down the Procurement Pub with Public Spend Forum, BravoSolution, Tungsten and Twenty-One Pilots

We've had quite a week. We held the first kick-off meeting of the Public Spend Forum Exchange, with PSF founder Raj Sharma flying in from Washington DC to tell us what is going on there with PSF, and explain the latest US government procurement initiatives. We'll have more about the Exchange shortly. Raj did look just a little worried, it is probably fair to say, about certain US political developments ... here is a scene from the pub afterwards with Raj and Nancy mulling over the working session. Thanks to everyone who came along, and to BravoSolution for their support - a reflection of their own commitment as a contributor to improving public procurement performance.

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rwp-2We also held the latest in the BravoSolution Real World Procurement series, with me leading on Next Generation Supplier Management. We had a record turn-out for this, as you can see in this picture of the networking lunch after my session, including such luminaries of the supplier management world as David Atkinson (who has written authoritatively for us on SRM many times). It seemed to go well, and we will have more on the content of that session next week. And I'm leading a webinar on the topic for those who couldn't make it - you can book here, 11am UK time (for European audiences) or 4pm UK time (for US folk or if you don't get up before noon).

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eInvoicing and supply chain finance firm Tungsten has announced that all eInvoicing clients will have access to certain features of their spend analytics platform free of charge. “Tungsten Network has announced the expansion of its spend analytics offering, launching a free edition to help more businesses get visibility on their finances. This resource will allow buyers to analyse their own invoice data, offering comparisons against past spending patterns, often uncovering significant opportunities to make savings”.

We have written a fair bit about this in the past; the idea of analytics at the point of receiving an invoice rather than months later strikes us as a step forward. This looks like an interesting move for Tungsten to drive interest and uptake - and hopefully prove the concept. We can't see why clients wouldn't give it a go...

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Procurement hit the headlines again and in a not-so-good way, with Her Majesty's Revenue and Customs accused of letting a contract to US firm Concentrix that led to thousands of tax credit recipients receiving poor or unfair treatment. HMRC then announced in what looked like a bit of a knee jerk reaction that the contract would not be renewed next year, which in itself drew a strong response from Concentrix. We'll have more detail on this next week.

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This one is for Raj’s six-year old son who is a huge Twenty-One Pilots fan apparently – very advanced musical tastes! This is from Reading Festival – we were there and it was the most manic set of the event with an absolutely packed tent.  This is the drummer crowd-surfing with drums ... when the singer crowd-surfed he got “attacked” … (He didn’t really, it was just so packed and chaotic). They are one of the most exciting live bands in the world right now.

 

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