Spend Matters 50/50: LeanLinking – A Provider To Watch in 2015

 

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is some of what our US colleagues had to say about LeanLinking:

"LeanLinking has taken a neat idea and run with it. Whether a small startup in Denmark — and with a real procurement practitioner at the helm ... can succeed these days is less clear. I guess we will find out in a couple of years ... That founder and CEO is Lars Kuch Pedersen, in his mid-thirties now and with a successful career as a procurement executive ... The product is a cloud-based platform that enables information to be collected, shared and distributed around and across buyer and supplier organizations. So you might ask 50 internal stakeholders of a particular supplier to rate them every month — or even every day/week — against certain criteria, then aggregate, analyze and share that data automatically via the platform in a controlled and secure manner with your supplier and with other internal stakeholders ... The whole area of supplier and buyer collaboration, linked with supplier relationship management (SRM) and supplier-driven innovation, is a sweet spot for procurement focus and technology at the moment."

There's more here on our US site. As you might have guessed, the Spend Matters US article was in fact written by our own Peter Smith, so we don't have much to add to the original - this is very much a European firm at the moment at least.

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