ICYMI, Icertis becomes CLM unicorn; CSX lowers revenue projections; RV industry caught in trade war

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As Spend Matters reported yesterday, Icertis announced that "its latest funding round raised $115 million and that the provider of contract lifecycle management (CLM) is now valued at more than a billion dollars, reaching proverbial 'unicorn' status." Railroad CSX has lowered its revenue projections for the remainder of the year. And the uniquely American manufacturing sector for recreational vehicles finds itself in the crosshairs of President Trump’s “trade war” with much of the globe. Afternoon Coffee: putting you in the crosshairs of the latest procurement and supply chain news.

How ‘first-mile’ flaws hinder last-mile success

Businesses want and need to deliver for their customers, and that’s often done by putting a ton of thought and effort into the last mile of the process to ensure success and customer satisfaction. But, while getting products and services to customers is vital, it’s not the first step.

For that, we need to focus on the first mile — that time in any company’s supply chain process where you can set a solid foundation to work with suppliers, engage services and order direct materials. The first mile is just as important as the last mile for meeting customer commitments, and it’s even more important when it comes to maximizing margin, managing inventory and recognizing revenue.

To succeed, you’ll need to improve your processes by implementing a digital transformation. That involves more than using digital forms instead of paper. To truly transform, real-time data and visibility need to be at the heart of how your company runs. Problems in the first mile need a modern solution.

Business Intelligence to Transform Procurement