Author Archives: Nick Heinzmann



Afternoon Coffee: LawGeex Raises $12 Million in New Funding, Tesla Temporarily Halts Model 3 Production Again

LawGeex, a relatively new vendor in the contract management space, announced Tuesday it had closed a $12 million funding round led by venture capital fund Aleph. Tesla’s beleaguered Model 3 sedan is halting production again this week, this time for four to five days to “improve automation” on the assembly line. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Omnia Partners Purchases U.S. Communities GPO, Argentine Ports Stalled by Sticker Shortage

Omnia Partners, a group purchasing organization (GPO) composed of National IPA, Prime Advantage and Corporate United, announced Monday it had entered an agreement to buy Communities Program Management LLC, the organization that staffs and manages the operations of the U.S. Communities Government Purchasing Alliance. Dangerous weather and labor strikes are not the only issues that can hold up shipments at ports. Sometimes a supply disruption can be caused by something as a simple as a shortage of green stickers. Afternoon Coffee brings you the latest in procurement and supply chain news.

How Procurement Tech Adoption is Changing the Early Payment Game for the Better

The imperative to improve working capital is nothing new. As long as businesses have existed, buying organizations have wanted to hold onto their cash as long as possible, while suppliers have wanted to be paid promptly for goods and services provided. No wonder, then, that one of the oldest mechanisms to alleviate this discrepancy, invoice finance, dates back almost 5,000 years. But even over such a long history, invoice finance changed little. That's why the technological forces that are shaping this space stand to change so much about how it works.

Afternoon Coffee: Xeeva Raises $40 Million in New Funding, Trump Wants Back in TPP

Xeeva announced Thursday it had raised more than $40 million in a funding round led by PeakEquity Partners. One of the first actions President Trump took when he assumed his office was to pull out of the Trans-Pacific Partnership. But over a year later, it looks like he wants back in. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: EcoVadis Releases Latest Version of Platform, China Digs in on Trade Fight

EcoVadis announced Wednesday the release of EcoVadis 10, the latest edition of its sustainability intelligence platform. China’s Ministry of Commerce reiterated Thursday its resolve to not give into the Trump administration’s demands on trade, saying it would fight unilateralism and trade protectionism “till the very end.” Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Jaggaer Announces Panther Release 18.1, Volkswagen Cancels Contracts with Prevent Group

Jaggaer's most recent updates include expanded support for collaborative contract negotiation; added capability for receipt-based invoicing; and new tools for project management. Following a series of supply problems affecting production in Brazil between 2015 and 2016, Volkswagen announced Tuesday it had cancelled the majority of its contracts with parts and material supplier Prevent Group. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Apple Encouraging Suppliers to Switch to Renewable Energy, Europe Caught Between U.S. and China in Trade Spat

Apple announced Monday that all of its worldwide facilities are now powered exclusively by renewable energy. But with that goal completed, the company is now turning to its suppliers. Escalating trade tensions between the U.S. and China have left Europe stranded in the middle. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: NAFTA Talks Show Small Signs of Progress, Suplari Raises $10.3 Million in Series A

Negotiators met in Washington, D.C., last week to discuss an “agreement in principle” for a new version of the North American Free Trade Agreement (NAFTA), a step that would lock in the main tenets of a new deal, if not the fine print. Suplari, an analytics platform that emphasizes the use of artificial intelligence in its offering, announced Thursday it had raised $10.3 million in a Series A funding round led by Shasta Ventures. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trump Threatens China with New $100 Billion Tariff Plan, Delta Tech Supplier Discloses Cybersecurity Breach

The escalating trade war rhetoric continued Thursday evening as President Trump said he had directed the U.S. Trade Representative to consider ordering an additional $100 billion worth of tariffs on China’s exports. A supplier of technology and chat services to Delta and other airlines said this week it was “involved in a cyber incident.” Afternoon Coffee brings you the latest in procurement and supply chain news.