Sourcing and Categories Content

Enterprises’ Use of Contingent Workforce Grows and Business Case is Strong, The Economist’s Research Arm Finds

talent management

Most procurement practitioners and contingent workforce managers won’t be surprised by the assertion that employing contingent workers can have a significant upside for companies despite some costs and a fair amount of preparation, which remains to be done, according to The Economist Intelligence Unit’s February 2019 report, “Sourcing and Managing Talent in a Gig Economy.” But it's interesting to see how the perception of this sector is developing and to gain a few more insights.

Sourcing Optimization Should Be Accessible, Flexible: The Case for Rethinking a Misapplied Technology

Sourcing optimization can and should be applied more broadly to a variety of sourcing scenarios, bringing a simpler approach and guided exploration — designed with the everyday sourcing user in mind. With the value it can bring to categories and customers alike, why should sourcing optimization remain out of reach beyond the most complex logistics bids?

To understand how this situation arose, it helps to consider the rationale behind how first-generation sourcing optimization solutions were designed.

3 More Ways Procurement Can Transform with CRM

Spend Matters welcomes this guest post from Sean Harley, co-founder and CEO of LUPR.

In his recent Spend Matters post, Stan Garber described how sales organizations have leveraged customer relationship management (CRM) platforms from providers like Salesforce to achieve higher levels of success. We would like to suggest three more features of CRM that are transformative for supply management.

Latest Procurement Technology Not Adopted Very Fast, LevaData Finds

Procurement executives may understand how key technologies like data analytics, artificial intelligence (AI) and machine learning (ML) can significantly improve their processes, but they don’t always turn that understanding into actionable adoption of those tools, according to a recent webinar on LevaData’s Cognitive Sourcing Study.

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L’Oreal Finds the Beauty of Bonfire’s Solution: Stakeholder Buy-in and Better Supplier Relations

Every growing company reaches a point when transaction volumes overwhelm misapplied IT systems and manual business processes. When that happens and the risks rise, businesses have to begin the necessary task of identifying a better way forward. For many organizations, that means automating and optimizing the sourcing process with dedicated e-sourcing software — ideally a setup that’s easy to use and gives your company a competitive edge.

As a division of the beauty products maker L’Oreal found out, the strategic sourcing platform from Bonfire could resolve many of these issues.

Is Telecom and Freight ‘Commodity’ Spend? Look How Uber/Lyft and Amazon Manage Them!

I’m sitting in on a webinar tomorrow with some amazingly deep transportation experts over at Spend Management Experts. These guys live and breathe small parcel, and if you want to learn about what’s really going on in this category and what you can do to bring more than a knife to a bazooka fight, you should check it out. For a preview, read how telecom for Uber equates to logistics for Amazon.

Comparing S2P Procurement Technology Suites on a Functional Basis: Coupa, Ivalua, Jaggaer and SAP Ariba

Now more than ever, better choices exist at the top end of the market for source-to-pay technology suites. When it comes to overall suite functional performance in the Q4 2018 SolutionMap, a handful of suite vendors tend to stand out from the overall pack, often for very different reasons. Four of the top performing S2P suite vendors in the Q4 SolutionMap functional benchmark are Coupa, Ivalua, Jaggaer and SAP Ariba. But how do they compare to the overall SolutionMap source-to-pay benchmark dataset? You can find out here in our coverage, which will include Determine, SynerTrade and Zycus.

10 Tips for Women-owned Businesses Seeking Government Contracts

For Spend Matters’ weekly focus on public procurement, we take a look at Public Spend Forum’s 10 tips for how women-owned small businesses can succeed in government contracting. The public-sector opportunity for women-owned business has improved somewhat in recent years. In 2017, the government hit a goal of having 5% of its contracts go to companies owned by women. That percentage represents $17.8 billion, so there’s more money to be made. PSF sees this as the new baseline, with a lot of room to grow above the 5%. To help do that, it offers these 10 tips:

Commodities Roundup: February Price Surges, USTR Releases 2019 Trade Policy Agenda, Steel Capacity Hits 81.1%

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. This week: Metal prices rise, steel utilization is up; Brexit fallout still looming.

Upwork’s Latest ‘Future Workforce’ Report Shows Differences in Freelance, Remote Hiring by Millennials/Gen Z and Baby Boomer Managers

contingent workforce

The freelancer website Upwork on Tuesday released its third annual “Future Workforce Report,” which examines hiring behaviors of more than 1,000 hiring managers based in the U.S. It looks “specifically into how younger generations’ (hiring managers) are shaping the future of work.” The study is far-ranging, but our coverage will focus on some areas relevant to our procurement audience: younger generations’ attitudes toward changing work models — namely, remote work and external workforce.

Commodities Roundup: Europe Auto Group Reacts to Section 232, Oil Price Rises, Global Steel Growth Slows

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. This week: Europe Auto Group Girds for Trump 232 Tariff Ruling, Zinc and Lead in Deficit, Oil Prices Rising