Sourcing and Categories Content

Commodities Roundup: European steel faces challenges; US auto sales race off to strong Q1; oil price remains steady

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Here’s a quick rundown of news and thoughts from particular commodity markets, including coverage of a McKinsey report on European steel, the steady oil price, a seismic shift in the copper market and much more.

MetalMiner, a sister site of ours, scours the landscape for what matters.

Commodities Roundup: Suez Canal aftermath; ATI strike; HRC in Europe

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For the buyers and category managers out there, here’s a quick rundown of news and thoughts from particular commodity markets, including analysis of the aftermath of the Suez Canal blockage, a strike at ATI, steel imports and more.

MetalMiner, a sister site of ours, scours the landscape for what matters.

Procurement in Practice — Handling unique sourcing complexities at Carnival Cruise Line

Carnival Cruise Line

Carnival Cruise Line Chief Procurement Officer Norbert Dean joins us for this month's Procurement in Practice interview, which gives procurement professionals insights into how major players in the market handle issues that affect all procurement practitioners. Today, Dean discusses procurement technology and explains why sourcing for a 24/7, constantly moving operation poses some unique sourcing challenges.

“The difference between this industry and others, is that people stay on board. So it’s rather like sourcing for a giant hotel in terms of the breadth of products and services required. That might be the combination of food and beverages, the medical items and equipment, and especially PPE right now, the consumables people use every day, the hotel goods or the cleaning products and services. And then you have to factor in the quarterly and annual necessities, like changing out the TVs and mattresses — it’s a year-round operation," he says. "... It’s a tricky business when it comes to delivery times for all goods and services; they must be on time, because when the ship leaves, it leaves."

Commodities Roundup: Hot rolled coil heats up; European auto sector electrifies; US to add battery energy storage

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Here’s a quick rundown of news and thoughts from particular commodity markets, including coverage of hot rolled coil prices, Europe's automotive sector and more.

MetalMiner, a sister site of ours, scours the landscape for what matters.

Coupa acquires Pana, another travel solution, in the suite provider’s 6th M&A deal in recent months

Coupa announced it has acquired Pana, a provider of travel booking technology and the second T&E provider that Coupa has landed in its last 14 months of heavy M&A activity.

The suite provider of solutions for business spend management (BSM) said in its earnings call last week that Pana gives Coupa more capabilities with typical travel bookings and that the company’s innovative thinking, people and culture were a good fit.

In its most recent federal 10-K filing with the SEC, Coupa said it “paid aggregate cash of approximately $48.5 million and issued 23,822 shares of our common stock” in the Pana deal. Coupa’s stock prices last week ranged from about $285 to $252 per share.

Click to read CEO Rob Bernshteyn’s thoughts on the deal.

Commodities Roundup: Steady steel production; oil price supported in the short term; housing starts cool in February

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For the buyers and category managers out there, here’s a quick rundown of news and thoughts from particular commodity markets, including coverage of steel production, oil prices, housing starts and more.

MetalMiner, a sister site of ours, scours the landscape for what matters.

SAP Fieldglass Assignment Management launches to tackle projects and track worker access, compliance and pay

SAP Fieldglass Assignment Management

SAP Fieldglass Assignment Management is a new solution that enables organizations in asset-intensive industries (like Oil & Gas, Chemicals, Utilities) to manage the execution and accounting of day-to-day plant maintenance work conducted by external workers, the provider said in a demo with Spend Matters. Read more about the benefits of tracking projects, workers, compliance and pay in near real time. And our analysts give their key takeaways from the demo.

Commodities Roundup: GFG Alliance’s financing problems; Gold price slides; Oil producers walk fine line

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For the buyers and category managers out there, here’s a quick rundown of news and thoughts from particular commodity markets, including coverage of GFG Alliance, gold prices, the ups and down of oil and much more.

MetalMiner, a sister site of ours, scours the landscape for what matters.

Commodities Roundup: Supply chain woes; Oil price gains; Housing supply falls short of demand

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Here’s a quick rundown of news and thoughts from particular commodity markets, which this week includes coverage of oil prices, housing supply and rising shipping rates.

MetalMiner, a sister site of ours, scours the landscape for what matters.

Beyond VMS: Beeline introduces its extended workforce platform

Beeline, the global, contingent and extended workforce technology solution provider, announced a strategic product shift today. The company, which has been known for its core VMS solution for two decades, is now going to market as an extended workforce platform.

Rising to the occasion: Procurement’s moment to shine and deliver value

deliver value

It used to be that procurement was all about cost savings and driving efficiencies. While those two mandates are undoubtedly still top objectives today, the highly complex, uncertain and dynamic world in which we now operate is calling on teams to drive even more value at the highest levels. Jim Bureau, CEO of source-to-pay specialists Jaggaer, explains the other ways in which procurement can add value, strategically guide the business and meet the needs of society.

Diversity and inclusion are rising to the top of corporate agendas, making procurement initiatives that drive supplier diversity, ethics and human equity even higher priority. Climate change is still a very urgent issue, putting organizations under pressure to create environmentally friendly supply chains from end to end. Ingenuity is at a premium as organizations seek ways to stand out from competitors, making procurement’s influence and relationships with suppliers critical for product, packaging and transport innovation.