Sourcing and Categories Content

Digital trade ecosystem has obstacles — Are S2P networks part of the answer?

Any trade finance solution must be corporate-centric when it comes to digital connectivity. Everyone knows the coronavirus pandemic is pushing us more toward digital. I believe source-to-pay (S2P) networks already have a step up because they have digitized the buy process and enable the invoicing to be electronic as well.

Independent professionals are in demand, picky: 5 tips for companies to be a client of choice

As about 7.6 million independent professionals annually provide their skills as contingent or contract-based employees, a report by MBO Partners emphasizes the need to support these in-demand staffers in the new COVID-19 world. Throughout the past 10 years, the economy has seen a rapid growth in the independent workforce, which includes about 41 million Americans of various ages, income levels and industries, MBO Partners found in its “Client of Choice Report 2020.”

Medpricer becomes Conductiv, launches new solution

Medpricer, a provider of complex services solutions, has changed names to Conductiv, which introduced the Conductiv Platform, an integrated suite for purchased services cost optimization. While the company has been operating in the healthcare industry and addressing the services procurement needs of hospitals and healthcare systems, its new branding appears to be less industry-specific.

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Getting from ‘Adapting’ to ‘Learning’

“Adapting.” It’s a single word that describes how many of us are carrying on personally and professionally amid the COVID-19 disruption. SIG is no different.

We held our inaugural Procurement Technology Summit in May as a completely virtual event. It was new territory for SIG, but we were committed to making the attendee experience every ounce as valuable as a face-to-face event.

“Learning.” It’s what every single one of us needs to focus on now as individuals and at the organizational level.

As the business world adapts and learns how to navigate COVID-19, it will become more vital than ever for companies to encourage their people to upskill. Whether you scrapped your 2020 strategic plan and are starting afresh or are pivoting your nimble team toward a new direction, workforce education will be key.

Workforce Logiq announces new solution to optimize talent location as return to work proceeds

Workforce Logiq — a global provider of AI-powered workforce intelligence, technology, and services to enterprises — announced today that it has developed a new solution called IQ Location Optimizer.

According to the announcement, the solution enables organizations “to make data-driven decisions on where to source talent and whether or not a remote work arrangement makes sense for the role.” The company also reported it had filed three new patents in conjunction with the new solution.

Spend Matters received a demo of the solution, which presents with an elegant geo-mapping interface. The demo showed how a recruiter or other manager in an organization can begin with a job req and game out the options.

VectorVMS, WillHire partner up

VectorVMS, a leading vendor management solution, and WillHire, a direct sourcing solution, announced a partnership to help organizations improve their contingent workforce sourcing. The press release asserts that “it is predicted that the use of contingent labor will skyrocket as the economy rebuilds post-COVID-19, making a differentiated sourcing strategy imperative.”

EverHive, VNDLY partner on ‘Quick Deploy’ contingent workforce solutions

supplier network

EverHive, a new type of contingent workforce services solution provider, today announced a partnership with VNDLY, an innovative work management system and VMS solution provider.

Some organizations affected by the COVID-19 crisis, have become aware of their inadequate visibility into, control over and communication with their contingent workforces and suppliers. And many of those will want to get something up and running quickly and relatively inexpensively and expand upon it later. The EverHive-VNDLY partnership is aimed at providing organizations with a rapid path to an appropriately scaled contingent workforce management technology/services solution.

Digital procurement Q&A: ‘There is no excuse … to not adopt even the most basic toolkit’

digital

Digital transformation of procurement departments at large corporations occurs so that the enterprises stay cost-effective, strategic and growth-oriented. But smaller businesses can struggle with how to make the case for buying procurement technology.

“There is no excuse for an organization’s procurement team to not adopt even the most basic toolkit,” said ProcurePort Director Jemin Patel, who mentioned that companies have viable options because of the array of procurement technology at various price points.