Sourcing and Categories Content

At Coupa Inspire in London, 2 game-changing innovations barely got a mention 

Last week, Spend Matters Europe did a great job of summarizing the Coupa Inspire event in London, including a look at the biggest items that Coupa was pushing on its product agenda.

This was great, but the best product-related announcements weren't in the keynotes, and they barely even got more than a mention in the breakout sessions.

So today, we're going to focus on two developments — connectivity and analytics encapsulation — because these innovations can totally change the game in business spend management and should not be overlooked!

Commodities Roundup: Palladium soars; steel slides; auto tariffs loom over U.S.-E.U. trade talks

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

Customer reviews for Keelvar are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Keelvar, an e-sourcing vendor known for its sourcing optimization software.

The applicable SolutionMap category for this report is in Sourcing.

SolutionMap Insider members can click here to read about Keelvar in our latest report.

In each Customer Insights report, we provide a one-page summary of details from the SolutionMap peer review process. It includes ratings on how well the vendor meets its customers' expectations, three key differentiators for the vendor and a list of quotes from customers about the vendor’s greatest strengths.

Classification Complications: How Companies Can Use Technology to Navigate Stricter California Freelancer Law

sharing economy

There were already abundant federal and state laws surrounding freelance worker classification before California approved the adoption of the country’s most stringent test. In the recently passed Assembly Bill 5 (AB-5 or the “Uber bill,” as it’s commonly called), the state tightened the rules to close what they saw as loopholes hurting workers and the state.

Growing from the 2018 California Supreme Court decision Dynamex Operations West v. Superior Court of Los Angeles County, AB-5 establishes a new three-part test — dubbed the ABC test — that employers must satisfy to classify workers as freelancers or independent contractors. If even one part of the ABC test isn’t met, the worker is considered by the state to be an employee of the company engaging them.

So what are companies supposed to do? Set a policy and add the right technology to manage freelancers.

With the number of freelancers on the rise, companies need to take action to be sure they have visibility into and control of their independent workforce.

While companies continue to use VMS technology for certain worker management functions, there is now technology specifically geared to freelancer management. By adopting a cloud-based freelancer management system (FMS), companies can take a major step in reducing risk and meeting compliance requirements while managing their total freelancer population from a single platform.

Commodities Roundup: AI in mining; falling steel prices; September auto sales

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. MetalMiner, a sister site of ours, scours the landscape for what matters. This week: AI in mining in Arizona, falling steel prices, changes from the London Metal Exchange and September auto sales.

Commodities Roundup: Mining and metal deal values fall; Indian gold sales drop; protests impact No. 1 copper producer

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

SIG dispatch: Leasing Spend — The Hidden Double Digit (millions) Category Savings Opportunity! (Part 2)

contract

I wanted to continue my SIG post from the other day that looked at lease spend and why it’s gaining importance. In recent years, lease spending has come under the microscope because accounting rules now require publicly held companies to disclose their lease spend on their balance sheets. Private companies and government agencies will have to do the same eventually.

The foundational piece of effective leasing spend management is assembling all that data to enable the proper accounting treatment for leases. This also paves the foundation for better visibility and control of leasing spend as well (to learn more about the basics, a recent Spend Matters’ article looked at why lease spend is poorly managed).

But visibility is different from impact. Once procurement has helped finance properly account for new financial reporting requirements, there’s an opportunity to drive lease savings as well.

So let’s look at where the value and savings can come from.

Workforce Logiq acquires ENGAGE Talent and gets even smarter

Workforce Logiq, a global provider of workforce management software and services to large corporations, announced it has acquired the predictive analytics and AI software company ENGAGE Talent.

ENGAGE, based in Charleston, South Carolina, provides major businesses with various analytic services that improve talent acquisition and engagement performance. Both Workforce Logiq (which is owned by The Carlyle Group) and ENGAGE Talent (founded in 2014) are privately held companies, and the terms of the deal were not disclosed.

The acquisition marks further momentum of Workforce Logiq’s strategic transformation ...

Customer reviews for Beeline are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Beeline, an independent provider of solutions for sourcing and managing contingent labor.

The applicable SolutionMap categories for this report are in all three of our contingent workforce areas: Temp Staffing, Contract Services/SOW and Direct Sourcing of Workforce/Services.

SolutionMap Insider members can click here to read about Beeline in our latest report.

In each Customer Insights report, we provide a one-page summary of details from the SolutionMap peer review process. It includes ratings on how well the vendor meets its customers' expectations, three key differentiators for the vendor and a list of quotes from customers about the vendor’s greatest strengths.

Direct procurement seeks an upgrade over spreadsheets, risky manual processes

Toyota supply chain

Over the last year or so, Spend Matters has written several articles and research briefs about direct procurement and the technology that’s needed to support it, so a closer look and some recent insights from manufacturers seems valuable to see why this technology needs wider adoption and to understand its benefits.

The overall view indicates that business leaders are avoiding digital transformation in this area — even though managing the part/material lifecycle, from direct materials procurement through supplier quality and end of life, is vital to discrete manufacturers, contract manufacturing companies, product assemblers or any company dependent upon direct materials.

If they did deploy technology that’s fit for direct materials, business could expect to see a lowering of process costs by up to 80%, more effective sourcing events, reduced cycle time to part qualification, less supplier and part risk, complete visibility across functions (like design, engineering, sourcing, quality, logistics), and the assurance that processes and best practices are always followed.

What’s more, not leveraging the proper tool exposes the business to more risks, as companies continue to run operations with a patchwork of spreadsheets, emails, calls and people’s memory to track thousands of supplier details.

Commodities Roundup: Copper supply grows, U.S. oil exports, China’s steel capacity

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

Customer reviews for Allocation are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Allocation, a specialist in technology for direct materials sourcing and supplier management for manufacturers and producers who have complex processes.

The applicable SolutionMap categories for this report are Sourcing and Supplier Relationship Management & Risk. SolutionMap Insider members can read about Allocation in our latest report.

In each Customer Insights report, we provide a one-page summary of details from the SolutionMap peer review process. It includes ratings on how well the vendor meets its customers' expectations, three key differentiators for the vendor and a list of quotes from customers about the vendor’s greatest strengths. (The users’ names and companies are kept anonymous.)