Supply Chain Management and Procurement News
 

Source One News & Insights – October 2018

Procurement News and Insights from Source One

 



– SOURCE ONE NEWS –



A Case Study in Flexible Procurement Support

Finance and AP Automation Experts Sponsor Leadership Conference 

On October 21st, experts from Corcentric’s AP optimization team attended the Connect CFO Leadership Summit as featured sponsors. The three-day event brought hundreds of Finance innovators to Chicago to discuss topics like disruptive technology and the evolving skillset of Finance professionals. In addition to leaders from Fortune 500 organizations, the Summit’s impressive roster of speakers included Corcentric’s own Nina Doherty. A long-time advocate for AP automation, Doherty discussed the considerable savings that await forward-thinking Finance units.

Procurement Transformation: Industry Perspectives

Spend Management Specialists at ProcureCon MRO

October 29th, Source One’s Procurement and Strategic Sourcing experts brought their insights and experience to Dallas for ProcureCon MRO. The world’s only  conference dedicated exclusively to MRO Procurement, the event welcomed category experts from across Supply Chain Management. Throughout the two-day event, thought leaders traded insights on topics including stakeholder engagement, optimal distribution models, and the incoming wave of disruptive technologies. Source One’s experts enjoyed an opportunity to promote their whitepaper series MRO Demystified.

 



– SUPPLY CHAIN INSIGHTS –


What Do New Regulations Mean for Recycling?

Forget Green? Why We’re Saying ‘Goodbye’ to Recycling

China has long held the top position when it comes to handling recycled materials. Importing some 65% of the world’s scrap, China is looking to crack down and make big changes to the world of recycling. Seipel examines the potential impact of China’s actions and outlines a number of potential responses. Should we choose to respond proactively, he suggests, we might introduce quality controls to ensure China’s scrap imports are high-quality. We might also look to develop alternative markets. He writes that some exporters have already begun to take these measures.

Is the Magic Quadrant the Best Way to Select Procurement Solutions

Using Gartner’s Magic Quadrant to Find Your Procurement Technology? Good Luck.

When they’re looking to assess and select Procurement technology, many organizations look no further than the Gartner Magic Quadrant. In his new four-part blog series, Benjamin Duffy explains why this is a short-sighted and ineffective method for making these decisions. Part 1 sees Duffy explain Gartner’s methodology for selecting eligible vendors. Their criteria, he suggests, leaves out loads of vendors for what are effectively arbitrary reasons. For example, organizations must earn at least 20% of their income on another continent to earn a spot on the list. Understandably, this leaves loads of world-class vendors off the list.

Blockchain-Empowered Social Responsibility

4 Ways Blockchain Brings Social Responsibility to the Value Chain 

Though it’s been around for nearly a decade, blockchain has more recently become the hottest of hot topics for supply chain managers. Most still associate the technology with cryptocurrencies like Bitcoin, but the incorruptible digital ledger provided by blockchain promises far bigger things. In this blog, Gabriela Julia looks into the ways a blockchain-empowered supply chain can help organizations deliver on their Corporate Social Responsibility initiatives. Organizations like IBM and Walmart, she writes, are already using blockchain to ensure food safety and build consumer trust.

The Benefits of Green Supply Chain Management

Making Green Procurement Work

Today’s consumers are more discerning and socially engaged than ever. They expect their preferred organizations to behave responsibly by embracing green business practices. Many organizations, however, operate under the misconception that green practices are inherently costly. In this detailed infographic, Source One’s sustainable supply management experts outline the considerable benefit of taking a green approach. In addition to cost savings, responsible organizations will enjoy improved process efficiencies and a boost to their corporate branding efforts.

Procurement and Continuous Improvement

Busting Continuous Improvement Myths

In the first installment of a series on prevailing misconceptions, Jaisheela Setty looks at the excuses organizations make to avoid embarking on continuous improvement initiatives. Among the most common is the idea that only large organizations can introduce continuous improvement successfully. While small organizations might have a harder time building the business case, there’s no reason they can’t make a culture of ongoing evolution a reality. In other instances, organization resist continuous improvement because they don’t believe they need to improve. These assumptions, Setty suggests, are almost always wrong.

 

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