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If you're drowning in a sea of procurement tech, you need someone to throw a lifeline; and on this episode, Jonathan and Paul have found just the man. They are joined by Chief Research Officer and MD at Spend Matters, Pierre Mitchell. He'll guide us through all the latest tech and will teach us one or two new bits of jargon. Brought to you by Positive Purchasing. Produced by Fresh Air Studios, contact us to find out where to record a podcast in the South West!
"Procurement organizations that are able to master knowledge around their workflows and categories, and bring that intelligence on demand into their processes and tech, are going to really be able to get that 5x, 10x, 20x kind of performance advantage. It's a game-changer.” - Pierre Mitchell, Chief Research Officer and Managing Director, Spend Matters Procurement technology is a fast moving target, and well-known industry analyst Pierre Mitchell is one of a handful of highly experienced people who can provide a nuanced perspective on the evolving landscape of procure tech, both looking back at what's been accomplished while simultaneously predicting the trends that will drive us into 2025 and beyond. In this episode, Philip Ideson speaks with Pierre, who is the Chief Research Officer and Managing Director at Spend Matters, about the critical factors impacting the procure tech market, how to avoid data paralysis, the road ahead for procurement and generative AI, and how procurement leaders can wade through a crowded, fragmented, (and still growing!) procure tech landscape. They also discuss: The most important procure tech trends to pay attention to in 2025 What procurement leaders should look for in an intake and orchestration platform The likely outcomes, key developments, and challenges for the procure tech market in 2025 Links: Pierre Mitchell on LinkedIn Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube
On this episode of the Sourcing Industry Landscape podcast, Dawn is joined by Nick Heinzmann, VP of Research at Spend Matters. In his role, Nick sets the Spend Matters research and publication agenda. He also has served as a lead analyst for several technology categories, including contract lifecycle management (CLM), fraud analytics, startups and ESG-focused vendors in and around the source-to-pay (S2P) market. We learn about Nick's personal journey and what ultimately led him to win the 2022 Future of Sourcing Rising Star Award. Learn more about the Future of Sourcing Awards >> https://futureofsourcingawards.com/
Stephany Lapierre is the founder/CEO of Tealbook, a highly coveted supply chain thought leader, and one of the most influential minds in emerging data technologies. She has been recognized as one of the Top 100 Most Influential Women in Supply Chain, and her company, Tealbook, has both been named a Top 50 company to watch by Spend Matters and won the Cool Vendor Award by Gartner. Prior to Tealbook, Stephany spent 10 years building a successful strategic sourcing and procurement consulting firm focusing on large scale sourcing optimization projects. Currently, Tealbook is the only Big Data company that provides a self-enriching and self-maintaining mechanism to fix enterprise supplier data, forever.
Stephany Lapierre is the founder/CEO of Tealbook, a highly coveted supply chain thought leader, and one of the most influential minds in emerging data technologies. She has been recognized as one of the Top 100 Most Influential Women in Supply Chain, and her company, Tealbook, has both been named a Top 50 company to watch by Spend Matters and won the Cool Vendor Award by Gartner. Prior to Tealbook, Stephany spent 10 years building a successful strategic sourcing and procurement consulting firm focusing on large scale sourcing optimization projects. Currently, Tealbook is the only Big Data company that provides a self-enriching and self-maintaining mechanism to fix enterprise supplier data, forever.
It's our last Future 5 Friday for this year! Spend Matters has partnered with SIG for a 5 part podcast series to showcase this year's Future 5 list – a group of newly emerged procurement technology start-ups that you should know about. Over the next 2 months leading up to our Procurement Technology Summit in April, we'll be interviewing the founders of each featured company to find out what it means to be a Future 5. Last, but certainly not least is Malbek - a Contract Lifecycle Management (CLM) vendor that focuses on maintaining an approachable interface, configurable settings, easy integrations and a strong, modern cloud platform. We had the pleasure of speaking with Hemanth Puttaswamy, who would be a starving musician if he wasn't Malbek's CEO and Co-Founder. Hemanth shares what it means to be recognized as a Future 5 company and how Malbek is reimagining the contracting process. Listen in to hear more about this startup destined for big things in the industry!
Future 5 Friday is back again! Spend Matters has partnered with SIG for a 5 part podcast series to showcase this year's Future 5 list – a group of newly emerged procurement technology start-ups that you should know about. Over the next 2 months leading up to our Procurement Technology Summit in April, we'll be interviewing the founders of each featured company to find out what it means to be a Future 5. Up next is Pactum - an AI-based system that helps global companies to autonomously offer personalized, commercial negotiations on a massive scale. We had the pleasure of speaking with Martin Rand, Pactum's CEO and co-founder, about what it means to be recognized as a Future 5 company and how Pactum's complex solution is turning their clients into master negotiators. But wait, there's more! Pactum can also be used to support your company's ESG goals by making it easy to track and ensure that negotiated carbon emissions are offset. Listen in to hear more about this startup destined for big things in the industry!
Future 5 Friday is back again! Spend Matters has partnered with SIG for a 5 part podcast series to showcase this year's Future 5 list – a group of newly emerged procurement technology start-ups that you should know about. Over the next 2 months leading up to our Procurement Technology Summit in April, we'll be interviewing the founders of each featured company to find out what it means to be a Future 5. Up next is ZIP - a fast-growing vendor start-up that describes itself as operating in a new segment adjacent to and overlapping with P2P known as “intake-to-procure.” Its value proposition is to provide both requesters and stakeholders with an “intelligent, intuitive front-end to their ERP or P2P.” On this episode, Dawn sits down with Rujul Zaparde, ZIP's Chief Executive Officer and Co-founder, to talk about the success that has yielded them the recognition of being a Future 5 company. Dawn and Rujul elaborate on what they forecast as some of the biggest challenges that procurement will face over the coming years and how ZIP is planning to tackle them.
Future 5 Friday is back again! Spend Matters has partnered with SIG for a 5 part podcast series to showcase this year's Future 5 list – a group of newly emerged procurement technology start-ups that you should know about. Over the next 2 months leading up to our Procurement Technology Summit in April, we'll be interviewing the founders of each featured company to find out what it means to be a Future 5. Up this week, is Archlet - a solution designed to enable optimization and scenario-based sourcing, with key data-backed analytics and insights to drive quicker sourcing decisions. We had the pleasure of speaking with Lukas Wawrla, one of Archlet's Co-Founders, about how Archlet is combining data science and machine learning with deep hands-on procurement expertise to rethink strategic sourcing and empower buyers to make better sourcing decisions faster.
Spend Matters has partnered with SIG for a 5 part podcast series to showcase this year's Future 5 list – a group of newly emerged procurement technology start-ups that you should know about. Over the next 2 months leading up to our Procurement Technology Summit in April, we'll be interviewing the founders of each featured company to find out what it means to be a Future 5. Up first, is Circulor – a supply chain visibility vendor that tracks minerals starting at the mine and continuing to the OEM using reporting data and statistical process-control methodology. Dawn sat down with Circulor's Founder and CEO, Douglas Johnson‑Poensgen, to discuss how Circulor is empowering businesses to achieve their ESG Goals.
The Lowdown on Spend Matters 50 To Know / 50 To Watch and the ProcureTech100 This week is a solo episode. I rarely do them, and I thought long and hard before publishing this. At the end of the day, I'm just one person who has a keen interest in digital procurement technology. I'm not an academic or a researcher, but I do take a passionate interest in what is out there and I have some strong views on what I feel should be the priorities when it comes to digital procurement transformations. I'm also acutely aware that most of the listeners to the podcast are not CPOs in enterprise level organisations. My aim is to bring content out there to Procurement Leaders outside of Fortune 500 companies and to shine light on solutions that are a fit for regular, mid-market businesses. Challenging or questioning the conventional wisdom of how these lists are made up is something I debated for a while. Ultimately I decided that listeners need to know and understand what goes into selecting these lists, so as they can look at them with a critical mindset and draw their own conclusions. I sincerely hope this episode provides value to everyone who listens to it and I would love to hear your feedback! Spend Matters Spend Matters are a household name to anyone in the Procurement space and are part of a larger parent company, Azul Partners. Spend Matters was founded by Jason Busch in 2004 and was one of the first Procurement and Supply Chain Blogs. The focus on digital procurement technology with their 50 To Watch and 50 To Know began in earnest in 2014, and has since grown to be the go-to resource for research, analysis and content in the digital procurement space. So, what are the 50 To Watch and 50 To Know? Let's have a look: Almanac They're part of a wider directory of digital procurement solutions housed on the Spend Matters called the Spend Matters Almanac. The Almanac has over 530 listings from 59 categories and over 140 analyst insights. Feeding into the Almanac is the Spend Matters Solution Map, an interactive software solution finder, where the user can select a comparison of different types of procurement software based on a bunch of different criteria and buying personas. Spend Matters have a pretty big analyst team to crunch the data, and the listings have been going since 2014, so they have a huge back catalogue of content and analysis to draw from! There are 23 different categories in the Almanac in total, and not all of them are focused on software itself. There are some consulting, training and membership organisations included in here too. But this is what sets the base for the 50 To Know and 50 To Watch So, how do we get from here to the 50 To Know and 50 To Watch lists? "The Spend Matters® annual 50 Providers to Know and 50 Providers to Watch lists are determined by the entire Spend Matters analyst team to represent the best of the commercial providers that serve enterprise-level procurement organizations." "We do not include brand new startups with only a few employees and customers who are piloting some “minimum viable products”. We track over a dozen of them right now and are working on highlighting them in the near future." Spend Matters makes it very clear that participation is NOT "pay-to-play", rather "participate-to-play". So, the 50 To Watch and 50 To Know is NOT sponsored content. BUT It can, however, mean that if a provider does not agree to participate according to the (pretty lengthy) RFI criteria laid down by Spend Matters that their solution will not be included. This is also acknowledged by Spend Matters themselves - they openly recognise that there are some solutions out there who may be worthy of making the list but choose not to put themselves through the participation process for whatever reason. "From a methodology perspective, first, the analysts review last year's lists and determine which providers no longer meet the...
SIG CEO & President Dawn Tiura and Nick Heinzmann, Research Analyst from Spend Matters announcing the Future 5 Procurement Tech Start-Ups!
Nesta segunda parte do café com Renato Brisola, ele comenta sobre o quadrante mágico da Gartner. “Pelo quinto ano seguido, A Coupa vem se destacando ainda mais na liderança”.Renato cita também o Spend Matters, e afirma que cada vez mais a entrega de inovações contribui com essas avaliações e por consequência a Coupa continua liderando. “Estamos muito felizes porque somos reconhecidos pelos analistas e clientes” conclui Renato. Renato divide com o nosso público, que a América latina é a bola da vez, empresas como Braskem, Ipiranga, DASA, Hypera Pharma, entre outras, já está com a Coupa e tendo acesso as melhores tecnologias mundiais para suas áreas de compras. Venha assistir essa entrevista e entenda como a Coupa vem focando ainda mais nesse mercado latino, garanta que sua empresa sai na frente da concorrência e principalmente que sua área de compras seja estratégia. Venha tomar um café com a gente!
We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines.Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That's right, in 5-minutes I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.In today's 5-minutes I welcome an industry icon who really doesn't need introduction – but I will anyway, Jason Busch, Founder of Azul Partners and Advisor for the Spend Matters blog to answer the question: Why is Diversity and Inclusion important to you? Visit Jason's LinkedIn profile @ https://www.linkedin.com/in/jason-busch-96075/
For many years, Peter Smith wanted to write a book that was fundamentally about procurement but would appeal to a wider business audience, One that would peel back the onion on the role of procurement, with tales of what happens when good buying practices are not followed. Following a career as a practitioner, and most latterly leading Spend Matters in the UK, Peter got to work. The result: Bad Buying – how organizations waste billions through failures, frauds, and fk-ups. In this interview, Peter discusses: Examples of bad buying from across both the public and private sectors Whether the growth of the procurement function has become a double-edged sword Learnings that procurement professionals can apply to turn “bad” buying into “good buying”
Daryl Hammett is theGlobal Head of LM and Operations Amazon Web Services (AWS). In a whitepaper he recently co-authored with Spend Matters' Founder Jason Busch, they outline how procurement professionals can impact the world through minority and small business supplier relations. Daryl shares the ways in which procurement can impact supplier diversity and inclusion. Download the whitepaper from Spend Matters.
Stephany Lapierre is the founder/CEO of Tealbook, a highly coveted supply chain thought leader, and one of the most influential minds in emerging data technologies. She has been recognized as one of the Top 100 Most Influential Women in Supply Chain, and her company, Tealbook, has both been named a Top 50 company to watch by Spend Matters and won the Cool Vendor Award by Gartner. Prior to Tealbook, Stephany spent 10 years building a successful strategic sourcing and procurement consulting firm focusing on large scale sourcing optimization projects. Given her experience and visibility into the data issues crippling procurement she has made it her mission is to deliver a ‘Trusted Source of Supplier Data’ to an ever-growing eProcurement space. Currently, Tealbook is the only Big Data company that provides a self-enriching and self-maintaining mechanism to fix enterprise supplier data, forever. --- Support this podcast: https://anchor.fm/georges-khalife/support
Guest Name : Stephany Lapierre - CEO at Tealbook. Language : English, Publication date: Feb, 12. 2020 Stephany is the founder/CEO of Tealbook, a highly coveted supply chain thought leader, and one of the most influential minds in emerging data technologies. She has been recognized as one of the Top 100 Most Influential Women in Supply Chain, and her company, Tealbook, has both been named a Top 50 company to watch by Spend Matters and won the Cool Vendor Award by Gartner. Prior to Tealbook, Stephany spent 10 years building a successful strategic sourcing and procurement consulting firm focusing on large scale sourcing optimization projects. Given her experience and visibility into the data issues crippling procurement she has made it her mission is to deliver a ‘Trusted Source of Supplier Data’ to an ever-growing eProcurement space. Currently, Tealbook is the only Big Data company that provides a self-enriching and self-maintaining mechanism to fix enterprise supplier data, forever. Connect Stephany on her Linkedin: https://www.linkedin.com/in/tealbook/ and Tealbook website: https://tealbook.com/ Highlighted: What are the essential attributes of strategic supplier partnerships ? Why do we need to manage a good relationship with a supplier ? What is the best way to keep supplier be engaged and build a supply chain effectively ? --- Send in a voice message: https://anchor.fm/bicarasupplychain/message
Having the opportunity to reflect back on a successful career in its entirety is a gift, and in “A Procurement Compendium”, Peter Smith shares that gift with the whole procurement community. From being found by procurement (either because he could play tennis or because he was lousy at sales), to his time as a consultant and then 8+ years with Spend Matters, he’s experienced nearly everything. Peter shares stories from his career that capture the things he’d done differently. He wishes he’d insisted upon having better talent. He would fight for the budgetary resources to get his team the resources they needed. He would be less cautious and spend more time connecting on a personal level with fellow executives. In this conversation, Peter talks about: · The importance of competition and the dangers of supplier dependence · Why procurement is not in decline (yet) · What new CPOs should do to succeed early on
Agiloft’s powerful contract management solution helps corporate legal professionals to mitigate their contract compliance risk, drive consistency and best practices in document assembly, and automate even the most complex review and approval processes. Over 3 million users at organizations ranging from small enterprises to U.S. government agencies and Fortune 100 companies depend on Agiloft’s innovative applications for Help Desk, Contract Management, Custom Workflow, and more. Agiloft specializes in automating processes that are too complex for competing vendors. Our best practice templates and agile technology ensure rapid deployment and a fully extensible system Its deep configurability provides unparalleled control over legal processes and workflows, allowing decision makers to better realize their organizational objectives. The company was also recently named PC Magazine “Editor’s Choice” for contract management software for the fourth year in a row. Leading industry analyst firm Spend Matters also recognized Agiloft as the Value Leader in its 2018 Contract Management SolutionMap. Agiloft CEO and founder, Colin Earl, joins me on my daily tech podcast to share his story. The software industry veteran has over 25 years of experience as a developer, product manager, and CIO. Colin worked at IBM, General Electric, and three start-ups before founding Agiloft in 1991. His vision was to accelerate the building and deployment of enterprise business applications by removing the need for manual coding. Under his leadership, Agiloft has achieved this goal, creating a market segment for agile business software. Colin's focus is on growing a world-class team and aligning the interests of staff, partners, and customers. He has an engineering degree from Imperial College, and moved to Silicon Valley in 1986.
On April 10th, 2017, I received a press release announcing that Spend Matters released its first SolutionMap, an essential tool for procurement executives and their teams to assess and understand vendor capability on an ongoing basis. In today's segment, I am joined by Spend Matters' Chief Research Officer Pierre Mitchell to talk about SolutionMap, including the just-released rankings focusing on the following four questions; To start, what was the inspiration behind SolutionMap, and how is it different from a Magic Quadrant?There is reference to “rankings (that) are based equally on demonstrated technology/solution capability as well as on customer input.” How large is the customer pool, and how do you correlate the two?Let's talk about the most current rankings. What stands out the most in terms the company's referenced? What is the best way for those accessing the reports to use the information?Looking ahead to the future, what is the long-term vision for the SolutionMap tool?
Today Buyers Meeting Point welcomes Simona Pop as our guest. Simona is the Head of Partnership and Global Communication at InstaSupply. She has held roles in sales, marketing, and event planning and she is an author and speaker for WeRSM, one of the largest independent websites dedicated to social media. In 2016 she was selected as the winner of the Virgin Disruptor challenge for her desire to disrupt P2P. Simona recently had a guest post placement on Spend Matters titled, “In Business Relationships, It’s All about H2H (Human to Human)”. In this podcast, we discuss her article along the following lines: There is no real B2B/B2C divide, but rather a consistent need for strong, healthy human relationships able to fuel success in complex businesses.One of the relationships that deserves attention is procurement's relationship with tech, described by Simona in the post as evoking “distinct feelings of inertia and unease".Given the fact that human bonds are just as critical in commerce as they are in community, shared values become foundational, and should play a much larger role than they often do today.
Pierre Mitchell was the first supply chain practitioner to become a procurement "industry analyst" with roles at AMR Research (now Gartner) followed by The Hackett Group, and now Spend Matters. There are few people, if any, that cover procurement than understand, and have such passion for, the growth of our profession. Both Pierre and I were together last week at the ISM Inside Indirect Conference 2016 in Las Vegas, and so we picked up the mic’s and hit record! So, today’s show is an informal chat covering a range of topics. Areas we cover include: What challenges in procurement is Pierre motivated to try and help solve? Has procurement evolved over 2016 or as we still in the same position, with the same challenges and questions, as we were 12 months ago? How can we differentiate marketing hype with reality when it comes to potentially game changing technologies? What is the most overused and most underused procurement KPI? For more information, visit: http://artofprocurement.com/ismindirect
Last week I joined almost 300 procurement peers from around the world at the first Spend Matters ISM Global Procurement Tech Summit in Baltimore, Maryland. As the event came to a close, I spent 15 minutes catching up with Jason Busch – Founder and Head of Strategy at Azul Partners and Spend Matters – discussing what it took to put together an event of this size, and the key takeaways that Jason took from from the conference.
Andrew Karpie, the preeminent analyst covering the future of work for procurement industry blog Spend Matters, explains the transformative power of worker intermediation platforms and how labor in the future will be accessed on a activity basis rather than FTE basis.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.AudioPlayer.embed("audioplayer_184", {soundFile:"http%3A%2F%2Fsupplychaininsights.com%2Fwp-content%2Fuploads%2Fpodcasts%2FIt_Is_Not_Supply_Chain_Strategy-It_Is_a_Strategic_Supply_Chain_with_Pierre_Mitchell_of_Spend_Matters-Podcast_147.mp3"}); Pierre Mitchell from Spend Matters talks with Lora about the future of supply chain as part of our Straight Talk series leading up to our Global Summit. Just as there is a difference between IT strategy and strategic IT, there is also a difference in a strategic supply chain. Pierre discusses how to use supply chain like a tool to improve a business strategy. This strategy will rely heavily on the adoption digital technologies and that is where the interesting innovations begin. Listen in to a discussion that will begin your digital transformation to a strategic supply chain. Straight Talk...
I would once again like to welcome from Buyers Meeting Point to share information of this week's events and news from the world of purchasing, Kelly Barner. NOTE: This week in procurement events is incredibly busy with 10 events in a four day period. In my opinion, the best webinars address procurement as a service (Spend Matters, gep), relational contracting (IACCM, Revitas), and the next installment of CPO Rising 2015 (Ardent Partners, SAP/Ariba). In this week's guest audio, I have selected an excerpt from the Procurement Unplugged conversation on PI Window last week with ISM CEO Thomas Derry. I believe it was a very good conversation in that it demonstrates just how accurately Derry sees the challenges facing procurement and the changes ISM must make to stay relevant. Share your thought's on what you believe is The Future of Procurement on Twitter using the hashtag #FutureBuy Be sure to visit the Buyers Meeting Point website @ http://buyersmeetingpoint.com