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Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

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Bait and Switch

Supply Chain Shaman

The market shift is towards analytics, but this new market is confusing. Each time that they are published, the Shaman sighs and chuckles in her little apartment in Baltimore. Build What-if Analytics. Technologies like Kinaxis and Steelwedge are frequently undervalued for supply chain visualization and what-if analytics.

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If You Are Not a Step Ahead, You Are Behind.

ivalua

A couple of weeks ago, ISM and Spend Matters had their first Eprocurement Technology Summit in Baltimore, Maryland on the Inner Harbor. Big data analytics- Being able to run more inquiries faster, gain better decision guidance, and having the ability to look at total cost vs. total value in real time.

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What are Block Chains? – Jason Busch on the Future of Money, Trust and Transparency

NC State SCRC

Jason Busch provided a great view on Block Chains, and their impact on the future of funds in the supply chain, at the Global Procurement Tech Summit in Baltimore. And procurement systems are complex – 70% of payments require manual intervention. Funds take days to settle, and 50% of businesses still pay by checks.