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State of Flux seeks participants for its annual supplier management survey
State of Flux is in the process of conducting its annual supplier management survey to help the market find new value in the supplier relationship management category (SRM).
State of Flux developed the study with the idea that supplier management programs incorporate many forms of value that connect to broader business objectives. The supplier relationship management and strategic sourcing solution seeks to understand how professionals on the buy side of supplier management run their programs.
It will develop a report and benchmark analysis so that all participants can gain market insight into supplier management. The deadline for completing the survey is Friday, June 4. To learn more and participate, visit State of Flux’s “Growing Value of Supplier Management” survey page.
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The automotive supply chain phenomenon symbolized as “just in time” is undergoing the biggest transformation in more than half a century, according to the Wall Street Journal. Auto makers are shying away from this model.
Various troubles have accelerated this trend during the Covid pandemic. Sudden swings in demand, freak weather and a series of accidents have led to automakers reassessing their assumptions that they can get the parts needed when necessary.
Just in time supply chain models champion avoiding waste, the article said. Suppliers deliver parts to the assembly line a few hours or days before they go into a vehicle so that manufacturers don’t pay for what they don’t use. But while supply chains become more global and car makers rely on single suppliers, the system isn’t as foolproof as it once was.
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Routable, a B2B payments solution provider, secured a $30 million round of funding from a slew of high-profile investors, according to the website TechCrunch.
This latest round of funding comes eight months after its last $12 million round. Routable aims to automate bill payment and invoicing processes so businesses can scale core product offerings without worrying about payments. Since its August 2020 investment, the company has seen its revenue grow by 380% and tripled its new monthly customers, TechCrunch reported.
Unlike most investments, Routable’s round of funding didn’t come from a bunch of venture capital firms. Rather, two brothers led the round Sam Altman, CEO of OpenAI, and Jack Altman, CEO of Lattice. Flexport also participated, in addition to some angel investors like the founders of Instacart, Airbnb, Salesforce and more.