Agiloft Inc., a provider of contract lifecycle applications, has entered into an original equipment manufacturing (OEM) partnership with ESM Solutions, a vendor of spend-management software.

SciQuest has released a new version of its spend-management suite.

Many manufacturers that have applied lean concepts to their operations find that although they do achieve significant savings, their production costs remain high. This is, in most cases, attributable to material costs, which, depending on industry can range from 60 to 80 percent of total production costs.

If the future of supply chain lies in a globalized, networked world, then most likely, the future belongs to sourcing vendors.

Basware, a provider of electronic invoicing and purchase-to-pay technology, has released several new products.