BERLIN & WASHINGTON — August 24, 2022 — Scoutbee, the leading AI-powered supplier intelligence and discovery platform, announced today that Duncan Jones has joined the company’s Strategic Advisory Board.
Duncan has over 30 years’ experience in the business applications industry, as an implementer, product manager, and industry analyst. During his 16 years at Forrester Research, Duncan studied procurement’s changing role and the evolution of software products to support its new priorities, such as sustainability and co-innovation.
Duncan’s research consistently identified emerging trends before others did, and challenged received wisdom, including several controversial Forrester Waves™ on categories such as E-procurement, supplier risk and performance management (SRPM), as well as supplier value management (SVM).
Duncan is also a leading expert on software pricing and licensing. While at Forrester, he helped hundreds of software providers refine their licensing models, as well as thousands of firms negotiate better deals with their major software vendors.
With an eye to the future
Duncan Jones is part of a select group of individuals that make up Scoutbee’s recently launched Strategic Advisory Board Program. With this program, Scoutbee aims to combine renowned research expertise with practical experience, in an attempt to further equip its teams to empower companies to use strategic procurement as a competitive advantage, while at the same time accelerating the execution of its product, sales, and people strategies.
Duncan’s experience in dealing with key software providers, such as IBM, Microsoft, Oracle, and SAP, will support Scoutbee’s mission to reinforce and drive procurement into the future.
“I think technology adoption is still lower in procurement than in other areas such as marketing or sell-side commerce. I’ve spoken with many clients and heard procurement pros speak at events, and most of them had limited ambitions – merely getting slightly better adoption and hence visibility. An insightful minority saw the opportunity to gain real competitive advantage by adopting innovative new approaches,” said Duncan Jones.
“I believe Duncan is the perfect fit for Scoutbee. Drawing on his deep research knowledge, he knows the ins and outs of the industry and where it should be going. Moreover, his practical experience advising companies on sourcing strategies, how to nurture better supplier relationships, application strategy, and how to get the best results from implementation means he knows exactly what procurement leaders are looking for. His significant expertise will help us further customize our products to cater to today’s commercial needs,” added Roger D. Blumberg, SVP of Global Marketing at Scoutbee.
Challenges and opportunities on the horizon
More than ever before, procurement leaders’ work is continually being challenged; simply finding a product or component at the right price and with the required quality is no longer the case, and digital solutions present themselves as the way forward in easing the workload and driving collaboration between buyers and suppliers.
“There are so many pressures on procurement right now, so the more they can streamline or even completely automate important tasks, the more time they’ll have to focus on the really difficult problems. The challenge is that they need to carve out some time in order to implement the new technology. But they must do that – investing now will save them more time later this year and next,” Duncan Jones further stressed.
ESG takes center stage
To add further pressure, increasingly, companies must actively demonstrate that they are guided by ESG principles – and that includes every link in their supply chains. Do my suppliers apply circular economy principles so that their products are designed for reuse and circulation? Do they employ sustainable and fair production methods, whilst staying within budget? Are the businesses owned or operated by an individual or group that’s traditionally underrepresented or underserved?
“At Scoutbee, we’re redefining the future by empowering procurement leaders to drive market competitiveness by placing big (and smarter) data at the forefront of their sourcing strategies. Through data, we can tackle supplier diversity and sustainability and empower procurement teams to become more proactive, more resilient, and better able to have more supplier options at hand when they need them the most. Duncan’s long-standing, combined experience will help drive Scoutbee’s transformational supplier scouting and intelligence solutions that can withstand the test of time. I cannot wait to start working with him,” Roger D. Blumberg continued.
Duncan added, “It’s the most exciting time for the software category that I call Supplier Value Management (SVM), with so much innovation happening, procurement becoming so critical to business success, and a wider realization among enterprises that many of the most exciting innovations are coming from emerging firms like Scoutbee. I’m looking forward to using my knowledge and experience to help Scoutbee grow even faster, and to help more customers address the huge supply challenges they face right now.”
Prior to joining Forrester, Duncan worked for seven years for QAD, an international provider of enterprise solutions for manufacturing companies, in various product management and product marketing roles.
Prior to QAD, Duncan worked for KPMG and then for Courtaulds PLC in various finance and IT roles. Duncan earned a first-class degree in mathematics from Hertford College at the University of Oxford and is a member of the Institute of Chartered Accountants in England and Wales.
Powered by AI and Big Data, Scoutbee enables faster end-to-end strategic sourcing processes with up to 90% less effort versus traditional methods. By providing comprehensive and dynamic supplier data, Scoutbee facilitates proactive sourcing decisions that strengthen supply chain resilience, improve sustainability, drive innovation, reduce time to market, and increase diversity. Scoutbee is trusted by industry leaders in automotive, fast-moving consumer goods, energy and utilities, and off-road vehicles. Having won many prestigious awards, including Gartner’s “Cool Vendor”, Spend Matters’ “50 Vendors to Watch”, and Unilever’s 2022 “Partner with Purpose”, Scoutbee is a recognized leader in AI-driven procurement technology. Backed by HV Capital (formerly HV Holtzbrinck Ventures), 42cap, Toba Capital, Atomico, Lakestar, and Next47, Scoutbee has raised $76m in funding to date. For more details, visit the website and follow Scoutbee on LinkedIn, Twitter, Facebook, and YouTube.
Val De Oliveira