In this episode of The Procurement Software Podcast, James Meads welcomes Matthew Spencer, procurement veteran and founder of FlockScore, a newly launched startup rethinking how supplier performance is captured and shared across industrial supply chains.

Matthew brings a rare perspective as a procurement practitioner-turned-founder, having led SRM and sustainability at Bekaert Group before identifying a critical market gap: supplier scorecards were siloed, static, and lacked ecosystem-level insight. FlockScore aims to change that, offering a collaborative, AI-powered model for tracking supplier performance.

Can we really crowdsource Supplier Performance Data?

We unpack how FlockScore’s “open contribute-to-access” model lets procurement teams upload anonymised supplier performance data in exchange for aggregated, comparative insights. Matthew explains how AI agents enrich these insights by scanning public sources for issues like recalls, shutdowns, or delivery disruptions, without exposing contributor identity.

Also discussed in this episode:

1. Why supplier performance often takes a backseat to compliance and innovation
2. The limits of traditional scorecards and why category-specific metrics matter
3. How FlockScore enhances, not replaces existing SRM and S2P systems
4. Why soft supplier feedback from stakeholders should be part of every scorecard
5. What makes FlockScore different from review platforms and peer benchmarking
6. A fascinating deep dive into how collective intelligence and AI are reshaping supplier evaluation, built for procurement, by procurement.

Timestamps:

[00:01] Intro to Matthew Spencer, FlockScore

[01:14] Matthew’s background

[02:18] FlockScore analogy

[03:44] The “aha” moment and data gap externally

[06:02] Why supplier performance management is underrated today

[11:27] Engaging stakeholders effectively

[13:04] Open contribute-to-access model and credits

[18:50] FlockScore’s AI and difference to traditional tools offerings

[23:37] Cultural and category differences, flexible taxonomy and future vision for procurement

And that wraps up another episode of The Procurement Software Podcast!

Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!

We'll be back at the same time next month, so see you there.

If you want to learn more about Procurement Software, check out the useful links below.

Stay in touch!

1. Connect with Matthew Spencer on LinkedIn
2. Check out FlockScore
3. Download our Tech Map for Enterprise
4. Download our Tech Map for Mid-Market
5. Download our Tech Map for SMEs
6. Find your perfect procurement tech solution in our Software Finder app
7. Sign up for the Entproc Newsletter
8. Book an Intro Call and let’s talk all things Digital Procurement!
9. Connect with James on LinkedIn