6 steps to optimise your procurement workforce

DougLeeby_100.jpgTo become more agile, organisations are re-evaluating their workforce strategies. Although strategists often talk about 'total workforce management', what their business functions - procurement included - need most is something much simpler: total workforce optimisation (TWO).

For most business functions, human capital is the most important asset and its largest single operating expense. It is also a constant concern for executives who fear they do not have, and cannot acquire, the right mix of top-tier talent to compete and succeed, says Doug Leeby, CEO of Beeline, which provides software solutions for sourcing and managing the extended workforce.

Join us at Smart Procurement World's Gauteng Indaba on 18 & 19 September where our panel will discuss how you attract and retain great people to work in a public sector procurement department.

Show your worth: demonstrating procurement ROI

MichaelMitchell_100.jpgBring sustainable value to the bottom line

Increasingly, procurement is being looked to for the added value it can bring to the organisational table. Furthermore, expectations are on the rise, with big data and advanced analytics driving decision making to new levels by enabling teams to generate new insights and achieve unprecedented proactive capabilities.

Demonstrating procurement's value can include many components depending on the priorities of any particular company. But, with increased reliance on cloud platform P2P solutions, showing procurement's return on investment (ROI) is a great place to start, says Michael Mitchell, Senior Content Manager at Determine, a source-to-pay enterprise contract lifecycle management solutions provider.

6 mistakes that procurement makes when crafting a travel RFP

LloydBarkhuizen_small.jpgThe arduous RFP (Request for Proposal) process is a bit like being forced to eat your greens as a child. You don't want to do it, but you're continually told that it's good for you.

But, that's not necessarily the case. RFPs are only 'good' for you and your business if you execute them properly. In this month's SmartProcurement, Lloyd Barkhuizen, Director: South Africa and Africa, FCM Travel Solutions, outlines six common pitfalls to avoid when inviting suppliers to pitch for your organisation's travel contract.

Join us at Smart Procurement World's Gauteng Indaba on 18 & 19 September where Lloyd Barkhuizen will discuss how to use big data to make more informed decisions around travel spend, traveller friction and travel programme efficiencies.

Leveraging effective contract management in procurement departments

EmanAbouzeid.jpgThe key processes and activities involved in contract management are fundamental to making sure you and your suppliers know your responsibilities under an agreement and that everyone meets those obligations.

Eman Abouzeid (CSCP, CIPS), a procurement and supply chain professional with global experience, explores the benefits of having effective contract management in your procurement department, in this month's SmartProcurement.

Blockchain an important tool for procurement to establish trust

Bertrand_Malteverne.jpgBlockchain is almost everywhere and is getting a lot of hype. It is largely because blockchain is the underlying technology behind Bitcoin, a digital currency (a.k.a. a cryptocurrency) that received a lot of coverage in the media. In the wake of the cryptocurrency craze, blockchain has continued to attract more and more attention.

Blockchain can have a significant impact on business because it can be a powerful tool when establishing trust, which is at the heart of business and procurement.

In this month's SmartProcurement, Bertrand Malterverne, a Solutions Consultant who helps organisations digitally transform their procurement practices, highlights how to use Blockchain to make a real difference.

Join us at Smart Procurement World's Gauteng Indaba on 18 & 19 September where Bertrand Malteverne will unpack blockchain technology and how it will change procurement's world.

Helping procurement professionals embrace AI

SamiPeltonen_100.jpgGiven the inevitability of emerging technologies transforming businesses, how can you prepare your company for AI's impact on procurement? Sami Peltonen, Vice President of Purchase-to-Pay Product Management for Basware North America, takes a look at how procurement departments can mitigate employees' fears.

Join us at Smart Procurement World's Gauteng Indaba on 18 & 19 September to discuss Artificial Intelligence (AI) and Blockchain are rapidly redefining the traditional role of procurement professionals.

Supply chain complexity drivers are also profitability drivers

TafaraSvosve.jpgNo one introduces complexity into their supply chains just for the sake of it. Complexity emerges as organisations pursue their profit goals. Within every strategy or action that an organisation pursues to improve profitability, lies a hidden cost of complexity, which supply chain practitioners must be aware of, capture and deal with. This is necessary because complexity drivers are also profitability drivers, explains Tafara Svosve (MSc Supply Chain Management, CMILT), in this month's SmartProcurement.

Fix the weak links in the supply chain with vetting

RudiKruger.jpgSuppliers play a huge role in the operational capacity of a business. With a mutually healthy relationship, trusted suppliers can help a business satisfy customer needs, even in a pinch. However, businesses that source goods or services from questionable suppliers run a great risk of failing to meet their own obligations to customers. Such weak links in the supply chain either present prominent or underlying risk and, while the one is evident, it is underlying risk that can only be identified through investigation.

In this month's SmartProcurement, Rudi Kruger, General Manager: Data Services, LexisNexis South Africa, contends that supplier vetting is the surest way to see the whole picture. "Working with the wrong supplier could cost you money and your customers' trust but, by vetting suppliers, many underlying risks can be identified."

Sharp fall in PMI possibly reflects bleak sentiments around land debate

PMIdown_100.jpgThe seasonally-adjusted Absa Purchasing Managers' Index (PMI) declined to 43.4 points in August from 51.5 points recorded in July. August's level is the lowest recorded in more than a year.

Overall, the average level of the PMI recorded during the first two months of Q3 of 2018 was 47.5, which is below the neutral 50-point mark and two points below the average recorded in Q2 of 2018.

The deterioration was driven by sharp declines in the New Sales Orders Index as well as the Business Activity Index. However, inventories and supplier deliveries came in above the neutral 50-point mark in August, which provided some support to the headline PMI, noted the Bureau for Economic Research (BER).

Using big-data analytics to drive forward business value in procurement - Part 1

WalterCharles_.jpgA conversation with Walter Charles, Chief Procurement Officer, Biogen.

Walter Charles' global procurement teams support billions of dollars in annual purchases. Having spent decades at Kraft Foods, Kellogg's, Johnson & Johnson, and now Biogen, Charles provides keen insight into the state of procurement today as well as how big data analytics is disrupting the landscape to provide CPOs with meaningful answers to more strategic procurement execution.

Bad news is good news for vendor vetting

RudiKruger.jpgNews travels fast in this digital age and while it may be better for stress management to avoid being bombarded with an influx of negative news, in the case of supply chain, forewarned is forearmed. Keeping abreast of news about your suppliers enables you to mitigate risk.

Staying up-to-date with what is being reported about past, current and potential vendors can help you to understand potential risks earlier and gives you enough time to strategise before it turns into a crisis, Rudi Kruger, General Manager: Data Services, LexisNexis South Africa, told SmartProcurement.


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