The self-disruptive CPO: why we need a new kind of procurement leader

BernhardRaschke_100.jpegWhat kind of future-ready procurement leader is needed to survive a rapidly-changing business world? Only a few months ago, the stock market was looking strong and the ongoing trade war between China and the United States indicated future pressure on global supply chains. No one could have predicted that schools and universities would close, companies would tell their employees to work from home and people would be stockpiling toilet paper, of all things.

12 benefits of advanced spend analysis

LariNumminen.jpegBy Lari Numminen, Chief Marketing Officer, Sievo

Having a robust spend analysis solution in place has become a prerequisite for running a professional sourcing organisation. But do you get all the possible benefits from your current spend cube?

At Sievo, we have worked with hundreds of clients across most industries. Here are 12 of the most important benefits that sourcing organisations can get from advanced spend analysis. The question is: are you already leveraging all of these?

16 tried-and-tested tips on running productive meetings remotely

ProductiveRemoteMeetings_200.jpgBy Michael Healy, Supply Chain Partner

The outbreak of COVID-19 has forced companies to get creative about how they connect and meet with customers and teams.

Working with cloud applications allows us to workshop, design and configure systems remotely. With apps like Zoom and Microsoft Teams, working remotely can be easy and cost effective. But making it a positive and productive experience for everyone joining in does take some planning.

Here is a checklist from Supply Chain Partner to help you get the most out of your remote sessions:

Ethics in procurement

HemantHarrielall.jpgBy Hemant Harrielall

Factory collapse, fraud in food supply chains, modern day slavery. It is shocking to hear how poorly some supply chains are managed, with such dangerous consequences for life and limb, in almost every country and region of the world. No country has escaped a scandal of this kind. Allegations of state capture in South Africa. Fraud charges and horsemeat scandals in the UK. Diseased pig meat in China. And slavery remains rife in all corners of the world.

4 reasons to be excited about the future of supply chain technology

Technology_200.jpgBy Vijay Pandiarajan, Director: Product Management, IBM Sterling

What is next in supply chain systems? There is plenty to be excited about...
First-generation supply chains were good at automating and optimising processes. But they were restricted to functional silos - and that is not enough for what we need in supply chains today.

Advances in supply chain technology are needed if procurement teams are to manage supply chains that are dynamic, responsive and interconnected with ecosystems and external processes. New tech needs the capacity to manage much, much more data (by several orders of magnitude). This, in turn, will make it possible for an individual procurement manager to make sense of entire supply chain ecosystems in real-time.

These demands are driving progress - which is why I am excited about the future of supply chain technology.

SMME Clinic | Labour considerations in Covid-19 Session 7

FluxMans Attorneys Director Bronwyn Marques answers questions for employers and employees around temporary employee/employer relief (TERS) and other benefits at this time.

SMME Clinic | BP's response to Covid-19 Session 8

SMME Clinic interviews BP's Regional Procurement Manager (Sub Saharan African) Vusani Gurrine.

Gurrine provides insight into BP's procurement response to COVID-19, as well as some lessons for small business and the new role of procurement in a pandemic.

Supply chain management toolkit among the support measures launched by SAPICS

COVID-19_125.jpegTo support supply chain professionals and to ensure that they have the resources they need to maintain supply chains during the coronavirus crisis, supply chain management professional body SAPICS has launched a number of special support initiatives to aid the profession. This includes a supply chain management toolkit, helpline and collaboration platform.

Coronavirus is a massive challenge for world leaders: what China, Italy and the US teach us about leadership

RobertGlazer_100.jpegBy Robert Glazer, Founder and CEO of Acceleration Partners

We often learn the most about leadership by observing our leaders in times of crisis.

As world leaders attempt to contain the rapid spread of COVID-19, they must simultaneously perform two opposing and difficult tasks: prepare their countries for significant risk and avoid inciting panic.

What we are seeing at the moment is multiple test cases in crisis leadership, as several different countries face similar versions of the same problem and react with noticeably different approaches and results.

Focussing on the COVID-19 response on three continents - specifically examining China, Italy and the United States (US) - there are clear take-aways and learnings on different aspects of the response to and management of the outbreak. These lessons are not only helpful to other countries as they manage their own COVID-19 responses, but they also provide valuable examples for leaders in any field, including procurement.

March PMI improves, but quarterly performance weakest since 2009

PMI_down_100.jpgDuring Quarter 1 of 2020, the seasonally-adjusted Absa Purchasing Managers' Index (PMI) experienced its weakest quarterly performance since 2009. The PMI averaged at 45.9 index points, compared with 47.6 in Quarter 4 of 2019.

The weak quarterly outcome was despite the PMI improving to 48.1 index points in March 2020, from 44.3 index points in February. Nonetheless, the PMI still remained in contractionary terrain for the 14th consecutive month.

Prepare and adjust your supply chain for coronavirus

JamesRice.jpgBy James B. Rice, Deputy Director, MIT Centre for Transportation and Logistics

Developing a clear supply chain response to the coronavirus outbreak is extremely challenging, given the scale of the crisis and the rate at which it is evolving.

The best response, of course, is to be ready before such a crisis hits, since options become more limited when a disruption is in full swing. However, there are measures that can be taken now even if you are not fully prepared. And although its long-term consequences have yet to fully play out, the coronavirus outbreak already provides some lessons about how you can better prepare your company to deal with future large-scale crises.


 

 

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