Coronavirus has exposed just how delicate our procurement eco-system really is

IanThompson_100.jpgDo we need to fundamentally re-imagine what our procurement eco-system looks like? Ian Thompson, Regional Head at Ivalua, thinks so and here is why...

COVID-19 drives sole-source purchases

StephenBauld_100.jpgBy Stephen Bauld

During these difficult times of the COVID-19 pandemic, it is critical to order specific items that are in high demand. This type of situation will often cause a sole-source purchase that needs to be negotiated directly with the different suppliers that have the required products.

To ensure that you are not led down a garden path by suppliers that will mostly likely have 'the power', we must rely on the basic principles of procurement, such as engaging in price negotiation and contract monitoring.

Is COVID-19 a force majeure event?

Tanya_Waksman_100.pngBy Tanya Waksman

Does coronavirus (COVID-19) have any effect on the rights and/or obligations of parties in contractual relationships under South African law? Tanya Waksman, of legal advisory firm, Eversheds Sutherland, considers this question in this month's SmartProcurement.

Post-COVID-19 cost savings in the mining and manufacturing industries

Cost_savings_mining_100.jpgWith cost pressures likely to mount up as we recover from COVID-19, mining and manufacturing companies must find alternative methods to reduce total cost of ownership relating to product procurement and product consumption.

"A product information management (PIM) system can help", says Isak Marais, CEO, DigiTeams, which specialises in bespoke digital transformation within the mining, manufacturing, wholesale and retail sectors.

COVID-19 | How can procurement drive organisational strategy in the face of turbulence and vulnerability?

Mediacy_Mudekwa_100.jpgBy Mediacy Mudekwa

Just a few months ago, none of us would have imagined that our world would come to a standstill. The very things we have always taken for granted are now nearly impossible to do. Travel, gatherings or even a visit to your favourite restaurant may be many days away.

As some governments begin a phased and cautious approach to re-open the economy, we have to consider just how vulnerable and unpredictable these times are. The life cost of this pandemic is staggering, with confirmed cases currently at more than 6.4 million globally. Recent studies have made it clear that these figures are an under-estimate.

But what has been the true cost of this pandemic to the economy? How has this pandemic affected procurement, especially from a risk perspective? How can procurement come to the party and drive organisational strategy in the face of turbulence and vulnerability?

4 cloud procurement myths

Weimer_Vieira_200.JPGCloud procurement means different things to different people. In this article, Leigh Weimer and Anthony Vieira dispel some of the dominant myths around implementing cloud‑based products to equip you with information for the decision‑making process.

PMI sub-components tank: manufacturing during April lockdown at near standstill

Virus_image_100.jpgThe Business Activity Index of the Absa Purchasing Managers' Index (PMI) survey crashed to an all-time low of a mere 5.1 index points in April 2020. The decline means that manufacturing output came to a near standstill during the nationwide lockdown, with almost all respondents reporting a decline in activity compared to the previous month.

SMME Clinic | BEE vs Black Owned - Session 15

SMME Clinic interviews BEE consultant and specialist Monica Molise, CEO of Thriving Dirang.

Molise lets us in on some important differences between black owned and BEE and tells us that being compliant may not be as complicated as we think...

For more information email Monica Molise at monica@dirang.co.za

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:


 

 

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