Tools & Tips

Blockchain: what are the opportunities for Procurement?

Bertrand_Malteverne.jpgBy Bertrand Maltaverne, a Solutions Consultant who helps organisations digitally transform their procurement practices.

To be honest, I haven't totally figured out all of the details of the inner workings of the blockchain technology. And I do not think I will ever try to as some of it is very technical. I also do not believe that Procurement professionals should do it either. However, it is important to understand the implications of the blockchain technology. Because of the way the blockchain works, it has unique characteristics that represent a breakthrough with tremendous value for Procurement.

Introducing the Lavergne Procurement Matrix

Remy_de_Lavergne.jpgAre you a procurement value creator, or a cost-reducer? Perhaps you're neither of these - or both? Procurious member Remy de Lavergne, a transport and indirect purchasing manager, has created a new matrix that shows, among other things, just how far the profession has come.

9 success factors for implementing a procurement transformation project

 

Implement_procurement_transformation.jpgMore South African organisations are starting to recognise the value that procurement transformation initiatives bring to the bottom line. Successful procurement transformation projects reposition the source-to-pay process for success, across the entire organisation. The entire source-to-pay process is made efficient and highly collaborative, providing organisations with a competitive advantage.

Procurement transformation can be defined as a process - with an element of flexibility - in which an organisation’s capability and procurement behaviour is altered to attain desired results (such as the achievement of maximum value through the procurement function) and attain long-term sustainability.

Supply Chain Partner, a specialist supply chain service provider, discusses 9 critical success factors (or pitfalls if not considered…) that can make or break your procurement transformation success, in this month’s SmartProcurement.

What to do in your first 90 days leading a procurement division

 

Sanet.jpgChanging jobs or even organisations can be daunting. Managing the change is a strategic process requiring a strong sense of visionary leadership, a clear picture of the objective and reasons and a strong process of communication and involvement.

Sanet Shepperson, a Procurement Executive at Cell C, provides a ‘play book’ on how to walk in, take the reins and lead a procurement department.

Updated 'Supply Chain Management Compendium' endorsed by SOEPF and CIPS

 

DouglasBoateng_515x800.JPGThe State Owned Enterprise Procurement Forum (SOEPF) and the Chartered Institute of Procurement and Supply (CIPS) have endorsed the second edition of the much-anticipated Compendium of Supply Chain Management Terms. Containing thousands of supply chain management terminologies, Professor Douglas Boateng’s Compendium provides an all-inclusive compilation of procurement and other aspects of supply chain management related information.

“SOEPF seeks to share best practices related to procurement and supply chain management – Prof. Boateng’s Compendium offers our members a useful tool through which such practices can be shared,” commented SOEPF Chairman Dennis Mlambo.

2014 SCM salary trends: Men earn 29% more than women!

 

BullishSupplyChainSalaries.jpgTech-Pro’s Salary Survey 2014 highlights how growing demand for skilled Supply Chain practitioners is improving career and earnings prospects for procurement, logistics, planning, supply chain and consulting staff, in this month's SmartProcurement.

Why do some cross-functional teams fail? 5 critical success factors

 

TooManyCooks.jpgUsing a cross-functional team in a strategic sourcing exercise for a key commodity is the accepted and preferred way to go, many teams having delivered successful outcomes. However, it is no assurance of improved performance. But what causes a less than successful outcome? Elaine Porteous asks in this month’s SmartProcurement.

5 ways to maximise procurement value through networking

 

ProcurementConferencing.jpgAdvocacy of the procurement and supply chain function should be actively pursued by all in the profession. Conference like Smart Procurement World 2014 are where you and your peers come together to hear how and why this is vital for the growth of acknowledgement, skills and capacity for all in these roles as well as maximise your company’s procurement value.

5 'hows' to improve the perception of procurement

 

ElainePorteous.jpgWhy does procurement struggle with its visibility or status in the organisation? Elaine Porteous asks in this month's SmartProcurement.


"There may be many reasons," she says.
 

The procurement function may have:

• not aligned itself with the organisation’s strategy and goals;
• not identified its most important stakeholders;
• not taken relationship building seriously; or
• failed to establish its identity and credibility through results.


We must be able to do better with developing our internal relationships for the benefit of the sustainability of the organisation.

Buying Telecommunications? Avoid long-term agreements

 

Developments_telephony.jpgDramatic changes expected in the South African telephony market over the next few years mean buyers of telephony and IT services (fixed line and mobile) should avoid long-term agreements with their current service provider(s), keep on top of market offerings and understand the changing need of the businesses they serve, says Purchasing Index’s (PI) Alan Low in this month’s SmartProcurement.

E-tolling: logistics industry needs less emotion, more transformation

CobusRossouw.jpgAlthough e-tolling will affect the logistics industry in a number of ways, the spotlight is almost inevitably on the increased operational costs this will produce.   For logistics companies, however, the reality is that e-tolling could prove beneficial, says Cobus Rossouw, President of SAPICS.

5 Procurement risks that need to be made visible

Risk Grid.jpgEconomic uncertainty and slow growth in many sectors of the South African economy has focused senior management’s attention on improving efficiencies in their businesses. Measuring risk is integral to managing how efficiently organisations expend their money: ‘risk’ covers the management of internal processes around expenditure and the behaviour of management and staff, Alan Low of Purchasing Index (PI) tells SmartProcurement.

Demystifying corporate procurement cards

Procurement card.jpgIn today’s business world companies are cognisant of the cost of procurement. Traditional procurement processes tend to exacerbate the cost of purchasing company supplies. One government department realised, after doing an assessment of its procurement costs that it was incurring an expense R730 to obtain a padlock worth R9,80.

Ethics ignorance is not bliss

Ignorance_of_ethics.jpgIn a world of immediacy, it is imperative for the procurement and compliance functions to work closely with suppliers to ensure that conduct throughout the supply chain does not overstep ethical boundaries. Abrie de Swardt, IMPERIAL Logistics Marketing Director tackles this tough topic for SmartProcurement.

Managing escalating fuel costs

fuel gauge.jpgWhile the fuel price may have dropped by 11c last night, a future of higher fuel prices means organisations must proactively control their fleet finances.

Quick wins to boost this year's savings

quick wins.jpgWe’re into September, which leaves you only four months to meet your savings targets for the year.

Where can you deliver savings in the remnants of 2011? There are still cards in your hand, in this month’s SmartProcurement.


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