Sourcing from China is expected to occur in three waves. 1. China for low cost, 2.China participating in innovation, 3. China as global center for procurement.In Businessweek.com, Boston Consulting’s Jim Hemerling says China is emerging as a global Research and Development and innovation hub in its own right. Sourcing execs take note For some companies, […]
China: Ready For the Next Sourcing Wave? Read More »
“The sheer amount of transactions, the lack of data integrity, multiple ERP systems and additional manual processes result in up to half of the procurement activity happening in organisations being misunderstood or misrepresented, ” Proppie Fraser GM Supply Chain Management at CEC, a provider of analytical procurement tools, told Smart Procurement. He said that in
Up to 50% of procurement spend “Under the Radar” Read More »
“How an organisation measures procurement savings is usually a topic of considerable debate. Of equal interest is “How does Procurement influence / make the savings happen?” says Alan Low of Purchasing Index. “Savings that are promised but not actually realised are becoming increasingly “hot” topics for senior management (and for Procurement).” He mentions a recent
Only 30% of promised Procurement savings actually achieved – Time to cut the budget? Read More »
Inadequate or ineffective financial controls have been a serious problem in many national and provincial government departments, with the Auditor General repeatedly highlighting problems of overspending, inappropriate or fruitless spending and underspending. The solution, according to Fraxion MD Stanton Jandrell, is to automate the financial management process as far as possible to enforce compliance without
Home-grown technology offers fix for government spending woes Read More »
