Procurement professionals in Gauteng earned higher annual incomes compared with professionals in other provinces and Southern African countries in 2011, CIPS and Ernst & Young have noted in their first survey of Southern African supply chain professionals’ salaries. Furthermore, specialist skills such as commodity expertise and business analytics do result in higher remuneration. Utilities, mining […]
Procurement salaries at a glance Read More »
The risk of fraud is present in almost every business regardless of size, shape or complexity. The risk can emerge in an employee, a vendor, a client or in the boardroom and can be simple or sophisticated and complex. Fraud prevention requires effective internal controls, a clear policy on an organisation’s attitude towards dishonesty, effective
Drafting a fraud prevention strategy – back to basics Read More »
Nedbank Corporate Card has launched a value-added expenditure management service. The information and expense management tool is designed to help companies control expenditure; identify savings; and streamline expense approval processes while ensuring corporate compliance. Called Visa-Intellilink Spend Management (‘Visa-IntellilInk’) it will enables Nedbank’s Visa Corporate cardholders to manage their transactions online, 24 hours a day.
Nedbank procurement card launches expenditure management service Read More »
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) declined by 5.4 index points in June, with most of the sub-indices declining significantly declines. At 48.2, the Index is at its most depressed level since August 2011. This moderation in manufacturing production has dampened the outlook for overall GDP growth in the second quarter of 2012.
PMI declines sharply and ends in contraction Read More »
As emerging economies place successful, fast-growing, and culturally different companies onto the global stage in the coming decade, the process of selecting suppliers will become riskier, more complicated, and more fluid. This is the consensus among Procurement Executives who responded to an Ariba survey on Procurement in 2020. “I believe we are going to see
Supplier selection – complexity on the global stage Read More »
You’ve been asked to give a procurement presentation to executives. What should you include? While it’s impossible to give a list of procurement presentation topics that will please every executive every time, Charles Dominick of Next Level Purchasing says there are four common topics that appeal to most executives. 1. Return on Investment Salaries, benefits,
Selling procurement’s business case Read More »
The local procurement accord would go a long way in building the capacity to reindustrialise the economy, said speakers at the South African Supplier Diversity Council (SASDC) conference in late June. South Africa’s heavy reliance on imports has over the last ten years led to de-industrialisation and the weakening of the manufacturing sector, said policy
Local procurement accord to reverse deindustrialisation Read More »
In short, Yes. A new higher cost profile has been placed under many commodities, says John Mothersole of economic analysis and forecasting organisation IHS. “Volatility has increased significantly – and is likely a permanent feature of supply chains,” says Mothersole. This raises the need to not only track commodity prices, but also the corresponding factors
Is the commodity price environment today different from the past? Read More »
