Government procurement and finance functions are faced with the need to be efficient, while simultaneously reducing fraud and increasing control, transparency and auditability for all expenditure. It is a tall order and at the same time these organisations are expected to constantly improve the services they provide to the communities they serve, says Vanitha […]
Should Government allow credit cards for purchasing? Read More »
1. Project Management Skills At the core of procurement, there needs to be a competency in project management. Procurement is a culmination of many different activities that produce a finished product. A procurement professional initiates, plans, executes and monitors the project through to completion. The best people to work in procurement are organised enough to
9 skills for a successful career in procurement Read More »
Be sure to lay groundwork for open ongoing communication among the departments partnering with procurement It has become clear that the most effective procurement departments not only rely on their own departmental capabilities and resources, but also leverage internal partners to support their work. Below is a series of best practices that procurement leaders
How can procurement executives build a winning internal strategy? Read More »
Over the many years that the Procurement Card has been used in the market it has changed from being a payment mechanism to being a purchasing tool that significantly supports strategic procurement activities. "It is a thrill to see that, as the world and the way business is done changes, the P-Card has been
The evolution of Procurement Cards into payment streamliners Read More »
Last year was one of massive and sometimes controversial change, for broad based black economic empowerment (BBBEE). The amended BBBEE scorecard, gazetted in October 2013, came into effect in 2015 and will affect all companies who are being measured and verified based on a financial period ending after 30 April 2015. “For some companies,
4 areas you can focus on to immediately boost your BEE levels Read More »
African leaders must pay critical attention to procurement regimes in their respective countries, implored Ghanaian procurement specialist and SmartProcurement Editorial Board member, Professor Douglas Boateng. The procurement regime on the African continent has been generally weak for a long period, which has led countries in the sub-region to lose revenue, said Prof. Boateng, who
Strengthen procurement regimes – African leaders advised Read More »
Effective procurement management requires procurement managers to approach their roles with a high-level view of supply markets and components that affect them. This is owed to the evolving role and nature of supply chains and the fact that players are increasingly embedded in complex and globally dispersed supplier networks. Supply chains are increasingly multi-tiered
Market knowledge is power in procurement Read More »
Insight Sourcing Group’s Tommy Greer and Spend Matters’ Pierre Mitchell discussed how high-performing procurement organisations are managing their energy expenditure and the top four ways that you can drive down energy costs. Enterprise energy management is focused on four primary value levers that drive sustained savings and transformation. Certain of the ‘levers’ cannot be
How can procurement capture value from today’s low-energy market? Read More »
The National Development Plan envisions zero tolerance for corruption in South Africa by the year 2030. With 14 years to go, can a country that has a history of high-profile corruption cases break the repetition? Rudi Kruger, General Manager of Governance, Risk & Compliance at LexisNexis South Africa, poses the question in this month’s
Corruption & irregular expenditure: is zero tolerance by 2030 a realistic ambition? Read More »
National Treasury will establish and administer the Central Supplier Database (CSD) on behalf of all departments, constitutional institutions and public entities. The CSD serves as one single source of supplier information to all spheres of government. National Treasury has not yet confirmed an exact date, but certain reports have speculated that all suppliers to
Complying with National Treasury’s Central Supplier Database Read More »
