How can the procurement function adapt to the new reality of Industry 4.0? What can procurement leaders do to lead the change? To explore possible answers to these questions, Dan Bartel, Group SVP, Head of Procurement & Logistics/Chief Procurement Officer, ABB, unpacks Industry 4.0 in the context of Klaus Schwab’s 2016 book, The Fourth Industrial […]
Procurement and the 4th Industrial Revolution Read More »
Thinking of investing in some of the latest procurement technology? If you have not consulted market trends, got a third opinion and done all of your research, you might want to pull on the reins, advises Dan Quinn, Senior Vice President of cloud-based spend management provider Jaggaer (Middle East and North America). Buying procurement technology
6 things to consider before you purchase any procurement technology Read More »
This month SmartProcurement profiles Mark Kuipers, Chief Director: Capacity Building, National Treasury and Chairman of the SCM Council. The SCM Council seeks to professionalise supply chain management (SCM) within South Africa – making it a discipline governed by national SCM norms, standards and principles. The Council engages with SCM stakeholders to unpack leading practices and
Leadership Profile: Mark Kuipers Read More »
Procurement fraud can be committed by employees acting alone or in collusion with suppliers. Fraudulent activities between suppliers and employees create a host of challenges for the business if allowed to continue under the radar. With this threat, the onus rests with organisations to create a culture where fraudulent activities are easily identified and dealt
When supplier-employee relationships cross the line Read More »
Just as digital supply chains bring rewards, they also bring dangers. Supply chain managers are always on the lookout for corruption, but in the digital age the clues are harder to spot, warns Dr Abdul Majid Mahomed, Head of Professional Body CIPS, SA. Digitalisation is the buzzword of the moment and the future of supply
Rewards of digital supply chains obscure dangers Read More »
An early look at Ardent Partners’ CPO Rising 2018: The Age of Intelligence report revealed that, for the first time this year, sourcing has fallen out of the top 10 strategies employed by leading Chief Procurement Officers (CPOs). Kelly Barner, Managing Director of Buyers Meeting Point, an online resource for procurement and purchasing professionals, discusses
Forget everything you know about strategic sourcing Read More »
Given the rapidly changing business environment facing all industries, the role of the procurement function and specifically the Chief Procurement Officer (CPO) will need to adapt and change. Will you be ready for the future? A panel at the Smart Procurement World Western Cape Conference grappled with this very question. Having leaned on procurement to
The CPO agenda: the procurement team and CPO of the future – will you be ready? Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) dipped back to just below the neutral 50-point mark in May. The index declined to 49.8 index points, down from 50.9 in April. Despite the fall, the average level of 50.4 points recorded during the first two months of Q2, 2018, is not only above the neutral 50-point
PMI retreats, but Q2 averages higher than Q1 Read More »
