Every business desires growth and success. They set targets to support the overall objectives of the GDP. However, it is natural to encounter many roadblocks along this journey and procurement is seen as an important area as it can block or support growth. Procurement analytics provider Robobai surveyed 250 procurement specialists and asked them what […]
6 reasons you’re still stuck in procurement 1.0 Read More »
The role of procurement extends far beyond the belief that procurement’s primary function is to obtain goods and services in response to internal needs. A world-class procurement process aims to optimise the whole process to create significant business value. Procurement optimisation leads to a number of benefits and adds remarkable value to your organisation as
Optimising the procurement process to boost efficiency Read More »
From left to right: Goodall Gondwe, Minister in Finance, Economic Development & Planning, Malawi; Margaret Mwanakatwe, Minister in Finance, Zambia; Mizinga Melu, CEO of Barclays Bank, Zambia. Delegates at the inaugural Africa Procurement & Enterprise Development Summit (APEDS) threw their weight behind a drive to ensure that the public and private sectors harness procurement for
Harness procurement for socio-economic growth in sub-Saharan Africa Read More »
Countless studies have established that the C-suite and boards of directors want their supply chains to become fully-fledged business functions and with the ability to influence organisational objectives or in the case of private sector, profitability. We have been here before, but what has been tangible proof of “from backroom to boardroom, procurement goes strategic”?
The frequent use of 30-day accounts by South Africa’s public and private sectors could soon come to an end, with new solutions providing corporate and government entities with a much-improved alternative. Although 30-day accounts are still widely used by the travel industry, these accounts are an unnecessary burden on Travel Management Companies (TMCs) whom are
New solutions signal the end of the 30-day account Read More »
As procurement professionals, what do you think your suppliers think of you – and do you care? Do they see you as a hard-edged negotiator who wants to strike the best deal, based on price alone? Or do they see you as relationship-driven, keen to create more visibility within the business and developing inter-dependent relationships
How to get to 100% value creation from procurement Read More »
What ‘procurement masters’ are doing and how they are benefitting An Accenture study involving more than 125 chief procurement officers observed a profile of how high performers in risk management operate. The study identified “procurement masters” in organisations that save at least ten times as much as it costs them to operate their procurement organisations.
High-performance procurement risk management Read More »
The public sector’s struggle to recover irregular expenditure is hamstrung by inconsistent laws. Public-sector specialist Helen Venter unpacks the problem in this month’s SmartProcurement. For the past three years, the Auditor General of South Africa has complained about the lack of consequence management against accountable officials for incurring irregular or fruitless and wasteful expenditure. The
Inconsistent laws a public-sector headache when recovering irregular expenditure Read More »
Join us at Smart Procurement World 2019, where one of our conference themes will be “Walk the talk: High-impact procurement” Procurement work is much more than just securing the right products, in the right quantity and quality at the right place… Let’s think wider, more holistically, writes Robert Freeman, a procurement and supply chain expert
Love procurement – because it can impact society and the environment Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.5 index points in November from 42.4 in October. This was the PMI’s first increase after three straight months of declines and brought the index to the best level since July 2018. The improvement was broad-based with four out of the five main subcomponents rising
November PMI shakes off 3-straight-month decline Read More »
