Having more data generated in the last two years than in the history of mankind is an opportunity to recognise how analytics is a source of competitive advantage. Sammeli Sammalkorpi, Co-founder of procurement analytics solutions provider Sievo, shares some key points from a lecture presented at the London Business School.
Where the world of procurement is heading Read More »
Elaine Porteous clears up some common misconceptions about the ways in which procurement organisations can be structured as well as demystifies some of the associated jargon… Starting a new job can be both stressful and exhilarating. The people are different, the location is strange and the way they work is peculiar to that enterprise. There
Understanding the shape and cut of procurement organisations Read More »
The primary task of procurement is to provide the ‘right’ inputs for an organisation’s processes. The ‘right’ inputs are traditionally described as follows: – Inputs of the ‘right quality‘ – Delivered in the ‘right quantity‘ – To the ‘right place‘ – At the ‘right time‘ – For the ‘right price‘ These are often called the
The five rights of procurement Read More »
Direct feedback from frequent corporate travellers can be a powerful tool in the arsenal of a corporate travel procurement manager in their efforts to achieve better compliance and engagement, and to reduce the human cost of frequent travel. FCM Travel Solutions South Africa GM Nicole Adonis unpacks the importance of traveller feedback as a performance
Blockchain hype has spread like wildfire… “But it’s time for a reality check”, says Bertrand Maltaverne, Solutions Consultant, who helps organisations to digitally transform their procurement practices. Don’t — Don’t — Don’t — Don’t believe the hype Don’t Believe the Hype is a song by Public Enemy that dates back to 1988 and (if loosely
Blockchain will not save the world (at least not this year…) Read More »
It is now apparent that procurement can deliver an extensive value proposition in addition to traditional savings and compliance. Procurement has the potential to be a revenue centre, empower suppliers’ product innovation, manage risks, contribute to customer satisfaction and so much more. Traditional procurement strategy that pragmatically concentrates on return on investment (ROI) and the
The management of procurement value Read More »
If a municipality intends to explore the possibilities around effective and efficient procurement by adopting a more strategic approach, then it must place emphasis on taking proactive measures to improve the purchasing function. “It is not sufficient to rely on only those measures that would prevent things from going wrong; it would be time well
Procurement perspectives: exploring a more efficient procurement process Read More »
The seasonally-adjusted Purchasing Managers’ Index (PMI) edged lower to 49.9 index points in January 2019, down from 50.7 in December 2018. Despite the decline, the index remains 2 points above the average recorded in 2018, which suggests that manufacturing started the year on fairly solid footing. The performance of the PMI’s sub-components was more mixed,
January PMI points to solid start to 2019 Read More »
South Africa currently ranks 61st out of 137 countries within the 2017/2018 Global Competitive Index (World Economic Forum, 2017). One of the Index’s main critiques against the country is its inadequately educated workforce, which re-affirms the critical role of education and skills development. It is imperative that the country ensures efficient and effective skills development
Creating a framework for developing SCM professionals Read More »
