By Kait Ries, Digital Marketing Manager, Bid Ops (a strategic sourcing software powered by AI) Strategic sourcing has been growing in importance in the world of procurement. The traditional sourcing strategy of picking the supplier who offers the lowest cost worked for centuries, but does not cut it in a modern, globalised business climate. Strategic […]
7 strategic sourcing trends for 2021 and beyond Read More »
By Dr Marcell Vollmer, Daniel Weise, Wolfgang Schnellbächer, Michael Jonas and Ann-Kathrin Merz (all professionals at Boston Consulting Group) Growing momentum on bringing sustainability into supply chains Companies are shining a spotlight on the environmental dimension of sustainability. This is evident especially in the automotive industry. With a small share of a car’s parts responsible
Sustainability in procurement on the move Read More »
By Will Green The need for greater diversity has finally reached beyond staff and hit the company purse strings. Supply Management takes a look at why you should up your supplier diversity and how to go about it. In 2020, two major events helped lay bare some of the inequalities in modern society. First came
How to diversify your suppliers Read More »
By Erica Bosio, Programme Manager: Growth Analytics, Development Economics Vice Presidency, World Bank, and Emilia Galiano, Private Sector Development Specialist, and Nathalie Reyes, Operations Analyst: Private Sector Development, World Bank Governments around the world are wondering how to save their small- and medium-sized enterprises during the economic downturn caused by the coronavirus (COVID-19). Look no
Efficient public procurement comes to the rescue Read More »
By Piotr Raszewski, Senior Analyst: Knowledge Services, Infosys, and Srikrishna Koneru, AVP, Strategic Business Practice Head: Sourcing and Procurement, Infosys When one thinks of ways to measure the effectiveness of cross-operation between procurement and finance, more than a few methods come to mind. Purchase order (PO) compliance rate, discount utilisation, the number of active vendor
Are you utilising data effectively to drive synergies between procurement and finance? Read More »
By Kelly Barner, Owner and Editor, Buyers Meeting Point Supply chain disruption was a popular topic long before the world was seized by the coronavirus pandemic. Geopolitical disturbances, natural disasters, labour strikes and changing regulations were already factors, and anyone that has been in supply chain during the last decade has seen all of these
Silk vs. steel: rebuilding supply chains after COVID-19 Read More »
Three procurement experts share their strategies for mitigating supply chain risk after 2020. The Economist put it best in July 2020: “You may have lost interest in the pandemic. It has not lost interest in you. COVID-19 is here to stay. People will have to adapt. The world is not experiencing a second wave: it
3 experts share how to strengthen supply chain defences Read More »
All sorts of spend analytics technology is available – but how do you best translate this data into constructive action? Procurious spoke to Kirk Poucher, Managing Director of SpendHQ. We all know that spend analytics is a must-have these days. There is a wide variety of procurement technologies available but, despite all of these solutions
3 reasons why focussing on spend analytics matters Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February 2021 from 50.9 in the previous month. The further increase (January 2021 was 0.6 points up from December 2020) was supported by three of the five sub-components gaining relative to January. Only the Employment Index moved lower, while the Supplier Deliveries
February PMI builds on January’s increase Read More »
