1 March 2024

Transforming Procurement and Business through Storytelling

Transforming Procurement and Business through Storytelling

Dr Faith Mashele, Faculty Member at GIBS Business School in Johannesburg, South Africa, elucidates the transition from the conventional emphasis on cost reduction in Procurement to recognising the significance of interpersonal connections and narratives in the professional sphere. As she informs SmartProcurement, this shift is articulated via her individual odyssey, transitioning from corporate positions as […]

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Procurement Best Practices

An Analysis of Key Procurement Best Practices

Within the dynamic landscape of commerce, procurement assumes a pivotal role, serving as the catalyst which propels supply chain efficacy and economical operations. MJ Bronkhorst, Managing Director of Oxalys South Africa, outlines how procurement encapsulates the methodologies of sourcing, acquisition, and administration of indispensable goods and services crucial for organisational functionalities. Nonetheless, embedded within this

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Navigating legal services procurement

A Strategic Guide to Navigating Legal Services Procurement

In the realm of corporate legal services, procurement professionals encounter distinctive challenges. Unlike conventional procurement categories, legal services necessitate a nuanced comprehension of value, efficiency, and strategic collaboration between in-house legal teams and external law firms. Sacha Kirk, Co-Founder and CMO at Brisbane-based company Lawcadia, in her conversation with SmartProcurement, harnesses insights to elucidate the

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Strategic Sourcing and Category Management

Difference Between Strategic Sourcing and Category Management

Effective procurement procedures like strategic sourcing and category management are crucial for businesses, vice chair of CIPS Dubai and vice president of Chartered Buying in the UAE, Faiq Ali Khan, tells SmartProcurement, especially in cases where businesses aim to maximise their resources and maintain a competitive edge in the complex arena of business today. If

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Navigating the Red Sea Crisis

Navigating The Red Sea Crisis: What You Should Be Doing

Instances of ship assaults in the Red Sea have significantly impeded global maritime transportation, resulting in a 40% decline in trade flow through the Suez Canal. Dr Subhash Makhija, Chief Executive Officer and Co-Founder of GEP, in New Jersey, USA, tells SmartProcurement that enterprises on a global scale are compelled to adjust their tactics, encompassing

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Navigating Career Stages for Success

Exploring Career Stages for Success

A career transcends mere livelihood; it represents a voyage of individual maturation, contentment and self-definition. Analogous to any expedition, it entails traversing distinct stages to attain one’s objectives. Within this discourse, South African-based, Chantal Kading, Founder and Managing Director of The People Shop, delves into the phases of a career trajectory with SmartProcurement, and pinpoints

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Business interruption (incl. supply chain disruption)

Business interruption (incl. supply chain disruption)

Companies are confident that the worst of two key disruptors of recent times, the pandemic and the energy crisis, are behind them. However, business interruption remains a key concern as firms are challenged to build resilience and diversify supply chains in a rapidly changing world. Business interruption (BI) ranks second in the Allianz Risk Barometer, behind the closely linked peril of cyber. It

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February PMI

Absa Purchasing Managers’ Index (PMI) February 2024

Following a very poor start to the year, the Absa Purchasing Managers’ Index (PMI) improved in February. The headline PMI rose from 43.6 to 51.7 points. While this is a welcome increase, it does need to be qualified by saying that business activity remains more subdued. Indeed, of the five subcomponents of the PMI only suppliers’ performance is

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