The Purchasing Managers’ Index (PMI) plunged in July, signalling that the output recovery in the manufacturing sector was set back notably at the start of Q3. From an elevated 57.4 in June, the headline PMI suffered a record single-month decline of almost 14 points. It dropped to 43.5 in July, which is well below the […]
By Alejandra Garcia (MCIPS), Vice President: Procurement, Royal DSM In the first part of this three-part article series, I focussed on obtaining customer insights; in the last part, I will deal with crisis management, but nothing can be achieved in any function without an engaged, fit-for-purpose team – the focus of this second instalment. It
The inclusive CPO (part 2): cultivate your team Read More »
By Bárbara de Faria Lopes, Sustainability Consultant, IQbusiness, and Christelle Marais, Sustainability Lead, IQbusiness Financial factors are no longer the only consideration for businesses. Governments, investors, non-governmental organisations (NGOs) and society at large are increasingly holding companies accountable for their social and environmental impact. Organisations, therefore, need to identify and address sustainability risks within their
How to get buy-in for sustainable procurement Read More »
By Dustin Lanier, a Certified Public Procurement Officer (CPPO) and Principal Consultant at public procurement consulting firm Civic Initiatives. For any automation project in government to make it through the “hard middle” where enthusiasm wanes and the bug counts grow, there has to be a burning “why?” So, what is the “why?” on procurement automation?
Procurement automation: what is the burning “why?” Read More »
By Heta Pirttijärvi, Business Development Manager, Sievo In this article, we will look at some of the effects that COVID-19 has had on business spend based on anonymised enterprise data. 2020. We all know that it was an eventful year, disrupting many things as we know it. There have been enough Internet posts about how
Year spend 2020: procurement benchmarks since the COVID-19 pandemic Read More »
By Mark Raffan, The Negotiations Ninja, International Procurement Veteran & Recognised Expert on Procurement Negotiations “Good is the enemy of great. And that is one of the key reasons why we have so little that becomes great.” – Jim Collins People get uncomfortable when they hear this brilliant wisdom from Jim Collins. Why? Because I
When it comes to negotiating, good is the enemy of great Read More »
By Will Green Barriers to the use of public procurement as means to spark innovation have been highlighted in a UN report. In the report the UN Economic Commission for Europe (ECE) said public procurement accounted for 10-15% of GDP on average in most countries and “innovation-enhancing procurement” – or IEP – “should be considered
Four barriers to innovative public procurement Read More »
By Nora Elizabeth Mc Gann, Analyst, World Bank, and Nazaneen Ismail Ali, Senior Procurement Specialist, Governance Global Practice, World Bank Gender responsive procurement is a powerful tool to boost women’s economic empowerment, promote gender equality and build more equitable societies. This broad approach to the gender/procurement nexus looks at ‘value beyond savings’ and includes interventions
Mainstreaming gender in public procurement Read More »
By Sarah Scudder, President and Chief Revenue Officer, Real Sourcing Network Every year, companies spend billions on packaging for their products. According to a recent research report by Smithers, the value of the global packaging market was $917-billion in 2019. It will grow to $1.05-trillion by 2024. The cost of packaging depends greatly on the
E-Commerce growth makes effective packaging procurement critical Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to a solid 57.8 points in May 2021 from 56.2 in April. Four of the five subcomponents remained well above the neutral 50-point mark with only the employment index dipping back into negative terrain. In all, the average level of the PMI recorded in the first
PMI Q2 average higher than Q1 – manufacturing on track to record quarterly expansion Read More »
