By Sammeli Sammalkorpi, VP: Customers and Co-founder of procurement analytics solutions provider Sievo In late 2017, MIT’s Sloan Management Review (in collaboration with the Boston Consulting Group) seemed to confirm what most in procurement had long inferred. Our expectations for artificial intelligence (AI) are well out of proportion with our preparedness. In short, we are […]
3 roadblocks to implementing AI in procurement Read More »
Over the last half-decade or so, technology has become increasingly more disruptive within the procurement industry. Across various offerings, you are promised the next big thing in procurement management that will help you save time and money and, ultimately, improve the way your organisation approaches the end-to-end procurement process. However, an effective procurement solution is
Technology and procurement management in SA – it’s about more than just disruption Read More »
Irrespective of what you think about the way in which private- and public-sector procurement is conducted, the ultimate objective is the same. Creating ‘value for money’ is the most commonly used term among purchasing individuals. Government procurement expert, Stephen Bauld, has spent half his career working with private-sector organisations and the other half working with
Procurement perspectives: a procurement career pursuit is worth it Read More »
By David Loseby Behavioural procurement (BP) is a sub-field of behavioural economics and concerns itself with the application of behavioural science, social science, decision science and applied cognitive psychology to commercial activities. For years the profession has talked about soft skills (I prefer to call them people skills) without a clear definition of what exactly
Behavioural procurement: a cognitive approach to people (soft) skills Read More »
By James Marland, Global Vice President, SAP Centre of Excellence for Spend Management Welcome to the world of autonomous procurement, where procurement professionals are augmented by machines and can focus on strategic relationships which require human creativity and empathy.
Autonomous procurement: the next evolution Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.1 index points in October 2019, up from 45.1 index points in September 2019. The October level was slightly higher than the average of 47.3 recorded during Quarter 3 and in line with the average of 48.3 points recorded during the first nine months of 2019.
October PMI up, but demand and output on the decline Read More »
By Diego De la Garza It might have started with dollars and cents, but what should procurement really be saving now? It is time to shift the dial.
Dollars and cents: what are we really saving? Read More »
Driven by fierce customer demand and global competition, today’s manufacturers are scrambling to deliver the highest quality products at the lowest possible cost. To remain competitive, manufacturers are turning to technologies, such as 3D printing, robotics, cloud computing, intelligent automation and advanced analytics (among other emerging technologies), to revolutionise every business aspect, from sales to
Manufacturers: what is in your procurement toolbox? Read More »
By Bertrand Maltaverne If there is one topic in business literature that has been covered exhaustively, it is key performance indicators (KPIs). But if you’re not careful, the indicators you set might inadvertently encourage behaviours that can be dramatically damaging… Case in point: in 19th-century India, the city of Delhi had a snake problem. A
What is the cure to the side effects of KPIs? Read More »
After I left Procurement Leaders last year to join Old Street Labs, a startup that helps large organisations to work more collaboratively with their strategic suppliers and, ultimately, drive more value beyond savings, I was sceptical as to how we can catch the eye of these giant companies. Apart from having a timely and relevant
Hey procurement, speak to startups! Read More »
