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 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 »
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 »
A good number of South African organisations find themselves in precarious positions when it comes to procurement because they have yet to properly integrate their basic processes and their weaknesses have become more evident during a time that limits peoples’ movements and physical contact. The global COVID-19 pandemic has changed almost every business process and
SA procurement is going digital, but for many their processes are not ready for it Read More »
By Moses Manuel, Lecturer in Business, Legal and Development Studies, and Founder of Zerite Network Purchasing and supply management is not an entirely new concept to most people. Take a look at the first part, purchasing: we all undertake purchasing, be it data for your mobile phone, food, clothes, etc. Purchasing and supply management is
Purchasing and supply management: the important difference that you must know Read More »
By Stephen Bauld The COVID-19 pandemic is a perfect example that change is an ever-present feature of life. Organisational change may be difficult, but as the conditions of the environment within which an organisation operates change, it becomes essential for survival. Furthermore, the need for change reflects that every organisation is, in some respect, imperfect.
Procurement perspectives: change management in procurement is essential to survival Read More »
Following three consecutive months of improvement, the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined slightly to 56.2 index points in April 2021, from 57.4 in March. Despite the modest pullback, the index is now about 2.5 points above the average recorded in Quarter 1 of 2021 and about 26 points above the April 2020 reading
PMI slightly down after 3-month improvement: remains above Quarter 1 average 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 »
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 »
By Sammeli Sammalkorpi During the past few months, I have discussed with a number of chief procurement officers (CPOs) how they have managed procurement during COVID-19. One recurring answer was along the lines of ‘we broke all of our processes and went into wild-west-mode’. Now, many said this with an interesting combination of sadness and
Procurement needs less processes – as they are slow, boring and self-centred Read More »
