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Procurement perspectives: change management in procurement is essential to survival

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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. […]

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PMI slightly down after 3-month improvement: remains above Quarter 1 average

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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

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PMI: December

PMI: December decline suggests manufacturing growth/recovery levelling off

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The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were recorded in the wake

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PMI push eases in November – manufacturing recovering, but needs greater demand

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The Absa Purchasing Managers’ Index (PMI) declined to 52.6 index points in November from the solid 60.9 points recorded in October. The decline comes after three consecutive upward moves and brings the index to the lowest level since July 2020. While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector’s

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Procurement perspectives: leadership in procurement is vital to organisations

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By Stephen Bauld The COVID-19 pandemic looks like it is entering the next phase. We could be looking at a long time before we get back to the new normal and leadership in procurement will help to shape the wellbeing of organisations moving forward. The argument that organisations need to begin now to train their

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How can Procurement best align with Finance right now? A CFO perspective

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Right now, as the COVID-19 pandemic takes its toll on jobs, consumer spending and the global economy, many businesses are scrambling to adjust to a new financial reality. They are also coming to terms with the fact that the path to recovery remains long and mostly uncertain. Experts, including Deloitte, predict that the United States

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Women push to deliver more while juggling work and life amidst COVID-19

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By Akashni Weimers We have all encountered some degree of awareness, whether by experience or otherwise, of the challenges that women have faced in attaining positions of power and influence in key positions. At its core, many of these challenges are attributed to the ability of a woman to balance her work role and life.

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Reinventing procurement: the case for new operating models

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In late July, Digital Procurement World (DPW) brought together some of the world’s most progressive chief procurement officers (CPOs) for a virtual roundtable discussion on how the ever-changing digital environment can help procurement challenge the status quo and design operating models that deliver both innovation and value. Matthias Gutzmann, Founder of DPW, gives us the

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Rules vs. discretion in public procurement

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By Erica Bosio, Programme Manager: Growth Analytics, Development Economics Vice Presidency, World Bank The trade-off between rules and discretion has been a central topic of research in public procurement. Kelman’s (1990) early work stressed the costs of rigid regulation in United States government procurement and made the case for discretion. Since then, research on the

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