It is “imperative” that procurement is at the heart of AI adoption, the World Economic Forum (WEF) has warned in a report published earlier this year. Unpacking the report here, is reporter with Supply Management magazine at Haymarket Business Media, Will Phillips, MA. Procurement is a “key enabler” in the adoption of artificial intelligence, and …
Why procurement will be the ‘key enabler’ for AI adoption Read More »
Senior Group Category Manager at Endeavour Mining in Abidjan, Côte d’Ivoire, Balla Niambele, MBA, examines how mining can underpin the development of sustainable industries in West Africa, placing emphasis on the significance of local content and procurement, and the challenges and opportunities that come with these. West Africa’s economic growth and development have long been …
Creating Sustainable Industries in West Africa via Local Content & Procurement Read More »
In this 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, believes that in 2024, procurement will elevate business. In this article and over the next two issues of SmartProcurement News, he will take us through predictions and advice collected from procurement experts globally, to help professionals in the industry navigate the immediate future. …
11 Procurement Trends For 2024 According to Experts Read More »
Global thought leader in supply chain, change management, procurement, management and edtech, Mike Mortson, fears that supply chain leaders are becoming lazy. By this, he explains, he doesn’t mean that they are lazy in terms of getting their day-to-day tasks done, but in making the strategic improvements necessary to create more robust and resilient supply …
Catastrophic Supply Chain Disasters made worse by laziness Read More »
Infrastructure development will be a vital tool in stimulating provincial economic growth in the Western Cape over the next 12 years, strategically leveraging procurement to optimise the impact, says Provincial Minister of Infrastructure, Minister Tertuis Simmers. Speaking at SmartProcurement’s 10th Annual Western Cape Procurement Conference last month, Mr Simmers told his audience of procurement specialists …
Procurement Key in Development of Infrastructure Read More »
Preparing for a negotiation is critical to success. Though not intended as a substitute for learning, preparing this checklist from Next Level Purchasing can steer your negotiation preparation for great results. Do you follow these steps? Identify the primary supplier to negotiate with. Identify your second-best option in case you cannot reach agreement with your …
Can a Negotiation Checklist Improve your Results? Read More »
Proposals can contain a lot of information and are the basis on which procurement decisions are made. Therefore, you must evaluate them carefully for compliance with your requirements. So what does a compliant proposal look like? The following checklist, from Next Level Purchasing, can simplify your proposal evaluations and ensure that a supplier is worthy …
20 Tips for getting compliant proposals from suppliers Read More »
“What’s in a name?”, asked William Shakespeare famously. Actually, quite a lot, when we’re talking about procurement, purchasing and sourcing, says Luca Ramasco, Italian procurement specialist and author. Professionals working in our fascinating business area agree nowadays in defining the process – from the specification of needed goods & services through to the supplier performance …
Procurement vs Purchasing vs Sourcing – Whats in a name? Read More »
Procurement strategy must be aligned to business strategy, says Dirk Karl, Group Executive: Chief Procurement Officer & Member of the Board, Global Sourcing Company (GSC), The MTN Group a valued African brand in telecommunications. He told delegates at the Smart Procurement World Indaba 2022 that two of MTN’s core business strategies are localisation and ESG …
Procurement as a change agent for localisation and sustainability Read More »
Sustainable procurement involves incorporating Environmental, Social and Governance (ESG) principles into procurement processes and policies, Matjale Matsaung, Global Sustainable Procurement Expert & Managing Director, Sechaba Bauen, told delegates at the Smart Procurement World Indaba 2022. The aim is to ensure that business with suppliers is conducted in a manner that aligns with corporate social responsibility …
What do ESG and sustainability mean for procurement? Read More »
