Procurement Strategy

Transforming Procurement and Business through Storytelling

Transforming Procurement and Business through Storytelling

Dr Faith Mashele, Faculty Member at GIBS Business School in Johannesburg, South Africa, elucidates the transition from the conventional emphasis on cost reduction in Procurement to recognising the significance of interpersonal connections and narratives in the professional sphere. As she informs SmartProcurement, this shift is articulated via her individual odyssey, transitioning from corporate positions as […]

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Procurement Best Practices

An Analysis of Key Procurement Best Practices

Within the dynamic landscape of commerce, procurement assumes a pivotal role, serving as the catalyst which propels supply chain efficacy and economical operations. MJ Bronkhorst, Managing Director of Oxalys South Africa, outlines how procurement encapsulates the methodologies of sourcing, acquisition, and administration of indispensable goods and services crucial for organisational functionalities. Nonetheless, embedded within this

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Navigating legal services procurement

A Strategic Guide to Navigating Legal Services Procurement

In the realm of corporate legal services, procurement professionals encounter distinctive challenges. Unlike conventional procurement categories, legal services necessitate a nuanced comprehension of value, efficiency, and strategic collaboration between in-house legal teams and external law firms. Sacha Kirk, Co-Founder and CMO at Brisbane-based company Lawcadia, in her conversation with SmartProcurement, harnesses insights to elucidate the

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Strategic Sourcing and Category Management

Difference Between Strategic Sourcing and Category Management

Effective procurement procedures like strategic sourcing and category management are crucial for businesses, vice chair of CIPS Dubai and vice president of Chartered Buying in the UAE, Faiq Ali Khan, tells SmartProcurement, especially in cases where businesses aim to maximise their resources and maintain a competitive edge in the complex arena of business today. If

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Navigating the Red Sea Crisis

Navigating The Red Sea Crisis: What You Should Be Doing

Instances of ship assaults in the Red Sea have significantly impeded global maritime transportation, resulting in a 40% decline in trade flow through the Suez Canal. Dr Subhash Makhija, Chief Executive Officer and Co-Founder of GEP, in New Jersey, USA, tells SmartProcurement that enterprises on a global scale are compelled to adjust their tactics, encompassing

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Procurement Practices Blueprint for 2024

7 Best Procurement Practices Blueprint

Are you needing a roadmap to elevate your procurement practices? In this article, the Purchasing Procurement Centre based in the USA, provides insights into embracing technology, streamlining processes and cultivating robust supplier relationships. 1. Implement Spend Profile/ABC Categorization Start with a spend profile analysis and get rid of C’s and focus on A suppliers. Yes,

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Managing Supply Chain Disruptions

A Superhero’s Approach to Managing Supply Chain via Collaboration

The relentless amount of disruptions in the global supply chain is not just impacting economies and industries; it’s upending the lives of those navigating it – the supply chain professionals. Head of Supply Chain at Kimberly-Clark in Nigeria, Adenike Onasoga, tells SmartProcurement how industry experts stay ahead of trends, plan for the unpredictable, ensure efficient

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2023 Procurement Survey

Towards resilient and robust procurement teams – 2023 Annual Procurement Survey

The Oxalys South Africa Procurement Survey, now in its 3rd edition, aims to offer unique perspectives and tactics for strengthening resilience in procurement operations, addressing the ever-changing requirements of businesses. The survey delves into crucial aspects like performance management, inclusivity, and digital transformation. Notably, this year’s edition includes a dedicated section that focuses on public

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Procurement trends

Procurement Trends for 2024 According to Experts

In this second article of a 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, continues to unpack a wealth of advice for industry professionals to use in their planning for 2024. We pick up at Number 4 of 11 trends in procurement, predicted by experts for the coming year. Trend 4. Procurement forecasting

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Carbon emissions reduction

Supply Chain Emissions Reductions Accelerating as Companies Reassess in Year Two

EcoVadis released its second-annual Carbon Action Report with fresh findings from its Carbon Action Module (CAM), covering 2022 and 2023. This report analyses year-over-year findings from the CAM and delves into how the collaborative journey between buyers and suppliers is accelerating, showcasing the carbon maturity journey across diverse industries. Bridging the Climate Ambition-Action Gap Launched

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