Risk Management

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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Loadshedding impact on SC

Loadshedding’s ripple effect on SA’s supply chains

In the realm of supply chain management, where efficiency and precision are paramount, disruptions can send shockwaves through even the most finely-tuned systems. One such disruption that has cast its shadow over the supply chains of South Africa is loadshedding. This IMM Graduate School blog delves into the intricate web of challenges that loadshedding poses

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Backlog at Durban container terminal

No quick fix for congestion at Durban container terminal

The prevailing backlog of ships at anchorage outside South Africa’s largest container terminal in Durban is currently forecast to be cleared only by the end of February next year, amid persistent equipment shortages and insufficient maintenance, writes Terence Creamer in this article, republished courtesy of Creamer Media’s Engineering News. However, Transnet Port Terminals (TPT) reports

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11 Procurement Trends For 2024 According to Experts

 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.

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Supply chain risks

Anticipating and Preventing Supply Risks to Avoid Supply Chain Disasters

Jan-Henner Theissen, founder and managing director of procurement advisory firm, targetP! in Berlin, writes here about Supply Chain Risk Management, specifically, anticipating and preventing risks in your supply chain and creating a competitive advantage for your company.   Contract management has evolved substantially since vendor management first started and now it is a fully-working part

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Panama Canal drought

Update On Panama Canal Drought – Increased Transportation & Cost Risk

Jan-Henner Theissen, founder and managing director of procurement advisory firm, targetP! in Berlin, warns that the drought in the Panama Canal showed no signs of improvement at the time of publication at the end of August.  Due to the drought, transit capacity has been adjusted which means further delays and costs should be expected. His

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Supply Chain risk management (SCRM)

SCM Managers warned of prolonged Panama drought

Supply Chain risk management (SCRM) professionals are warned to expect prolonged negative consequences of the severe drought impacting the Panama Canal, including weight restrictions and higher rates being applied, with further increases in the cost of shipping cargo on the cards. Here Berlin-based Jan-Henner Theissen, founder and managing director of procurement advisory firm, targetP!, provides

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Procurement Fraud

Procurement Fraud Continues to Thrive

Procurement fraud happens within the entire value chain of organisations, says Lebogang Letsoalo, director at Sincpoint Pty Ltd.  The reason for so many procurement officials getting the chance to manipulate systems and accept bribes, is because decisions are made on every level. Letsoalo tells  SmartProcurement that – from an economic perspective – we need to

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compliant proposals

20 Tips for getting compliant proposals from suppliers

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

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Sustainability in business

Less Risks, More Opportunities with Sustainability

We live in an era of continuous and expanding growth: Producing, procuring, distributing, trading, consuming, and other economic activities improve people’s quality of life, upgrade communities, and allow nations to thrive. However, says Oumaima Ben Amor, Sustainability Consultant at Our Hiraya in Australia, we tend to forget that the economy and society are embedded into

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