Sourcing Strategy Archives - Smart Procurement

The World Sustainable Procurement Day 2024

Leave a Comment / Recent, Sourcing Strategy, Sustainable Procurement / Monique

SmartProcurement was recently informed of a comprehensive exploration of paramount challenges within the realm of sustainable procurement at the World Sustainable Procurement Day, held by The Sustainable Procurement Pledge, on March 21st, 2024. The event delved into the spectrum of paramount challenges within the realm of sustainable procurement. Three dynamic themes, each encompassing three influential components: People, Planet, Profession, […]

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The Transformative Power of AI in Corporate Travel Procurement

Leave a Comment / Featured, Procurement Strategy, Strategic Sourcing, Supply Chain Management SCM / Bernie van Niekerk

Many companies are looking at ways to implement AI solutions into their core business, but how many are looking into ways to maximise the power of AI for their travel programme. Wings Global Travel is leading in many of the fields of AI and will be introducing AI tools in 2024. To help companies understand

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Interrupted Supply Chain Infrastructure: Global Supply Risk or Opportunity?

Leave a Comment / Featured, Procurement Strategy, Strategic Sourcing, Supplier Management, Supply Chain Management SCM / Bernie van Niekerk

Congested ports and serious shortages during the Covid-19 pandemic and subsequent lockdowns might be a distant memory in many of the world’s trading hubs, but in South Africa, it is looming over many industries post-festive season and beyond. In this piece, Broll Property Group (Pty) Ltd.’s Risk Management Director, Jason Griessel unpacks to SmartProcurement, the

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Navigating Port Challenges: The Path Forward for South Africa’s Port Infrastructure

Leave a Comment / Featured, Procurement Strategy, Strategic Sourcing, Supply Chain Management SCM / Bernie van Niekerk

In South Africa, the efficient functioning of ports is crucial for the export of fruits, a vital sector for the economy. Recently, Transnet Port Terminals (TPT) provided an update on the status of port equipment, shedding light on the challenges faced and the strategies being pursued for recovery. Additionally, insights from the Fresh Produce Exporters

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A Comprehensive Guide to Overcoming Supply Chain Risks in 2024

Leave a Comment / Featured, Sourcing Strategy, Supplier Management, Supply Chain Management SCM, Sustainable Procurement / Bernie van Niekerk

In an ever-evolving global landscape, 2024 is expected to pose unique challenges and opportunities for the logistics industry. According to the World Economic Forum’s Global Risks Report 20241, we are witnessing the emergence of a dual crisis of climate and conflict. Our increasingly fractured world must contend with an unstable global order, more extreme weather

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IPPO Confirms May 30 Renewables Bid Deadline as it Moves to Accommodate Grid Quotes and Curtailment

Leave a Comment / Procurement Strategy, Recent, Sourcing Strategy, Strategic Sourcing, Supplier Management, Supply Chain Management SCM / Bernie van Niekerk

The IPPO has announced the extension of the submission deadline for Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) to May 30th. This extension allows for the inclusion of grid-connection quotes and a curtailment addendum recently published by Eskom, SmartProcurement heard from Engineering News. In accordance with feedback received

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Transforming Procurement and Business through Storytelling

Leave a Comment / Don't miss, Procurement Strategy, Sourcing Strategy, Strategic Sourcing, Supplier Management, Supply Chain Management SCM / Bernie van Niekerk

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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An Analysis of Key Procurement Best Practices

Leave a Comment / Don't miss, Procurement Strategy, Sourcing Strategy, SRM Supplier Relationship Management, Strategic Sourcing, Supplier Management, Supply Chain Management SCM / Bernie van Niekerk

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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A Strategic Guide to Navigating Legal Services Procurement

Leave a Comment / Don't miss, Procurement Strategy, Service Outsourcing, Sourcing Strategy / Bernie van Niekerk

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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Difference Between Strategic Sourcing and Category Management

Leave a Comment / Don't miss, Procurement Strategy, Sourcing Strategy, Strategic Sourcing, Supplier Management, Supply Chain Management SCM / Bernie van Niekerk

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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