Strategic Sourcing

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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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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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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Pharmaceuticals in Africa

The Imperative of Backward Integration and Strategic Sourcing in Africa’s Pharmaceutical Sector

Africa’s pharmaceutical sector is in the midst of a significant transformation, writes Head of Supply Chain at Kimberly-Clark in Nigeria, Adenike Onasoga. With over 70% of medicines consumed on the continent being imported, this sits at $14 billion. It’s evident that this poses a huge threat to the continent, given the various global disruptions in

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Fostering innovation in Africa

Fostering innovation at the Sourcing Stage for Large Contracts

Fostering innovation in the sourcing stage in Africa is essential for the continent’s economic development. Innovation can lead to new products and services, improved efficiency and increased productivity. It can also help to create jobs and boost economic growth. In this article, our Staff Writer discusses crucial considerations for less developed countries. Challenges There are

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