Supply Chain Management SCM

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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Business interruption (incl. supply chain disruption)

Business interruption (incl. supply chain disruption)

Companies are confident that the worst of two key disruptors of recent times, the pandemic and the energy crisis, are behind them. However, business interruption remains a key concern as firms are challenged to build resilience and diversify supply chains in a rapidly changing world. Business interruption (BI) ranks second in the Allianz Risk Barometer, behind the closely linked peril of cyber. It

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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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Supplier Diversity and Sustainability

AstraZeneca’s Pioneering Approach to Supplier Diversity and Sustainability

In the Sustainable Value Chains podcast, senior sustainability practitioners and corporate leaders delve into diverse realms encompassing environmental stewardship, labour practices, human rights, ethical considerations, and sustainable procurement. The discussions within this platform elucidate strategies for companies to cultivate value chains characterised by heightened sustainability. Speaker: Anna Hakobyan, Global Sustainability Supplier Diversity and Government Compliance

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Innovation in Africa

The Role of Supply Chain in Innovating Start-Ups in Africa

Head of Supply Chain at Kimberly-Clark in Nigeria, Adenike Onasoga, chats to SmartProcurement about the significant gap that exists between the surging market for supply chain solutions and the inadequate number of professionals in the industry who can provide the necessary leadership and innovation. In recent weeks, I have immersed myself in events centered around

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