Technology

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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Why procurement will be the ‘key enabler’ for AI adoption

It is “imperative” that procurement is at the heart of AI adoption, the World Economic Forum (WEF) has warned in a report published earlier this year. Unpacking the report here, is reporter with Supply Management magazine at Haymarket Business Media, Will Phillips, MA. Procurement is a “key enabler” in the adoption of artificial intelligence, and

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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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AI in procurement

AI Use Cases to Supercharge Procurement

Artificial Intelligence (AI) in procurement is growing in popularity due to the advancements in technology, writes Karen Bonifacio, SEO Specialist/ Content Writer at Procurement Tactics, in Utrecht, Netherlands. In this article, she answers key questions: what is AI and how does it change the procurement industry? Artificial intelligence is integrated into every device that is

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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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Automating bid submission and evaluation

Getting the Final Leg of SCM Automation Right – Bid Submission and Evaluation

Despite the adoption of automation in supply chain management (SCM) to enhance efficiency and productivity, numerous businesses continue to receive and evaluate bids manually. In fact some companies still have a darkroom dedicated to storing old bid responses, says Director and Business Development Head at Wema Software Solutions in Pretoria, David Gitonga. The aspiration to

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Automating Quote Sourcing a Wise Move

Automating Quote Sourcing a Wise Move

The success or failure of a company in today’s competitive business climate often hinges on how quickly and accurately it can obtain bids. Businesses can benefit greatly from automating quote sourcing, reminds Director and Business Development Head at Wema Software Solutions in Pretoria, David Gitonga. In this article, he delves into the merits, features and

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2023 Smartprocurement World Indaba

Risk, ESG, AI, Public Sector Procurement On The Agenda

Risk is the focus of the 17th annual SmartProcurement World Indaba, South Africa’s largest, longest-standing event for procurement and inbound supply chain professionals, taking place from 11 to 14 September 2023 at Gallagher Convention Centre in Midrand, Gauteng. Announcing this year’s theme as “Do Risk Right!”, chief operating officer of organisers SmartProcurement , Debbie Tagg,

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