(Part 1): The evolving legal frameworks Spend Matters – an Austrian-based company covering procurement technology for supplier management and sourcing – has begun a 3-part series looking into how a combination of process and technology can help root out and combat forced labour and modern slavery in global supply chains. The company’s senior analyst, Bertrand …
By Heta Pirttijärvi, Business Development Manager, Sievo In this article, we will look at some of the effects that COVID-19 has had on business spend based on anonymised enterprise data. 2020. We all know that it was an eventful year, disrupting many things as we know it. There have been enough Internet posts about how …
Year spend 2020: procurement benchmarks since the COVID-19 pandemic Read More »
By Piotr Raszewski, Senior Analyst: Knowledge Services, Infosys, and Srikrishna Koneru, AVP, Strategic Business Practice Head: Sourcing and Procurement, Infosys When one thinks of ways to measure the effectiveness of cross-operation between procurement and finance, more than a few methods come to mind. Purchase order (PO) compliance rate, discount utilisation, the number of active vendor …
Are you utilising data effectively to drive synergies between procurement and finance? Read More »
By Nicolette Emmino We were not even at the end of Quarter 1 of 2020 when tariff wars seemed to be the least of our problems. Even before the coronavirus started to disrupt supply chains, procurement analysts had identified several things to watch out for and necessary transformations that needed to happen within the procurement …
By Hemant Porwal, Executive Vice President: Supply Chain and Operations, WESCO Distribution Over time, the concept of measuring savings has evolved to creating a baseline by comparing items under the form, fit and function framework. Top-quartile procurement teams have taken this further by adopting total cost of ownership (TCO) into their request for proposal (RFP) …
The domestic corporate travel market is set to undergo many subtle changes in 2017, says Alan Low of category benchmarking company Pi. With a forecast of stagnant economic growth, downgrades and political uncertainty, organisations will be looking for more savings and greater efficiency. The interplay between travellers, travel managers and service providers, such as …
Travel benchmarks point to behaviour massively driving costs in 2017 Read More »
Given its size, the public procurement market has the potential to improve public sector performance, promote national competitiveness and drive domestic economic growth. However, with such vast sums and interests in jeopardy, public procurement is the government activity most open to corruption and fraud. It provides numerous occasions for all involved to divert public …
World Bank assesses public procurement systems in 77 economies Read More »
In tough economic times, management may take a ruthless approach to various areas of the business where they perceive costs as being too high. For example, they immediately cut the marketing budget – when in fact marketing may be more critical than ever before. Or they trim down expenditure on IT systems, when investing …
Forget cost management – think ‘value management’ Read More »
“Recent benchmark reports have shown price variances for specific items of more than 60% and on A4 paper in excess of 40%.” Alan Low has seen both sides of the stationery supply world: from benchmarking stationery supply arrangements for many of South Africa’s top organisations, to being the Managing Director of a UK stationery …
Stationery – Managing and optimising a complex category Read More »
The 2013 Department of Trade and Industry (DTI) Codes are complex and meeting them will be challenging. For management to make informed decisions and measure progress in achieving transformational goals at business-unit level there must be one version of the truth that is accurate and up-to-date. The New Codes have raised the broad-based black …
Using data analysis to facilitate achieving the DTI 2013 BEE Codes Read More »
