Invoicing & Payment,
Spend Analysis & Benchmarking,
Supplier Relationship Management,
B2B Social Media: Online Supply Communities, Open Innovation, SM B2B Marketing, SM Customer Driven Support
Industry Groups: Construction, Defence & Aerospace, Education, Financial Services, Healthcare, Manufacturing & Automotive, Public Sector, Resources, Retail & CPG/FMCG, Utilities
Categories / Commodities: Business Travel, Capital Equipment, Construction & Building, Electronic & High Tech, Fuels & Lubricants, Managed Print Services, Marketing & Advertising, Metals & Minerals, Office Suppliers, Services Procurement, Supply Chain Management, Transport & Logistics
Procurement People: Careers, Leadership, People on the move, Talent Management
- New ideas for improving contract management | by Wessel Pieters
- Hollard’s procurement upheaval pays off | by Kate Ferreira
- Crafting Performance-Based Contracts | by Tim Cummins
- Get to grips with Contract Management | by Kate Ferreira
- Transformation: A reminder of why we are doing this | by Dr Robin Woolley
- 5 communication tactics for modern sourcing | by eSourcing Forum
- SCM textbooks for Africa - Sasol and PanAvest initiative
- Creating opportunities through supplier development | by Ahmed Patel
- The leader in you - aspiration and vision | by Dr Gerhard van Rensburg
- Bespoke supplier development event presents ‘new ideas and thinking’ | by Ahmed Patel
Brics countries must continue to embrace innovation as a key driver for economic growth, delegates at the 3rd Annual innovaBRICS & Beyond Conference taking place in London heard on Monday, 27 October.(Read Full Article)
There’s a growing consensus that companies need strong, independent boards full of qualified directors if they are to sidestep risks and seize opportunities in our complex and dynamic international economy. Being generally “impressive” is no longer enough—investors and corporate watchdogs expect a well-defined rationale for each appointment, an articulation of how the board member will provide meaningful oversight and counsel on critical issues.(Read Full Article)
Around these parts, the phrase “complex spend management” is tossed around frequently when discussing how the modern Chief Procurement Officer should develop their global programs and strategies. Today’s CPO Rising article is an overview of why the “hottest” complex spend categories (which have been historically linked to indirect spend management) must be critical focal areas [...](Read Full Article)
Given IBM’s earnings miss last week and the impact it had on company shares I thought rather than just criticizing the company it might make better sense to consolidate my ideas for how to fix IBM. Here they are.
Early in his tenure as CEO, Sam Palmisano made changes that created IBM’s problems today. IBM customers are buying fewer products and services. Revenue has dropped each quarter for the past ten.(Read Full Article)
FAMOUS Brands has delivered an 18% rise in headline earnings per share to (HEPS) 212c in the six months to August, boosted mainly by its logistics and manufacturing operations and improved efficiencies.
The fast food group said on Monday that revenue was up 14% to R1.57bn from the year-earlier period, with operating profit up 19% to R303m.
The company said while the front-end franchised operation delivered a satisfactory performance — reflecting reduced consumer spend across certain mainstream brands — the back-end logistics and manufacturing businesses made a significant contribution to the group’s overall results(Read Full Article)
When we start focusing on Procurement effectiveness things start to fall into place. Too many Procurement functions give overriding focus to the numbers, an understandable trait given that we operate in a numbers-driven commercial world. Even in organizations with leading purchasing practices, Procurement success still typically imbibes the amount of savings delivered. When we focus too much on the numbers we fail to leverage the power of our collective imagination and converged effort when channelled towards building sustainable capability.(Read Full Article)
SASOL’s polymer business is unprofitable — hence it is uncertain if it would make the investments necessary to modernise, says the petrochemical giant’s senior vice-president for strategic projects Norbert Behrens.
Mr Behrens and his colleagues were on Friday called before Parliament’s trade and industry committee to explain the pricing policy that Sasol used for its polymer products. This is a sensitive issue in the light of the decision by the Competition Tribunal to fine Sasol Chemical Industries R534m for the excessive pricing of its propylene and polypropylene products.(Read Full Article)
Everyone likes a comfy bed and a suite, but unfortunately hotel spend is an often-overlooked area for businesses. Rooms are frequently purchased on an ad-hoc basis with hotels that are not ones that the company has already negotiated rates with.
Twenty years ago, Joseph Pine published a book titled “Mass Customization.” This was followed by a Harvard Business Review article, similar McKinsey articles, and various related movements, including agile manufacturing, which was promoted and promulgated by such individuals as Rick Dove and institutions such as the Iacocca Institute at Lehigh University. This movement was focused around manufacturing; the thesis was that the days of mass production were over and that the new world would operate with lot sizes of one while at the same time achieving the leverage advantages of mass production.(Read Full Article)
Pretoria – President Jacob Zuma has appointed new members of the Presidential Black Economic Empowerment (BEE) Advisory Council.
Government’s plans for reining in the country’s public procurement would be outlined in the Public Procurement Review, which will be published next month.
Finance Minister Nhlanhla Nene told Parliament on Wednesday that the document would “clearly” outline the reforms to be implemented within the next five years.
This emerged as the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed that government’s modernisation of its procurement systems had gained traction with the pilot expected to start at selected provinces and large national departments within the next few months.
The design of a national price-referencing mechanism had also been completed ...(Read Full Article)
Government has proposed a new framework for funding state-owned companies, which will include closer monitoring of such entities.
In the Medium Term Budget Policy Statement (MTBPS) tabled in Parliament on Wednesday, National Treasury has said that state-owned companies and public entities play important roles in realising government’s economic and social mandate.
These entities need to be financially sound and operationally effective, contributing to development without draining the fiscus.
“Government is proposing a new framework for funding state-owned companies that will distinguish purely commercial activities from the costs of exercising their developmental mandate,” said National Treasury in the MTBPS.
Starting tomorrow a group of government officials and experts belonging to the world’s leading anti-money laundering organisation – the Financial Action Task Force (FATF) – will be meeting in Paris. On the agenda is the adoption of a document on an issue that has major implications for the fight against crime, corruption and tax evasion around the world.
It’s a shame nobody outside of this small circle of experts from governments and international organisations has had a chance to see the document before it comes out.
According to the FATF website, at its upcoming plenary meeting the organisation will adopt ...(Read Full Article)
The South African economy is stuck in first gear. Slow economic growth, high levels of unemployment and high inflation is likely to continue for some time.
With South Africa facing such difficult economic circumstances, it is expected that in his Medium Term Budget Policy Statement on Wednesday, the Minister of Finance, Nhlanhla Nene, is going to face significantly reduced revenue in his budget. There is therefore every possibility of cuts to the budget, or a dramatically increased budget deficit.
We would never have been in our current fiscal situation if government was able to curb wasteful expenditure. The SIU estimates ...(Read Full Article)
Though there’s long been plenty of reasons to be sceptical, it’s increasingly reasonable to suggest that supplier diversity is a rising influence in the procurement decision-making process. It used to be asked: ‘Isn’t that a US concern?’, but judging by the caliber and sincerity with which top procurement professionals discussed the topic at last week’s MSDUK Conference in London, that’s gradually becoming a redundant question.
But the lessons here aren’t just for the UK, where some of these conversations are happening now, they apply to the larger ethos of procurement and how businesses go ...(Read Full Article)
PetroSA recorded an overall net loss of R1.65bn in the 2013/14 financial year, the company said on Tuesday.
While the company made an operating profit of R2.2bn, this was against the R3.4bn impairment charge against PetroSA's onshore and offshore assets, spokesperson Thabo Mabaso said in a statement.
"This is the result of a volatile economic environment, creep in project costs and delays in the feedstock drilling programme (Project Ikhwezi)." Impairment is the reduction in a company's stated capital.
Nosizwe Nokwe-Macamo, PetroSA group CEO, said the company had a trying year with the main focus ...(Read Full Article)
MAJORITY of more than 900,000 active tax-paying companies operating in the South African economy will be affected by the new empowerment codes that are coming into effect from May next year, the Department of Trade and Industry said on Friday.
The new requirements were gazetted two weeks ago, with the comment period ending on November 14. They are for businesses with a R10m-R50m annual turnover. The codes, which are also referred to as the qualifying small enterprises (QSE) codes and their amended codes, are aimed at boosting small business participation in the mainstream economy.(Read Full Article)
COUNTRIES wanting to sell their nuclear technology will be able to parade their wares in a pre-procurement workshop to be hosted by the Department of Energy that will include representatives from other state entities.
On Sunday, the Department of Energy issued a statement saying the first of these workshops would begin with Russia and would take place before the end of October.
According to the statement, the vendor parade workshops entailed vendor countries presenting their nuclear technology offerings.(Read Full Article)
As uncomfortable as it may be, procurement needs to hear from unhappy suppliers. In fact, giving suppliers the opportunity to complain or otherwise rate the way they are treated is a vital part of effective supplier relationship management (SRM).
Procurement Leaders, citing news stories in other media, reported last week that suppliers to giant UK food retailer Tesco are unhappy with the company’s organization and certain business practices, branding the firm as leaderless and difficult to work with. It’s a stunning indictment, all the more so since it turns the table on the usual paradigm of buyers complaining ...
Investors are unlikely to rush back into platinum any time soon after a minimal price reaction to its biggest supply shock highlighted a major problem: no one knows how much metal exists above ground or, more importantly, who holds it.
Analysts predicted a surging market as a record five-month labour stoppage in top producer SA wiped out more than 1-million ounces of output worth $1.28bn. Yet platinum, used mostly in automotive catalytic converters which clean up exhaust emissions, also failed to react to a 2.4-million ounce accumulation of metal into exchange-traded funds since 2010. The metal has lost ...(Read Full Article)
The security of the internet is an on-going concern. Whether you're online for fun, or you're conducting business, there are all manner of pitfalls you may encounter. Issues such as viruses and malware are now widely known about, but these are far from being the only security issues to concern yourself with.(Read Full Article)
The modern procurement executive and Chief Procurement Officer often lists “improve visibility” on their corporate to-do list nearly everyday. For some organizations, this goal is often a pipe dream or something they “feel” they should be doing in the greater scheme of supply management. However, top-tier CPOs realize that improving visibility isn’t a simple goal on a list crowded with other objectives: it’s a formidable, real target that must be achieved in order for procurement to drive true value across the greater enterprise.(Read Full Article)
Contracts are an age-old method to organise the framework for transactions between parties. Usually a contract is about the exchange of goods and services and the remuneration thereof. This contract is usually in writing, signed and acknowledge by the parties.(Read Full Article)
In March 2012, Hollard Insurance hosted a procurement conference with a primary focus on supplier management and cost controls. It was the start of their own reworked procurement strategy (officially launched in April 2012), designed and developed to ensure best service and to curb costs during the insurance claim settlement process. Now, a little over two years down the line, the procurement policy is paying off, says Arie de Ridder, Head of Claims for Hollard Broker Markets.(Read Full Article)