1. All Articles

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    1. Say Hello to the Selfie Supply Chain

      Explore Supply Chain Nation (Oct 23 2014)

      Say Hello to the Selfie Supply Chain

      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)

      Mentions:   Apple

    2. New Presidential BEE Advisory Council appointed

      Explore SA News (Oct 23 2014)

      Pretoria – President Jacob Zuma has appointed new members of the Presidential Black Economic Empowerment (BEE) Advisory Council.

      (Read Full Article)

      Mentions:   Africa   South Africa   Jacob Zuma

    3. Govt to table procurement review in November

      Explore Polity.org.za (Oct 22 2014)

      Govt to table procurement review in November

      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)

    4. Government proposes new framework for state-owned companies

      Explore SA News (Oct 22 2014)

      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.

      (Read Full Article)

      Mentions:   Eskom   National Treasury   Cape Town

    5. Money-laundering: too important to leave to the experts alone

      Explore space for transparency (Oct 21 2014)

      Money-laundering: too important to leave to the experts alone

      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)

      Mentions:   Paris

    6. DA: Dr Dion George says cut wasteful expenditure, not the budget

      Explore Polity.org.za (Oct 21 2014)

      DA: Dr Dion George says cut wasteful expenditure, not the budget

      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)

      Mentions:   IMF   Japan   South Africa

    7. Is Supplier Diversity A Problem Of Data, Policy Or Culture?

      Explore Procurement Leaders Network (Oct 21 2014)

      Is Supplier Diversity A Problem Of Data, Policy Or Culture?

      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)

      Mentions:   London

    8. PetroSA posts R1.65bn net loss

      Explore fin24.com (Oct 21 2014)

      PetroSA posts R1.65bn net loss

      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)

      Mentions:   Johannesburg   Post Office   Thabo Mabaso

    9. Concern over revised empowerment codes

      Explore BDlive (Oct 20 2014)

      Concern over revised empowerment codes

      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)

      Mentions:   Department of Trade and Industry   Democratic Alliance   Rob Davies

    10. Nuclear vendor workshops will allow potential suppliers to strut their stuff

      Explore BDlive (Oct 20 2014)

      Nuclear vendor workshops will allow potential suppliers to strut their stuff

      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)

      Mentions:   Russia   South Korea   Japan

    11. Let Your Suppliers Complain

      Explore Procurement Leaders Network (Oct 20 2014)

      Let Your Suppliers Complain

      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 ...

      (Read Full Article)

      Mentions:   Tesco   Dell   KPMG

    12. Platinum stock above ground remains a puzzle

      Explore BDlive (Oct 20 2014)

      Platinum stock above ground remains a puzzle

      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)

      Mentions:   Reuters   London   Russia

    13. 5 Essential Tips For Staying Safe Online

      Explore Technology News and Analysis (Oct 17 2014)

      5 Essential Tips For Staying Safe Online

      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)

    14. Visibility: What Does It Mean for CPOs? (Part I)

      Explore cporising.com (Oct 17 2014)

      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)

    15. New ideas for improving contract management | by Wessel Pieters

      Explore MarketSqr Blog (Oct 16 2014)

      New ideas for improving contract management | by Wessel Pieters

      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)

      Mentions:   Russia   China

    16. Hollard’s procurement upheaval pays off | by Kate Ferreira

      Explore MarketSqr Blog (Oct 16 2014)

      Hollard’s procurement upheaval pays off | by Kate Ferreira

      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)

      Mentions:   South Africa

    17. Crafting Performance-Based Contracts | by Tim Cummins

      Explore MarketSqr Blog (Oct 16 2014)

      Crafting Performance-Based Contracts | by Tim Cummins

      There is growing evidence that the form and design of a contract has substantial impact on the results achieved. The evidence ranges from studies on major projects, which often suffer from use of the wrong contract model, to more focused investigation of the behavioural impact of specific terms, such as the liability or indemnity provisions.

      (Read Full Article)

      Mentions:   Germany   Southern Africa

    18. Clampdown On Slavery In Supply Chains - Five Key Tactics

      Explore Procurement Leaders Network (Oct 16 2014)

      Clampdown On Slavery In Supply Chains - Five Key Tactics

      At the start of 2014, independent research showed that less than 50% of large UK businesses were regularly auditing their Tier 1 suppliers on whether they used slave labourers. That figure fell to 36% at Tier 2. Since then, we have seen multi-national buyers advance significantly their efforts to address slavery within their supply chains.

      (Read Full Article)

      Mentions:   USA

    19. Waterberg coal miners collaborate on resources

      Explore BDlive (Oct 16 2014)

      Waterberg coal miners collaborate on resources

      THE three most advanced coal companies in the Waterberg region — Exxaro, Resource Generation (Resgen) and Waterberg Coal Company — are working together with Sasol to develop the area’s coal resources most efficiently and sustainably to avoid some of the problems that have evolved in the Mpumalanga coal fields, Exxaro executive for business development Ernst Venter said on Wednesday.

      Mr Venter, who was answering questions at Wednesday’s Fossil Fuel Foundation Waterberg coal conference in Lephalale, said he was confident the mines would together be producing about 30-million tons a year of coal for export within the next 20 years.

      (Read Full Article)

      Mentions:   Transnet   Sasol   Eskom

    20. Get to grips with Contract Management | by Kate Ferreira

      Explore MarketSqr Blog (Oct 15 2014)

      Get to grips with Contract Management | by Kate Ferreira

      The upcoming contract management event – organised by Bespoke and the International Association of Contract and Commercial Management (IACCM) – promises to deliver international leading practice knowledge on contract management and supplier relationship management, with two experienced international speakers presenting at the event.

      (Read Full Article)

      Mentions:   Gartner   South Africa   Johannesburg

    21. Global A.T. Kearney Study Reveals New Procurement Trends

      Explore Supply Chain Management Review (Oct 15 2014)

      Leading company procurement organizations reap double the measurable cost reduction versus other companies, while also driving competitive advantage through supplier-driven innovation and risk management. While procurement organizations for leading companies have continued their upward trajectory, most companies only sustained the gains they made between 2008 and 2011.

      These findings were reported in a study released today by A.T. Kearney titled “Procurement Powered Business Performance: Assessment of Excellence in Procurement (AEP) Study 2014.” This year’s AEP is the eighth edition in a series that started in 1992.

      .

      (Read Full Article)

      Mentions:   A.T. Kearney

    22. Coega announces OEM complex for Nelson Mandela Bay

      Explore Polity.org.za (Oct 15 2014)

      Coega announces OEM complex for Nelson Mandela Bay

      The Coega Development Corporation (CDC), operator of the Coega Industrial Development Zone (IDZ), announced today it will establish a Multi Original Equipment Manufacturers (OEM) complex for the automotive assembly and components manufacturing sectors in Zone 2 of its industrial estate in Nelson Mandela Bay, South Africa.

      The state-owned entity has earmarked 306 hectares of land for automotive manufacturing industrial activity through its recently unveiled five year strategic plan, which will embrace an OEM industrial clustering approach.

      The Multi-OEM complex will house vehicle assembly halls and shared service infrastructures. First, second, and third tier automotive component suppliers will all be brought ...

      (Read Full Article)

      Mentions:   Volkswagen   General Motors   Africa

    23. Zurich Forum 2014: The Role of Big Data

      Explore Procurement Leaders Network (Oct 15 2014)

      The Procurement Leaders Zurich 2014 Forum panel discusses the role and benefit of using big data within procurement.

      Big data has many definitions, ranging from “unstructured” to “a lot of data” but the panel discussion on this very subject at the Procurement Leaders Zurich Forum defined it as “the moment when you have so many data points and systems that you cannot put it into one single system anymore”. So far, most of big data analytics has been seen on the sales side although we are increasingly seeing procurement applying it within their own function.

       Here are some trends on ...

      (Read Full Article)

    24. Mick Davis' X2 Resources now sitting on nigh-$5bn war chest

      Explore MiningWeekly.com (Oct 15 2014)

      Mick Davis'  X2 Resources now sitting on nigh-$5bn war chest

      Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up to $4.8-billion of committed and conditional equity capital, the new company said in a media release.

      (Read Full Article)

      Mentions:   London   Africa   South Africa

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