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
How do you become a customer of choice?
Udesh Kaul, VP of global supply management at Delphi Electronics and Safety, told Procurement Leaders’ Boston Forum: "First, earn the trust of the suppliers."
But earning trust requires a disciplined approach to supplier relationship management.
Kaul said: "We see our suppliers as our biggest asset, and we help them by discussing our growth plans so they can grow with us. We bring our business leaders to discussions with suppliers."(Read Full Article)
A study conducted by AT Kearney, the Institute for Supply Management (ISM) and CIPS found leading teams generate almost £1 million in financial benefits per procurement employee each year. Building the ...(Read Full Article)
Energy Minister Ben Martins tells Parliament to ‘fast-track’ proposed legislation to level playing field between Eskom, independent power producers(Read Full Article)
A major downside to online shopping as opposed to shopping in store is the delay between ordering and receiving purchases. In a physical store, the customers can see the items they wish to buy, choose them and then take them away home with them. On the other hand, for online purchases, the delay between order and delivery may dissuade customers from buying items. The major online retailer, Amazon, has been worrying about this potential barrier to online sales for a while.(Read Full Article)
European physical coal prices dropped slightly on Monday along with a weaker power market, while coal prices in South Africa rose on the back of electricity shortages there.
Cargoes for delivery in April to the ports of Amsterdam, Rotterdam and Antwerp (ARA) were at a bid/offer spread of $79-$79.75 a tonne on Monday afternoon, slightly below last Friday's levels.
In South Africa, coal prices rose on Monday as tight domestic electricity supplies threatened to halt exports from its main terminal at Richards Bay. South African coal cargoes for delivery in March were trading at $79.25 ...(Read Full Article)
As a slowdown in emerging markets takes the shine off shares in consumer goods makers such as Nestle, Unilever, Danone and Procter & Gamble, hungry investors have been sampling more of the companies that supply them.
Scent and flavour makers such as Symrise, Givaudan and International Flavours & Fragrances (IFF), and food ingredient names such as Glanbia and Kerry Group are attractive, analysts say, because they are more resistant to weak consumer spending and benefit from health and wellness trends forcing so many brands to modify their products.(Read Full Article)
Days after President Jacob Zuma confirmed in his State of the Nation address that government would move ahead with the procurement of new nuclear capacity, the Department of Energy (DoE) indicated that it planned to appoint an adviser to assess the economic impact of “localisation for the nuclear expansion programme”.(Read Full Article)
Centralising government's tender system will go a long way in rooting out corruption in the public service, President Jacob Zuma said on Sunday.
In an interview with the national broadcaster on Sunday, Zuma told SABC the fight against corruption would be better won when there was a central tender board in place to deal with all tenders. It would also make it easy to police corrupt officials.
Zuma was responding to a question regarding his announcement that government had decided to establish a central tender board to adjudicate tenders in all spheres of government.
He made the announcement during ...(Read Full Article)
The South African trade and industry minister Rob Davies has called on the private sector and consumers to “throw its weight” behind the country’s Buy Local Campaign.
Speaking at the Buy Local Summit and Expo in Ekurhuleni, Davies (pictured) said that both companies and consumers need to “make it their business” to promote and buy locally-produced goods.
“If all of us can take decision to buy locally manufactured products, we can create a more positive future for our country in terms of employment opportunities,” he said.(Read Full Article)
Much emphasis is currently placed on the value of strong relationships between procurement teams and their suppliers. While more sophisticated supply chains have been investing heavily in supplier relationships for more than two decades, it is now much easier to get this right. Doing these 5 things will get you off to a great start.(Read Full Article)
The South African automotive industry is regarded as an integral part of the South African economy. Thus successes and failures in this industry can be used to model solutions in other industries within the South African economy. As with any industry, success is heavily reliant on supply chain efficiencies. To ensure supply chain efficiencies, emphasis needs to fall on strengthening supplier relationships. Last week, a case study on the positive effect information sharing and relationship building had on Honda and Toyota’s manufacturing, proved this case and point. This week a South African case study will be analyzed to determine ...(Read Full Article)
Developing and exhibiting an accomplished range of inter-personal skills has always been one of the key requirements of a leader, particularly so if you are a Chief Procurement Officer (CPO).(Read Full Article)
A survey by consultancy Ernst & Young revealed just 48 per cent of UK firms carry out due diligence on their supply chain, with 30 per cent admitting they had not carried out any checks whatsoever. The survey, which was based on interviews with procurement managers and directors, revealed just 6 per cent of respondents had received notification of unethical activity in their supply chain, while 14 per cent didn’t even know what third party due diligence meant.
Last week CIPS Africa announced the CIPS Competency Evaluation service that will revolutionise recruitment in the Purchasing and Supply profession. The service will help recruiters, both agencies and in-house, to identify the right person for the right job. The process of identifying the most suitable candidates is simplified and accelerated, so ensuring improved efficiency and speed in the recruitment process.
CIPS will aim to co-operate with recruiters, who will use the tool to evaluate the competency of candidates, as part of their normal offering, to clients. Clients that don’t use recruiters can also apply to use the tool which ...(Read Full Article)
The representation of black and minority businesses in the supply chain of South African firms in the liquid fuels sector is in reverse, according to an audit. Oil companies in South Africa have failed to fully comply with the principles of a charter to promote and support black and minority-owned businesses in the liquid fuels sector.(Read Full Article)
CIPS is launching a regional office to bring together its operations in east, west and southern africa. Called CIPS Africa, the move announced today will see the CIPS office based in Pretoria manage the process of bringing together the institute’s 16,000 members across sub-Saharan Africa.The new office will bring together operations in east, west and southern Africa in a move encompassing 16,000 members.(Read Full Article)
The term supplier relationship management sends out the wrong message to vendors, according to a senior buyer at A.P. MøllerMaersk.
“It is not simply a question of procurement managing suppliers. Working with suppliers is a more collaborative effort.”
If procurement doesn’t act as a pipeline for innovation coming from the supply base, a business can die. Or how about another way – if procurement doesn’t listen to suppliers warnings, it can be painfully slow to jump when cracks start to form in the market. When you look at companies that failed, you have to ask: did they listen to suppliers?(Read Full Article)
- It is interesting to see how open innovation has brought a different kind of competition to market leading companies. It is the fight for innovation partners and the strongest innovation ecosystems. In most industries, you have 2-4… (Read Full Article)
Peter Smith recently penned a primer in the area of supplier management, which will be especially useful for those just coming up to speed on the topic and seeking to implement programs to address supply chain risk management and supplier performance management, among other areas. The paper can be downloaded from our research library: Supplier Lifecycle Management: Reduce risk, Improve Performance and drive Supplier Value. Peter frames his analysis by suggesting that the performance of a supplier has a huge impact on an organization's success and will ultimately determine how the procurement function and its leadership will be regarded ...(Read Full Article)
Conversations, not chains. Many organizations still operate by Porter's Value Chain model, where Z follows Y, which follows X. These linear models optimized efficient delivery of a known thing. But this doesn't help us when faster, fluid responses are what we need. Fifteen years ago, The Cluetrain Manifesto taught us that markets are conversations and that was a great starting point. But "conversations" can actually go deeper if you allow them to become central to how you work, rather than leave them on the perimeter of the work. How many companies have figured out how to shift from ...(Read Full Article)
Business has become one of the primary players in structuring the global economy and, by extension, global governance.
With corruption, many business leaders feel like it is something forced on their organization by unscrupulous politicians. But there is both a supply and demand side to corruption. You cannot have a market without both. And business is the supply side.
Every decision to engage in corruption is reinforcing a corrosive and impoverishing practice. Every decision to resist corruption is an effort to forge a new norm for global business.(Read Full Article)
The retailer has launched a system to help it cut cost, waste and risk across its entire supply chain by encouraging its providers to work together.(Read Full Article)