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Articles in category: Sourcing
Taking the long view on environmental sustainability can seem somewhat remote from the day job of most people working on the front lines of procurement and supply chain. However, embedding this thinking into business strategy and management has never been more important to improving resilience and competitive advantage. Labour productivity and cost has improved over the past decades thanks to ICT, mechanisation and moving production to low-cost countries.(Read Full Article)
We introduce the idea that there are four primary “pillars” that mark the foundation of the modern strategic sourcing program – spend analysis, sourcing, contract management, and supplier performance management. All four are critical sub-processes of strategic sourcing that, when automated, can elev.ate a sourcing team’s performance and that, when connected, can transform an entire operation(Read Full Article)
The West African nations – named the 'Cotton-4' by the World Trade Organization (WTO) – are seeking cuts in subsidies and tariffs to allow them to compete internationally and for other nations to “slash policies that distort markets” as part of WTO trade negotiations. Weaker demand from China and more stock on the market has led to a recent fall in cotton prices. In October, the fibre was trading at 155.07 cents/kilo, whereas three months ago it was 184.4 cents/kilo.(Read Full Article)
"Savvy” procurement saved the BBC more than £70 million on goods and services this year, a report into the broadcaster's efficiency has stated. Total category spend of £655 million across 11 ...(Read Full Article)
Despite the virtues of the global economy, production has now outstripped planetary boundaries and the environment is now contending with mass-scale pollution. Decades of effort focused on sustainability and corporate responsibility initiatives have struggled to make a difference. One area that could have a significant impact on our sustainability is how we think about “goods” and what constitutes a modern supply chain.(Read Full Article)
EACH year Pick n Pay procures about R40bn of fresh-food products from South African suppliers, David North, the group executive of strategy and corporate affairs at the retailer, said on Wednesday.
Retailers are constantly striving for balance between having world-class global offerings without compromising local procurement responsibilities. Like consumers elsewhere in the world, South African customers prefer to buy a food product if it is produced locally.(Read Full Article)
New platforms are evolving that allow companies to verify and monitor their suppliers for conflict minerals and human rights abuses. Source Intelligence’s CEO explains how his platform works and is evolving.(Read Full Article)
Supply chain and logistics software and technology provider JDA Software Group Inc. and technology bellwether IBM announced last week they are collaborating to provide shippers with an integrated omni-channel supply chain that will enable shippers to make smart real time sourcing decisions and provide customers with the best buying experience possible(Read Full Article)
UK-based Future Purchasing is a specialist procurement consultancy. This month they published the results of their 2014 global survey in Category Management, which shows that there are massive improvements still to be made in this area.(Read Full Article)
Thandi Marah has worked at Eskom for 18 years and been in supply chain for over a decade, but she fell into procurement by default, she jokes. “Sometimes(Read Full Article)
organisations struggle with succession planning. My boss at the time left and they didn’t know what to do, and I was there and able to step in..."
Your working life might not be a bed of roses but it shouldn’t be a waking nightmare either. Thankfully, we can learn from our own mistakes and those of others, as the sourcing function and its practioners continue to professionalise. Avoid the following pitfalls to keep e-sourcing project nightmares at bay.
A procurement boss’ time is at a premium but by placing themselves at arms-length of day-to-day procurement negotiations they stand a chance to focus on more strategic issues, give their team a confidence boost and help work through any impasses.
It may sound like sacrilege to a weathered procurement professional but perhaps one of the most effective things you can do as a CPO during supplier negotiations is to remove yourself from the day-to-day process of it.
Category managers require a breadth and depth of visibility into supply markets unlike that of their corporate brethren. At a high level, they need to have significant supply market knowledge in order to ensure that they’re effectively managing and advising the enterprise stakeholders on the best way to source, procure, use, and manage specific categories and commodities.(Read Full Article)
Shell Supplier Diversity is introducing a new strategy and technology to create efficiencies while helping potential suppliers interested in doing business with Shell. The new Shell Diverse Supplier Pipeline Management System, which Shell developed, will make the sourcing process more transparent and easier for Shell Supplier Diversity to identify current opportunities for minority business enterprises (MBEs), women-owned business enterprises (WBEs) and Small Business Enterprises (SBEs).
The system will also track the progress made by diverse businesses introduced to Shell stakeholders.(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)
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.
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)
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 ...
Innovation may require investment and progressive thinking but it gets the attention of the business and is a crucial step in maintaining a competitive procurement function.
Today the procurement function faces a longer list of tougher challenges than ever before. Long gone are the days when a CPO could get cost savings targets signed-off and then put his or her feet up.
As a two-year grace period soon expires, thousands of U.S. corporations are still scrambling to overcome severe obstacles to gather and authenticate a complex web of supply chain information to meet conflict minerals reporting requirements.
“In our analysis of Securities and Exchange Commission filings this year and through our detailed ongoing observations, far too many companies are severely lagging in getting commitments from suppliers to provide detailed information,” said Jess Kraus, CEO of Source Intelligence. “This is a huge obstacle, especially since we are fast approaching a key stage in Dodd-Frank – audited and verifiable reports on source materials.”(Read Full Article)
As we enter the final quarter of the year, CPOs will be budgeting new cost savings to be realised during 2015. But rather than focusing on strategic sourcing, they must turn their attention to taking control of their organisation’s maverick buying as a powerful source of new savings.(Read Full Article)
Not everyone has a knack for strong communication. We live in a technology-driven world where instant messages, emails, and text messages drive most of our conversations
We never used to think that much about risk in supply chains. Those were the days when most manufacturing was domestic or products were purchased from one or two international factories that we monitored closely. But oh, have things changed!
Now risk management is an important function within most supply chain organizations. Global supply chains have become longer, stretching worldwide; and with every stretched link comes the potential for a weak spot and additional risk of failure.
As a result, managing risk of failure in supply chains has become a hot topic. With events like 9-11, the Japanese tsunami, the ...(Read Full Article)