1. Articles in category: Sourcing

    1-24 of 681 // 1 2 3 4 ... 27 28 29 »
    1. Focusing in on strategic sourcing | by Kate Ferreira

      Explore MarketSqr Blog (May 21 2015)

      Focusing in on strategic sourcing | by Kate Ferreira

      Bespoke will be hosting the 2nd annual Strategic Sourcing event later this month. The event will be divided into seminar and workshop sessions on three consecutive days – 26, 27 & 28 May.

      (Read Full Article)

      Mentions:   Africa   South Africa   KPMG

    2. DTI to focus on compliance as yet more products designated for localisation

      Explore MiningWeekly.com (May 11 2015)

      DTI to focus on compliance as yet more products designated for localisation

      The Department of Trade and Industry (DTI) has announced a further set of product designations for local procurement by the public sector and has indicated that efforts will be stepped up during 2015 to improve compliance across all government departments and State-owned companies (SoCs).

      (Read Full Article)

      Mentions:   Department of Trade and Industry   National Treasury   Rob Davies

    3. Assuring Supplier Risk and Compliance – a 21st century imperative | by Andrew Hillman

      Explore MarketSqr Blog (Apr 24 2015)

      Assuring Supplier Risk and Compliance – a 21st century imperative | by Andrew Hillman

      With increased regulatory scrutiny, continuing cost pressures, active investors, and a vigilant public, businesses today must have a clear understanding of the risks inherent in external business relationships.

      (Read Full Article)

      Mentions:   Procurement Leaders Network   South Africa

    4. The threat of corruption in your supply chain | by Gareth Palmer

      Explore MarketSqr Blog (Apr 24 2015)

      The threat of corruption in your supply chain | by Gareth Palmer

      Research from the United Nations (UN) has shown that corruption is exacting a high cost the world over. By distorting markets, stifling economic growth and undermining laws, it equates to more than 5% of the world's GDP.

      (Read Full Article)

      Mentions:   Turkey   South Africa   China

    5. How to Get Everyone in Your Organization to Act Like a Cpo - Beeline.com

      Explore Beeline (Apr 13 2015)

      Take your organization to the next level of performance by getting everyone to act like a CPO.

      Procurement and sourcing professionals who want to generate value and realize savings for their organizations have their work cut out for them, but it is possible to do it all. You see, getting everyone in the company to think like a chief procurement officer (CPO) will have a direct impact on your organization’s bottom line. Imagine increasing compliance, reducing risk, and realizing cost savings.

      (Read Full Article)

      Mentions:   Ardent Partners

    6. Trusted Advisor, Agility Top Procurement’s 2015 Priorities

      Explore Sniply (Apr 11 2015)

      Being a trusted advisor means having an ironclad grasp of information. So it’s no surprise that procurement executives interviewed by The Hackett Group say they will invest heavily in learning everything about big data. Being seen as an agile performer means having skills many don’t yet have. And so, those same execs report they will renew training and development efforts to close these capability gaps.

      (Read Full Article)

      Mentions:   Hackett Group

    7. Procurement is Top Area of Risk, Consero Survey Reveals

      Explore Supply Chain Management Review (Mar 29 2015)

      When assessing areas of risk facing their departments, nearly half (45%) of Chief Procurement Officers named supplier risk as a top concern, according to a new survey by Consero Group.

      The results were reported as part of the 2015 Global Procurement & Strategic Sourcing Data Survey, compiled by Consero Group.

      “With businesses increasingly relying on third-party suppliers, Chief Procurement Officers are more important to their companies than ever,” said Paul Mandell, Founder & CEO of Consero. “CPOs will need to lead their organizations in thoroughly vetting new suppliers and improving supplier relations, both of which are essential to the efficient sourcing of ...

      (Read Full Article)

    8. The Pressures Facing Procurement on EPC Projects

      Explore Procurement Leaders Network (Mar 25 2015)

      The Pressures Facing Procurement on EPC Projects

      The execution and operation of EPC (Engineering, Procurement, Construction) projects requires close collaboration between procurement and construction.

      For those who manage EPC projects, the ’E’ component generally is the most important, with procurement depending upon decisions made by engineering.The traditional setup dictates that engineering defines the project specifications and quality requirements essential to the successful execution of procurement. If engineering is not properly executed, then procurement fails.

      .

      (Read Full Article)

      Mentions:   Procurement Leaders Network

    9. Top Area of Risk, Consero Survey Reveals

      Explore Supply Chain Management Review (Mar 23 2015)

      When assessing areas of risk facing their departments, nearly half (45%) of Chief Procurement Officers named supplier risk as a top concern, according to a new survey by Consero Group.

      The results were reported as part of the 2015 Global Procurement & Strategic Sourcing Data Survey, compiled by Consero Group.

      “With businesses increasingly relying on third-party suppliers, Chief Procurement Officers are more important to their companies than ever,” said Paul Mandell, Founder & CEO of Consero. “CPOs will need to lead their organizations in thoroughly vetting new suppliers and improving supplier relations, both of which are essential to the efficient sourcing of ...

      (Read Full Article)

      Mentions:   Asia

    10. Setting up supply chain strategies for innovative products

      Explore Forbes India Magazine (Mar 21 2015)

      Setting up supply chain strategies for innovative products

      Companies can develop successful supply chains for most innovative products by following a dual strategy that exploit both the cost advantage of efficient resources and the agility of reactive resources

      (Read Full Article)

      Mentions:   Apple   Sony   Boston

    11. Setting Standards for Mining Sourcing - Anglo American Initiative | by Kate Ferreira

      Explore MarketSqr Blog (Mar 18 2015)

      Setting Standards for Mining Sourcing - Anglo American Initiative | by Kate Ferreira

      This standard-setting work from Anglo American is now informing an industry-wide programme through a partnership with the Chamber of Mines. “Anglo were the first to start doing this, but what we found as we engaged with other mining companies like Anglo Gold Ashanti is that they were also starting something similar,” says Ramlochan.

      (Read Full Article)

      Mentions:   South Africa   BHP Billiton

    12. Calculating Procurement Savings – Strategic Procurement | by Dion de Gruchy

      Explore MarketSqr Blog (Mar 18 2015)

      Calculating Procurement Savings – Strategic Procurement | by Dion de Gruchy

      Most companies Enterprise resource planning (ERP) systems do not have the capability to track procurement savings. Those companies, who do attempt to track savings, mostly use Excel spreadsheets to report savings. Besides being a manual and time-consuming process, there is often no standard method for this calculation.

      (Read Full Article)

      Mentions:   America   Africa   China

    13. The Most Important Skills For Future Procurement Chiefs

      Explore Procurement Leaders Network (Mar 3 2015)

      The Most Important Skills For Future Procurement Chiefs

      Procurement is changing, there is no denying that. But as the function changes what skills will the CPOs of the future need to help them make a difference to the business?

      The procurement function and those that work within it are evolving. No longer does procurement just ’buy the paper clips’. Yes, it saves money but the function also seeks out and develops new groundbreaking innovations and works to reduce risk in the supply chain among many other things.

      (Read Full Article)

      Mentions:   Procurement Leaders Network

    14. Vendor audits: Are they worth the effort and expense?

      Explore supplymanagement.com (Mar 2 2015)

      Vendor audits: Are they worth the effort and expense?

      From briefcases of cash to payments through complex structures, the use of dummy, shell or offshore companies and kickback-factored contracts, the manners in which monies are siphoned out of companies are increasingly creative and difficult to trace.

      Many companies have been fined for improper payments made by their vendors (on their behalf) through a myriad of fraud and corruption schemes where supply chains are exploited.

      Often the initial reaction from companies is vendor audits are expensive, difficult to conduct,

      - See more at: http://www.supplymanagement.com/blog/2015/03/vendor-audits-are-they-worth-the-effort-and-expense#sthash.Las31Q7N.dpuf

      Vendor audits: Are they worth the effort ...

      (Read Full Article)

    15. Burma, Bangladesh and Cambodia have world's lowest labour costs

      Explore supplymanagement.com (Feb 24 2015)

      Burma, Bangladesh and Cambodia have world's lowest labour costs

      Burma, Cambodia and Bangladesh have topped an index of the world's lowest labour costs. Businesses with supply chains and operations in Burma, Bangladesh and Cambodia are benefiting from the world’s lowest labour costs, according to a new global ranking.

      (Read Full Article)

      Mentions:   France   Italy

    16. Why Mobile Applications Will Be a Boon for Events Management in 2015

      Explore cporising.com (Feb 23 2015)

      The marketing function has evolved significantly over the years, so much so that it is difficult to pinpoint the moving target that is its focus during any point in time. However, as company brands shift towards new consumers and markets, and outward messaging is delivered by fresh and exciting means, the ultimate goal of marketing will never truly be altered: drive more business and drive more individuals towards the enterprise’s products and services.

      The world of meetings and events management, like its “showrunner” in marketing, has also experienced dramatic changes over the past few years.

      (Read Full Article)

    17. Spend Under Management - What does that even mean?

      Explore Procurious (Feb 19 2015)

      Spend Under Management - What does that even mean?

      When we as procurement people look internally and attempt to analyse the performance and effectiveness of our own function – ‘spend under management’ is normally the metric we turn to and I’m not convinced this is a smart move.

      I’m not going to argue that a procurement team that actively manages a large part of its spend is not positioning itself for success, that logic is sound. But, I do feel the spend under management metric (in its current interpretation) is a little misleading.

      (Read Full Article)

    18. Manage the Impact of Commodity Price Swings on Your Business

      Explore World's Largest Professional Network (Feb 16 2015)

      Manage the Impact of Commodity Price Swings on Your Business

      A couple years ago KRM conducted a study to determine how the cost structure of manufacturers and food processors has been changing since 2003. The study uncovered three fundamental shifts. Leaders who understand these shifts will be empowered to position their companies to better compete in the marketplace. This article freshens up the study and includes more solutions to tackle the problem caused by the changing landscape. We shed new light on ...

      (Read Full Article)

    19. SA 2015 Budget in the Spotlight - Impact on Procurement | by Kate Ferreira

      Explore MarketSqr Blog (Feb 13 2015)

      SA 2015 Budget in the Spotlight - Impact on Procurement | by Kate Ferreira

      On 25 February 2015, South Africa's Finance Minister Nhlanhla Nene gave his first full budget speech since taking up the position. The minister faced a hard task – reducing the budget deficient and balancing the needs of a developing country in a time of reduced economic growth.

      (Read Full Article)

      Mentions:   Africa   South Africa   KPMG

    20. Events teams not working closely with procurement departments

      Explore citmagazine.com (Feb 10 2015)

      Events teams not working closely with procurement departments

      When polled, only 4% of the audience at the ‘Procurement – challenges and opportunities in 2015’ session claimed to view the procurement department as a "friend".

      The panel, lead by Sasha Frieze, managing director of The Business Narrative, cited possible reasons for the lack of a close relationship between the procurements department and the events team, including the idea that events teams want to work more independently and make their own choices about suppliers, and sometimes feel like new processes are forced upon them.

      However, the panel agreed it was important to develop a better relationship between the procurement and events ...

      (Read Full Article)

    21. Do Category Managers Know What Your Business Really Needs?

      Explore Procurement Leaders Network (Feb 10 2015)

      Do Category Managers Know What Your Business Really Needs?

      The first—and arguably most overlooked—opportunity to improve procurement decisions is to take the time to understand and challenge what the business needs. As a category manager, this may seem obvious to you, but I invite you to step back, take a deep breath, and consider asking different questions.

      (Read Full Article)

      Mentions:   Ghana

    22. Swords to dinosaurs: Meet the Google of public procurement

      Explore Home - Good News from Finland (Feb 10 2015)

      Swords to dinosaurs: Meet the Google of public procurement

      The database of Oppex includes more than 3.5 million public sector tenders and more than a million are added every year. The company believes it is already the world’s largest source of tenders.

      Sometimes it takes being boring to be successful. This is what Ville Heinonen and Mikko Lehmuskoski have found after co-founding Oppex, the “world’s largest source of public procurement notices”.

      Public procurement is a totally boring area for a startup which is exactly why we thought there must be something great about it,” says Oppex CEO and Co-Founder Ville Heinonen with a laugh.

      In practice ...

      (Read Full Article)

      Mentions:   Germany   Google   Poland

    23. Purchasing – The Function that Buys the Pencils?

      Explore Home | SUPPLY CHAIN MINDED (Feb 9 2015)

      That was the question asked of me by a CEO of a large multinational corporation. I was sitting next to him at a dinner event, looking forward to talking about how I was working to develop capability within his procurement team. “Ah Procurement… the function that buys the pencils” he said.

      I replied, “No, the function that that could make a dramatic contribution to your bottom line but one that needs your full support to do so.” The problem here is not just a CEO who is out of touch with his organization but rather a common and inhibiting mindset ...

      (Read Full Article)

      Mentions:   Apple

    24. Supply Chain and Single Source Suppliers

      Explore Home | SUPPLY CHAIN MINDED (Feb 5 2015)

      Supply Chain and Single Source Suppliers

      Supply chain management fosters strategic alliances along with operational efficiencies to differentiate itself from other companies.   Raw material sourcing is one of these opportunities to minimize risks, reduce operating expenses and ensure continued operations in the face of a supply chain disruption. Single suppliers present companies a chance to reduce procurement expenses through material cost reductions and volume discounts. However, procurement with a single provider has attached to it significant risks such as higher costs and lower profits due to supplier disruptions.

      (Read Full Article)

      Mentions:   Nokia

    1-24 of 681 // 1 2 3 4 ... 27 28 29 »