1. Articles in category: Sourcing

    1-24 of 674 // 1 2 3 4 ... 26 27 28 »
    1. 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

    2. 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

    3. 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

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

      Explore MarketSqr Blog (Mar 18 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

    5. 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

    6. 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

    7. 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

    8. 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)

    9. 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

    10. 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)

    11. 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)

    12. 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)

    13. 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)

    14. 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

    15. 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

    16. 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

    17. 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

    18. Treasury calls for reform of public sector procurement, SCM practises

      Explore Engineering News (Feb 4 2015)

      Treasury calls for reform of public sector procurement, SCM practises

      Noting that the South African public sector spent an “enormous” R500-billion on goods and services and construction works in the 2013/14 fiscal period, National Treasury has called for various reforms of government’s strategic sourcing, procurement and supply chain management (SCM) practises.

      (Read Full Article)

      Mentions:   National Treasury

    19. McDonald’s and the Challenges of a Modern Supply Chain

      Explore Harvard Business Review (Feb 3 2015)

      McDonald’s and the Challenges of a Modern Supply Chain

      Recently, McDonald’s, the world’s iconic largest food service provider, has been (forgive the cliché) through the grinder. Poor performance has led to the departure of its CEO and plenty of critical attention in the business pages. Part of this story relates to the provenance, or origins, of its products: Chains that provide more upmarket “fast casual” dining such as Panera, Chipotle, and Steak Shack have brands that speak of freshness, health, and trustworthy sourcing.

      (Read Full Article)

      Mentions:   California

    20. The three roles that CIOs will be asked to take on next includes corporate procurement

      Explore CIO UK (Feb 2 2015)

      The three roles that CIOs will be asked to take on next includes corporate procurement

      It's clear that CEOs recognise the strength of their CIO and are giving them responsibility in other areas of the business.

      Corporate procurement - There has been a steady rise in the percentage of CIOs that take responsibility for procurement and vendor management.  The fact is that IT has always done a lot of sourcing so CIOs generally find themselves well equipped to broaden their responsibilities here.

      (Read Full Article)

    21. The Evolution of Purchasing

      Explore Sourcing Innovation (Feb 2 2015)

      Over the years, purchasing has become more strategy-oriented, rather than transactional. Purchasing professionals have evolved from the processing of traditional purchase orders and similar responsibilities to involvement in higher value and higher impact ROI projects.

      So sit back, buckle up, and get ready to navigate through a number of drastic transformations....

      (Read Full Article)

    22. Navigating The Complex IT Supply Chain

      Explore Procurement Leaders Network (Jan 30 2015)

      Navigating The Complex IT Supply Chain

      The commodity IT market is a challenging one for buyers, with a conveyor belt of products endlessly entering the market.

      Keeping tabs on these new advances is difficult for any buyer with a need to know everything from the impact of future market trends to what will be business critical for them tomorrow.

      (Read Full Article)

      Mentions:   Microsoft

    23. Five ways pitching out creative briefs will kill your brand

      Explore Marketing and Media in South Africa (Jan 26 2015)

      Over the past few years, we have witnessed an ever-growing trend, in which large FMCG brands attempt to generate savings through aggressive procurement policies. In the marketing industry, this means 'pitching out' design projects to as many agencies as possible.

      This may seem sensible when dealing with an apples-for-apples comparison of hardware, or a measurable service, but there are a number of good reasons why pitching out creative design will eventually destroy your brand.

      (Read Full Article)

    24. 4 Key Takeaways From A Recent Hospital Procurement Study

      Explore Medical Equipment Companies (Jan 25 2015)

      4 Key Takeaways From A Recent Hospital Procurement Study

      Medical procurement can be a complex, multifaceted endeavor with many options and factors to consider.  One area to think about is delivery: you need to know where your products will be sent and how they will be setup and installed once they are received at your building.  In order to get the best sense of how your hospital or medical facility should handle this aspect of procurement, consider the results from a recent direct-to-site delivery study conducted by Hospital Associates.

      (Read Full Article)

    1-24 of 674 // 1 2 3 4 ... 26 27 28 »