1. Articles in category: Value creation

    1-24 of 350 // 1 2 3 4 ... 13 14 15 »
    1. Govt Invests More in Research, Innovation

      Explore allAfrica.com (Jul 10 2014)

      Govt Invests More in Research, Innovation

      Science and Technology Deputy Minister Zanele kaMagwaza-Msibi says her department will invest more in research and innovation to ensure that the country produces more scientists and engineers.

      Speaking to SAnews shortly after briefing Parliament's Portfolio Committee on Science and Technology on Wednesday, the deputy minister said these areas needed special attention to ensure that the country moves towards improving the lives of people by investing in the knowledge economy.

      (Read Full Article)

      Mentions:   South Africa   Cape Town

    2. Accounts Payable and Procurement Collaboration: Two Hearts Beat as One

      Explore cporising.com (Jul 9 2014)

      Historically, AP and procurement teams have operated in business silos; each responsible for certain parts of the procure-to-pay (P2P) process, but rarely cooperating as true teammates. Perhaps it’s because they come from two different worlds (one financial, one more operational), frequently leverage different technologies and solutions, often have different priorities for the organization, measure success differently, and report to different bosses that they don’t collaborate more than they do. But the fact is that they should – they co-manage a single process and can both benefit from greater collaboration

      (Read Full Article)

    3. Negotiating with Bullies

      Explore Supply Chain Management Review (Jul 7 2014)

      Negotiating with Bullies

      It makes no sense to waste your time and valuable resources on unprofitable and unreasonable customers. 

      My students were desperate for strategies and tactics to help them out of these “price reduction only” discussions with their customers and broaden the conversations.  We worked hard to develop some effective strategies for negotiating with buyers and bullies who focus on price only.  These include:

      1. Every time a customer asks for another price reduction, suggest trading for something in return. Ask for something of value back such as move volume, another division, another project.  Never concede, always trade.
      2. Keep opening the ...

      (Read Full Article)

      Mentions:   Japan   Asia   China

    4. The six crucial elements of successful change management

      Explore supplymanagement.com (Jul 7 2014)

      Having the right frame of mind and utilising data and facts are two of the key ingredients for successfully driving transformationSpeaking at a CIPS member event in London last week, Toby Munyard, partner at procurement consultancy Efficio explained the six elements of effective change management. These were:

      Data and facts. “This is probably the one thing that gives you an ability to be able to have a discussion,” said Munyard.

      (Read Full Article)

    5. Renault-Nissan Alliance saved €1 billion through joint procurement last year

      Explore supplymanagement.com (Jul 3 2014)

      The procurement function of the Renault-Nissan Alliance generated €1.036 billion (£824 million) savings in 2013.

      Purchasing, which is jointly managed by the Renault-Nissan Purchasing Organisation, was the biggest contributor for cost reductions, cost avoidance and revenue increases last year.

      Overall, the Alliance posted record “synergies” of €2.87 billion (£2.3 billion) in 2013, up from €2.69 billion (£2.1 billion) in the previous year. It explained that only new synergies – not cumulative synergies – are taken into account each year.

      (Read Full Article)

    6. State’s infrastructure spending remains too slow

      Explore BDlive (Jul 3 2014)

      State’s infrastructure spending remains too slow

      IF THE private sector is to invest more, the public sector must start delivering on its own investment programme.

      As President Jacob Zuma reminded us in his recent state of the nation address, the public sector has spent more than R1-trillion on new infrastructure over the past five years, and it has committed to spend a further R847bn over the next three years.

      In theory, that should be lifting constraints on growth and encouraging private businesses to start investing to expand their own enterprises.

      (Read Full Article)

      Mentions:   South Africa   Transnet   Eskom

    7. Mpumalanga to create 390 000 work opportunities by 2019

      Explore Polity.org.za (Jun 27 2014)

      Mpumalanga to create 390 000 work opportunities by 2019

      The Mpumalanga provincial government is expected to create 390 000 additional and sustainable work opportunities by 2019, says Premier David Mabuza.

      “Over the next five years, we will target economic growth that is above 5% per annum and such economic growth will be expected to create approximately 390 000 additional and sustainable work opportunities by 2019,” he said during his State of the Province Address, on Friday.

      (Read Full Article)

      Mentions:   Mpumalanga

    8. ‘Alstom should be a good investment’

      Explore iol.co.za (Jun 23 2014)

      ‘Alstom should be a good investment’

      France will be making a sound investment by taking a stake in Alstom, its chief executive said on Monday, adding however that the government would be buying in too late to have a say in the use of proceeds from its tie-up with General Electric.

      France won an option to buy 20 percent of Alstom from conglomerate Bouygues on Sunday, in an eleventh-hour deal clearing the way for the agreed sale of most of Alstom's energy business to GE.

      (Read Full Article)

      Mentions:   Paris   France

    9. Walmart puts faith in SA's future

      Explore BDlive (Jun 22 2014)

      Walmart puts faith in SA's future

      SPENDING a week recently in the US city of Bentonville, Arkansas, to attend Walmart’s shareholders’ meetings, underscored why the company’s investment in South Africa three years ago when it bought a majority stake in Massmart (which I now chair) was a resounding vote of confidence in South Africa that ought to be leveraged to the maximum.

      To give a sense of what the investment meant, consider that Walmart is the largest single company on the planet.

      (Read Full Article)

      Mentions:   Walmart   Africa   Japan

    10. Xoomworks expands into African market

      Explore MarketSqr Blog (Jun 19 2014)

      Xoomworks expands into African market

      The South African options for consulting in procurement and supply chain are expanding steadily. The latest entrant, Xoomworks, recently announced taking a foothold in the African market through the establishment of Xoomworks South Africa.  The new consulting practice was created in conjunction with Gauteng-based The Supply Chain Partnership.  In a market where the pool of procurement and supply chain talent is constantly under pressure, this new addition is good news for procurement organisations targeting large transformation initiatives or strategic sourcing events.

      (Read Full Article)

    11. Zuma unveils new plans to tackle growth-sapping labour, power problems

      Explore Engineering News (Jun 17 2014)

      Zuma unveils new plans to tackle growth-sapping labour, power problems

      President Jacob Zuma placed the growth-sapping issues of labour instability and electricity insecurity at the centre of his post-election State of the Nation address to lawmakers on Tuesday night. He also used the platform to announce a series of new interventions, ranging from a study into the institution of a minimum wage, through to the development of better housing in mining towns and the creation of a Cabinet subcommittee to tackle the country’s energy challenges.

      (Read Full Article)

      Mentions:   IMF   South Africa   World Bank

    12. Time To Unlock Savings On Indirects

      Explore Procurement Leaders Network (Jun 13 2014)

      It’s time to get direct about indirect: businesses are leaving millions on the table. Indirect spend can represent up to 20-30% of revenues and you can expect to save 10-30% on spend through ’excellent’ procurement, but this requires the right mix of technology, people and processes.

      In order to make the most of this opportunity, teams need to step up in these areas:

      Technology

      The focus with indirect procurement is often on procurement technology. Yet, there’s another, deeper level of specialized category tools that can provide an even stronger level of savings and quality service opportunities. Companies must ...

      (Read Full Article)

    13. Procurement In 2025: Transparency

      Explore Procurement Leaders Network (Jun 10 2014)

      Procurement In 2025: Transparency

      In this latest in a series of posts, Procurement Leaders once again invites Ernst & Young’s Carlos Alvarenga to evaluate what might be some of the key levers for the function, a decade in the future.

      The last 10 years have seen the rise of two seriously disruptive, and deeply related, social phenomena. The first is the arrival of social technologies, such as Twitter, Facebook and the iPhone. The second is the decreasing importance that most people (but especially the under-20s) are placing on personal and institutional privacy.

      (Read Full Article)

      Mentions:   China   Ernst & Young

    14. South Africa's Green Rush

      Explore PR Newswire (Jun 6 2014)

      South Africa's Green Rush

      Business leaders surveyed by AT Kearney, the global management consultancy, have more confidence in South Africa as an investment destination than they do in many western European countries and emerging powerhouses like Chile and Malaysia.

      One reason is Pretoria's much lauded renewable energy program which in the view of London-based risk analysts IHS has made South Africa "the world's most attractive country for solar energy" investment. Since late last year, a growing parade of solar and wind power projects has begun feeding hundreds of badly needed megawatts into South Africa's national grid.

      (Read Full Article)

      Mentions:   Washington   Africa   South Africa

    15. 5 'Hows' To Improve The Perception Of Procurement

      Explore SmartProcurement.co.za (Jun 4 2014)

      5 'Hows' To Improve The Perception Of Procurement

      Why does procurement struggle with its visibility or status in the organisation? There may be many reasons. The procurement function may have:

      • not aligned itself with the organisation’s strategy and goals;

      • not identified its most important stakeholders;

      • not taken relationship building seriously; or

      • failed to establish its identity and credibility through results.

      (Read Full Article)

    16. 2014 Procurement Key Issues

      Explore purchasinginsight.com (May 30 2014)

      2014 Procurement Key Issues

      The 2014 Hackett Key Issues report on procurement priorities reveals some interesting trends and it’s backed up with some highly insightful statistics and analysis. The headline issue is the most interesting. The report shows that cost saving, as a driver for procurement, is diminishing in importance compared to a more strategic agenda. That might be news to some but it confirms what many of us have known for some time.

      (Read Full Article)

      Mentions:   London   Hackett Group

    17. Procurement in 2025: Innovation

      Explore Procurement Leaders Network (May 28 2014)

      Procurement as the source of operational skill and innovation — will increase dramatically in the coming decade, because the use of outsourcing and specialized partnering will continue to increase.

      In this latest in a series of posts, Procurement Leaders once again invites Ernst & Young’s Carlos Alvarenga to evaluate what might be some of the key levers for the function, a decade in the future.

      (Read Full Article)

      Mentions:   Ernst & Young

    18. Three Pillars of Procurement Investment | by Gareth Palmer

      Explore MarketSqr Blog (May 27 2014)

      Three Pillars of Procurement Investment | by Gareth Palmer

      Procurement managers often struggle to balance their investments in procurement infrastructure. Given limited budgets, leaders must make hard choices, or even spread their investments, between investments in process, people, and tooling.

      (Read Full Article)

      Mentions:   Africa

    19. SABMiller upbeat on savings plan’s success

      Explore BDlive (May 23 2014)

      SABMiller upbeat on savings plan’s success

      SABMILLER will save about R5.2bn a year by 2018 through its programme to create a group-wide business services unit and a centralisation of various back office functions, the company said on Thursday after the release of its full-year results.

      CEO Alan Clark said SABMiller’s initial programme to leverage its "global skill and scale to better effect", had resulted in annual cost savings of almost $500m — "significantly ahead of our original $300m target".

      (Read Full Article)

      Mentions:   Africa   Kagiso Asset Management

    20. SABMiller sets new savings goal

      Explore iol.co.za (May 22 2014)

      SABMiller sets new savings goal

      Global brewer SABMiller announced a new cost-savings target on Thursday to help cushion it against difficult trading in a range of markets, sending its shares higher as investors anticipated a consequent boost to earnings.

      (Read Full Article)

      Mentions:   London   Zambia   Zimbabwe

    21. Investors are lining up to back Africa despite all the bad talk

      Explore BDlive (May 18 2014)

      Investors are lining up to back Africa despite all the bad talk

      AFRICA is getting a far higher share of global foreign direct investment (FDI) than ever, even though investment flows around the world have slowed.  On the continent, sub-Saharan Africa is now the preferred regional destination as North Africa’s attractiveness has waned.

      These are two of the most important findings of the fourth Africa Attractiveness Survey compiled by global consulting firm EY.

      (Read Full Article)

      Mentions:   India   Africa   Asia

    22. People – Money – Data = Innovation

      Explore 15inno by Stefan Lindegaard (May 14 2014)

      Those are the key ingredients for innovation in the financial services industry according to Rick Smyers, VP for Accelerated Innovation at Fidelity Investments.

      Smyers was giving a talk at the Front End of Innovation conference, where I asked him about his views on the differences and similarities between the financials services industry and other industries such as cars, medtech and fast-moving-consumer-goods.

      (Read Full Article)

    23. Procurement In 2025: Sustainability

      Explore Procurement Leaders Network (May 1 2014)

      By 2025 procurement functions will be asked to move beyond cost management and to create economic and social value. This change will be a consequence of the generational shift in the understanding of sustainability that will take place as the last of the ’Baby Boomers’ retire.

      In this latest in a series of posts, Procurement Leaders once again invites Ernst & Young’s Carlos Alvarenga to evaluate what might be some of the key levers for the function, a decade in the future.

      (Read Full Article)

      Mentions:   Ernst & Young

    24. SABMiller saving costs for tough trade

      Explore fin24.com (May 1 2014)

      SABMiller saving costs for tough trade

      Global brewer SABMiller announced a new cost-savings target on Thursday to help cushion it against difficult trading in a range of markets, sending its shares higher as investors anticipated a consequent boost to earnings.

      The maker of Miller Lite and Peroni beers is struggling to grow in Europe and North America - like many consumer goods companies - and new revenues from an emerging middle-class in developing markets have been dented by weak currencies in many of those countries of late.

      (Read Full Article)

      Mentions:   Reuters   London   Zambia

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