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Articles in category: Value creation
The terms "big data" and "analytics" are widely used but often are not clearly defined. The explanations presented in this Supply Chain Quarterly article is the best summary we have seen to help managers understand what these concepts really mean and how they can use them to improve their supply chains.
This is not breaking news but we thought our community will benefit from this information.(Read Full Article)
Whatever option firms choose, they need to clearly understand the problem, work on it across functions, and think analytically and outside the box. This is a high-risk option, but it can transform a company’s prospects. Firms have essentially two paths: They can bring in a supplier from an adjacent market or vertically integrate to become their own supplier. This is the easiest approach.(Read Full Article)
Andre Coetzee is the managing director of CIPS Africa, a man who needs little introduction within the supply chain and procurement industry locally.(Read Full Article)
Shantell Mackay is the Group Manager for Procurement at Clover. Mackay says she took a roundabout route into the industry, via marketing and sales, security and risk management, until finding herself in performance and reporting in Transnet.(Read Full Article)
Decision-makers in procurement have often been quick to look to software to offer a quick solution to a problem. But sometimes, that approach mirrors the short-termism that infects much of business by ignoring the value that comes from using technology to enable, rather than marginalise suppliers.(Read Full Article)
At the moment, this technological evolution is being felt within the consumer packaged goods (CPG), manufacturing, technology, and utility companies more than other industries. For Chief Procurement Officers and other supply management leaders, it will underscore the importance of collaborating with and influencing key internal and external stakeholders throughout the source-to-settle process. With 2015 here, now is the time to understand how.
Innovation and Automation Drive Enterprise Collaboration(Read Full Article)
A Hackett Group report says procurement will focus on three main transformational areas in 2015: cultivating the function’s role as a trusted advisor; investing in next-generation training and development and harnessing big data.(Read Full Article)
Very few companies have an active strategy towards procuring in Africa. I wonder why, because Africa is one of the worlds largest and fastest growing marketplaces both when it comes to need and opportunity. Many procurement professionals are resisting the temptation.(Read Full Article)
Provides guidance on how procurement specialists can use NLP (Neuro Linguistic Programming) to improve their communication skills and their ability to influence stakeholders and suppliers.(Read Full Article)
Will this be the year procurement finally evolves from its “cost center” image to one that will gladden the hearts of corporate CFOs worldwide? Researchers at the IBM Institute for Business Value (IBV) think so, and present a compelling argument that change in perception is well underway.
In “The journey to value – Transforming procurement to drive the enterprise agenda,” IBM reveals how it worked with The Economist Intelligence Unit (EIU) to obtain management feedback on the current state of procurement. While most of the answers were hardly startling, a new pattern is clearly emerging in the global marketplace(Read Full Article)
Pretoria - South African and Indian companies should take advantage of the growth and economic development in each other’s countries, says Trade and Industry Deputy Minister Mzwandile Masina.
“There are great opportunities offered by both countries to be explored in manufacturing, agriculture and infrastructure development. Telengana, as a new state, has a massive infrastructure plan that our companies could take part in and collaborate with the local Indian companies,” said the Deputy Minister.
CPOs are contributing real value to the organization. Is this really true?
If a new CPO study from IBM’s Institute for Business Value is to be believed, it’s actually starting to happen. The firm surveyed just over 1,000 companies – a sampling that was exceeded only by IBM’s study from the prior year, according to author and research lead Steve Peterson. All of the respondents were companies with annual revenues of $1bn or more.
Project management methodologies are built upon structures that review and report progress, provide direction and represent the business. By establishing an organisational structure, with senior management representation and a governance board effective management of the procurement activity in line with the corporate expectations is enabled.(Read Full Article)
Zimbabwean entrepreneur Vuyo Sakala has always dreamed big and wanted to develop and provide great products and services for Africa. After studying Architecture in Australia, and noticing the lack of information he had access to about what was happening back home in Zimbabwe and the rest of the African continent as a whole, he came up with the idea of designing and building five regional information portals that would cover the continent; one each for north, south, east, west, and central Africa.(Read Full Article)
Procurement is often a company’s biggest cost item, in some industries accounting for as much as 80% of total costs. And it is often one of the first areas companies target for cost savings. However, when companies set out to gain those benefits, they often find themselves face to face [...](Read Full Article)
- 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)
[This Day]Promoters of the SmartCity Innovation Hub technology project have promised to create 50,000 direct employments in the next five years. The hub is designed to promote economic diversification and to move the country towards a knowledge-based economy.
The project is a bold move to bring together technology, government and society in ways that promote the culture of innovation and the competitiveness between allied businesses and knowledge-based institutions.(Read Full Article)
Trade facilitation, defined as the simplification and harmonisation of international trade procedures with the objective of minimising obstacles to the movement of goods across borders,(2) is high on the global trade agenda.
The elimination of trade restrictions in the form of institutional and regulatory reform and improved customs and port efficiency is particularly pertinent to the African region, which, though relatively open with a trade-GDP ratio of 55.7% in 2009, currently accounts for a paltry 3% of global trade.(Read Full Article)
There’s a right way and a wrong way to do everything. Bullying suppliers into slashing their prices, as alleged in this report last week, is the wrong way to control costs. While the report concerns a UK company in the retailing industry, the practice of bullying is in no way restricted to that industry or country. US automotive manufacturers were notorious in the past for their hardball tactics with suppliers, though today they see the value of collaboration. Some miners in North America were bringing heavy pressure on suppliers to slash prices last summer.(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)
Does your procurement/supply management department have a truly strategic role in your company? Does it get invited EARLY on new initiatives, new projects, acquisition evaluations, new plant sites, etc.? Or, is your department generally involved at the stage when some paperwork needs to be taken care of?(Read Full Article)
ONE of the country’s most experienced corporate leaders, Mark Lamberti, says South Africa’s problems are structural, not cyclical — and turning things around will take time.
The CEO of Imperial Holdings, the R100bn-a-year logistics and industrial services company, is determined to be optimistic about South Africa’s chances no matter what — and walks out of dinner parties if the talk is too downbeat.
But, he says, urgent action is required. If the government does not “hammer away” at the National Development Plan(Read Full Article)
The who’s who of African procurement descended on the Premier Hotel OR Tambo on 30 October for the CIPS Pan African Procurement Awards 2014. The prestigious annual event is run by The Chartered Institute of Procurement and Supply (CIPS) and in association with State Owned Enterprise Procurement Forum (SOEPF).(Read Full Article)
Think of the exorcist: I bet what you come up with is a far cry from the corporate world of suits and boardrooms. But when we talk of a function undergoing somewhat of a transformation, the strange parallels become clear.
80% of banks now partner with current suppliers for innovation, according to the latest Innovation in Retail Banking study, put together by Efma and Infosys, and the growing presence of start-up partnerships in the supply chain is now well documented.