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Articles in category: Electronic & High Tech
More and more business decisions are being made based on data analytics, but is this killing off a buyers nose for a good deal?
Data is in vogue. It is being used everywhere and for everything. In sport every single thing an athlete does from their heart rate to their passing and shooting accuracy is measured and analysed while in business, and procurement in particular, the performance of staff, products and suppliers are all monitored and scrutinised to the nth degree.
JP Morgan Chase. Target. Sony. Each has been part of the growing number of cyber-attacks against private companies around the world in recent years. In the latter two cases, CEOs were forced to resign in the wake of the breach. Attacks are growing more sophisticated and more damaging, targeting what companies value the most: their customer data, their intellectual property, and their reputations.(Read Full Article)
TELKOM and Cell C both face significant upheaval in the short term — much more so than their rivals MTN and Vodacom.
How the two companies adapt to the changing market will have a dramatic impact on South Africa’s telecoms sector and, ultimately, on the services that consumers receive and the prices they pay.
Let’s start with Telkom. This week, South Africa’s fixed-line operator announced its biggest restructuring in years.(Read Full Article)
- The Communication Workers Union will embark on mass action against Telkom's imminent retrenchments, it said on Wednesday.
"We shall use anything at our disposal, including but not limited to unleashing the organised might of our members through rolling mass action to register our dissatisfaction, and force the hand of an irresponsible, inconsiderate and intransigent Telkom management," the union said in a statement.
The union called on Telkom to withdraw all retrenchment notices sent to affected workers. "Unilateral decision-making by Telkom management from their air-conditioned ivory towers can no longer be tolerated."(Read Full Article)
TELKOM said on Monday it would restructure four areas of its business as part of its continuing cost-reduction programme aimed at, among other things, cutting billions of rand in costs and improving customer service.
The latest restructuring may lead to a number of job losses. It also comes two months after the job contracts of 480 call-centre contract workers were terminated.
Telkom said the latest restructuring will focus on the call-centre operations, some Telkom Direct Stores, the information and technology (IT) legacy systems and internal printing operations, and supply chain and properties.
The poll of 330 purchasers of the technology by research organisation Gartner found 60 per cent said high acquisition costs had delayed their adoption of the technology “While the technology is already in use across a wide range of manufacturing verticals from medical to aerospace, costs remain the primary concern for buyers," said Pete Basiliere, research director at Gartner.(Read Full Article)
Given IBM’s earnings miss last week and the impact it had on company shares I thought rather than just criticizing the company it might make better sense to consolidate my ideas for how to fix IBM. Here they are.
Early in his tenure as CEO, Sam Palmisano made changes that created IBM’s problems today. IBM customers are buying fewer products and services. Revenue has dropped each quarter for the past ten.(Read Full Article)
Recent research from The Hackett Group claims that procurement’s ability to generate big savings is declining dramatically. Despite what you might think, that’s good news.
It’s not that savings are unimportant. Of course, they’re important, and they always will be. They are a large part of what organizations expect from procurement. But, as every CPO knows, they aren’t the only things procurement can provide.
For example, in manufacturing companies, procurement can identify suppliers who can suggest alternatives to new product designs that can accomplish the design intent more cost effectively.
(Read Full Article)
Total cost of ownership (TCO) analysis was popularised by the Gartner Group in the late 1980s to assist clients in quantifying the financial impact of deploying IT products. A decade later, McKinsey applied the TCO approach to asset intensive industries in South Africa(Read Full Article)
Samsung Electronics said it halted business with a supplier in China over suspected use of child workers, the first time it has taken such a step, after criticism that its monitoring of labour practices at suppliers was inadequate.
The decision, announced on Monday, comes less than a week after US-based China Labour Watch said it found "at least five child workers" without contracts at the supplier and called Samsung’s monitoring process to halt such practices "ineffective."
Samsung, the world’s biggest smartphone maker, said it conducted three audits since last year of the supplier, a wholly owned subsidiary of ...(Read Full Article)
We're all familiar with software licenses. It's the bit you ignore when installing a new program, right? But what's less understood is the difficulty they cause for businesses. New research by IDC sponsored by Flexera looks at the latest trends in software licensing, virtualization and the compliance issues involved.
The report points out that the software license supply chain is one of the most opaque, difficult to understand and complex to manage. As a result, the relationship between application producer and customer has often suffered in the past.
Alstom on Wednesday said it was considering a binding offer from General Electric (GE) to acquire its energy assets, leaving the France-headquartered company to expand its transport sector activities. The deal, representing an equity value of €12.35-billion and an enterprise value of €11.4-billion, comprised the Alstom’s thermal, renewable and grid power sectors, as well as its related corporate and shared services.(Read Full Article)
For some companies, an Oracle Unlimited License Agreement (ULA) is ideal. It allows them to pay a single fee up-front to get as many licenses as they need for certain Oracle products over a set period of time. Under the right circumstances, signing a multi-year ULA with Oracle may grant the business the flexibility they need to support growth. However, there are risks to consider. Not every client needs or will benefit from a ULA. In many cases, a ULA is a fast path to overspending.(Read Full Article)
Shares of South Africa's Telkom SA rose on Wednesday after its chief executive told a newspaper he aims to cut 1 billion rand in annual costs for the next five years, as part of a drive to turn around the operator.
Telkom, South Africa's largest fixed-line operator, will not be able to avoid job cuts, Sipho Maseko told Business Day, adding he would begin discussions with trade unions next week on possible job cuts.
“It's clear in my mind that Telkom will shed a bit of weight,” the newspaper quoted Maseko as saying.
“We are way out ...(Read Full Article)
Close collaboration with other divisions in the company and earning your seat at board level are key to creating a successful procurement function. That’s according to Simona Pavelescu, head of global sourcing services office at Ericsson, who was speaking at the ProcureCon Indirect conference in London this morning.
Pavelescu told delegates how she took a consultancy approach to sourcing after understanding the complex nature of the different departments at the company. “We have a chocolate box of assorted chocolates from which you can choose and pick what suits you best,” she said.(Read Full Article)
ANSYS, an AltX-listed engineering company, has been awarded a R188m Transnet contract for the supply of an integrated dashboard display system for locomotives.
The black-owned and controlled group, which develops products for the rail, mining, industrial and defence markets, had already designed a prototype display that had been "rigorously tested" on Transnet locomotives.
This comes after Transnet earlier in March awarded R50bn worth of contracts to two Chinese and two North American railway groups to build 1,064 electric and diesel locomotives as part of its R308bn market-demand strategy to 2019.(Read Full Article)
The integration of 20 agencies into a one-stop administration service centre will facilitate the delivery of Government services to citizens under the e-Government programme delivered today.
Among these agencies are Ghana Post, Electricity Company of Ghana (ECG), Ghana Water Company Limited (GWCL), Driver and Vehicle Licensing Authority (DVLA), Ghana Immigration Service (GIS) and Ghana Police Service (GPS).
Businesses are still paying too much for IT equipment, according to a benchmarking survey by technology firm Mercato Solutions.
The research found average margins to be between 11 per cent and 39 per cent, against the recommended industry standard of just 3 per cent. Mercato surveyed 200 IT managers with annual budgets of more than £50,000.
The study revealed the banking sector pays the highest margins on IT equipment at an average of 39 per cent. This is followed closely by the leisure sector at 33 per cent, insurance at 25 per cent and education at 19 per cent.(Read Full Article)
Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for ATMs and face additional costs to Microsoft to keep them secure.
The US software company first warned that it was planning to end support for Windows XP in 2007, but only a third of the world’s 2.2 million ATMs that use the system will have been upgraded to a new platform, such as Windows 7, by the deadline next month, according to NCR, one of the biggest ATM makers.(Read Full Article)
Africa’s energy sector has long been working to widen energy access to unlock the continent’s vast potential. Energy access remains a critical priority for this dynamic region.
Africa’s energy sector has long been working to widen energy access to unlock the continent’s vast potential. Energy access remains a critical priority for this dynamic region.(Read Full Article)
Kenya's mobile network operator Safaricom has been rated number 9 in innovation globally by Fast Company magazine due to its role in bridging the healthcare gap with telecoms services.
The magazine noted that Safaricom's Daktari 1525 which helps connect the doctor and patient had improved the lives of millions of Kenyans by making them healthy.
"In Kenya, where more than half of citizens live on less than a dollar a day, medical care can be a far-off luxury. But local telecom giant Safaricom has built a vital bridge between doctor and patient. This year, it's boosting marketing ...(Read Full Article)
The world's top mobile infrastructure supplier Ericsson is betting that the fast-growing African mobile broadband market will remain dominated by 3G services over the next years as the newest 4G smartphones remain too expensive for local consumers.(Read Full Article)
Africa's rapid telecoms expansion has come to symbolise the continent's economic growth, with the World Bank estimating a 10% increase in broadband coverage could add 1.4 percentage points to economic output.
IBM today sold its Intel server business to Lenovo, yet another example of Big Blue eating its seed corn, effectively dooming the company for the sake of short-term earnings. It’s a good move for Lenovo and an act of desperation for IBM. Wall Street analysts may see this as a good move but then Wall Street analysts typically aren’t that smart. They’ll characterize it as selling-off a low-margin server business (Intel-based servers) to concentrate on a higher-margin server business (Z-series and P-series big iron) but the truth is IBM has sold the future to invest in the ...(Read Full Article)
For years now procurement departments across the world have been facing the challenge to reduce costs, do things quicker, source more locally, support SMEs and become more sustainable. When a much-heralded technology like 3D printers comes along, you might well ask if it can solve some of these challenges. Well potentially yes, but it also brings risk too, raising difficult questions around intellectual property and liability.
According to Google trends 3D printers reached the maximum 100% in interest in May 2013; suddenly the world has woken up to the possibilities of 3D printing and certain industries will have given the ...(Read Full Article)