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Articles in category: Manufacturing & Automotive
If there was any doubt that managing the supply chain is also an exercise in managing risk, just ask someone who works in procurement – particularly the world of direct procurement. These professionals patrol the front lines of the manufacturer-supplier relationship, overseeing their company’s purchasing activity, executing purchase orders, and working with multiple stakeholders to ensure the right materials make it to the right place at an optimal cost.(Read Full Article)
Harare – Econet Wireless has asked its local and international suppliers to cut the prices of their supplies to the company by more than 15%. The telecoms firm said suppliers who failed to slash their prices risked blacklisting. The company said 7 July: “The measures, which are part of Econet’s cost-cutting drive, affect all suppliers of goods and services.(Read Full Article)
THE AU has decided that South Africa will become a hub for the manufacturing and supply of rail stock for Africa. Transport Minister Dipuo Peters announced this yesterday in an address at the Southern African Transport Conference in Pretoria, adding this decision was especially pleasing considering the massive investments being made by the Passenger Rail Agency of South Africa (Prasa) and Transnet. “There is a great opportunity to partner with AU member states in this regard.(Read Full Article)
Spend visibility is foundational to any procurement transformation because to better manage supply, you have to manage spend. Spend is what you pay and supply is what you get, and to manage spend you have to see it. Yet too many procurement organizations work hard to put basic spend analytics in place but don’t have a broader vision, strategy and roadmap for strategic supply analytics (i.e., the analytic capabilities to support strategic supply management).(Read Full Article)
Enterprise development expert says introduction of the empowering supplier status measure in the amended BEE codes will create new levels of opportunity, writes Stephen Timm(Read Full Article)
The new Automotive Incubation Centre at Nissan, which will be launched on Wednesday, is expected to radically transform the economy.
Darlene Nicosia takes over as CPO at Coca-Cola as Ronald Lewis moves to Coca-Cola Enterprises to become senior vice president, supply chain. © Coca-Cola Company Coca-Cola has appointed a new chief procurement officer, ahead of the departure of the current CPO to one of its biggest bottlers.(Read Full Article)
Prasa CEO Lucky Montana says small black businesses will get a role in the manufacturing of 580 train-sets to be built in South Africa up to 2035(Read Full Article)
It’s not that unusual to hear stories about how some big retailers treat their suppliers – but it is unusual for a professional institute to come out and say this.(Read Full Article)
Increasingly, fast-moving consumer goods (FMCG) brands see their suppliers not simply as vendors but as key assets in realising their business strategy. However, measuring the value of this strategic supplier relationship is difficult as so many of the benefits are often intangible. Nevertheless, these are the key factors that all stack up to build return on investment (ROI) into your strategic supplier relationship: 1.(Read Full Article)
A travel management company is necessary if you spend more than £100,000 a year on business travel, delegates were told. Price should not be the key consideration when choosing a travel management company (TMC), a conference was told. Nick Hurrell, partner at 3SIXTY Global, told buyers that capability in areas such as security, technology and traveller tracking was more important.(Read Full Article)
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) fell by a steeper-than-expected 6.6 index points to 47.6 in February, driven chiefly by a 16.2-point decline in the business activity index (BAI) to 45.5.(Read Full Article)
Discover the seven deadly sins of DIY energy procurement and how to make sure you avoid them. Energy procurement should be simple – suppliers want you to buy from them after all. But there are plenty of pitfalls waiting to trip you up – here are seven to avoid.
1. Adopting a short-term energy strategy(Read Full Article)
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)
The news is dominated by geopolitical events from around the world — the spread of Ebola, the conflict in Syria, the unrest in Ferguson, ISIS and just about anything that happens in North Korea. As procurement spreads across more and more geographical boundaries, organisations are being exposed to more and more geopolitical risk. In order to ensure the safety of their company, CPOs and Procurement Directors must proactively consider the implications of these events on the running of their businesses(Read Full Article)
Global companies are wasting more than $30 billion (£20 billion) a year because they do not share information about suppliers, according to business information provider Achilles.(Read Full Article)
Solar geyser manufacturers are reeling after having lost millions of rands as a result of a procurement technicality.
This, according to the Sustainable Energy Society of South Africa and business owners Small Business Connect spoke to. They claim that a number of businesses, which were set up in order to install and service solar geysers for the government’s mass installation scheme, have either gone out of business or have had to lay off staff.
In 2012, the then minister of energy Dipuo Peters stated that her department aimed to install one million solar geysers in households and commercial buildings ...(Read Full Article)
If you’re one of the many managers out there who must negotiate with companies in China — the world’s largest emerging economy — you probably need to change your approach. What worked a year or two ago is no longer effective, because the competitive and regulatory environment has transformed so quickly.(Read Full Article)
The doomed ship Titanic has more in common with your business than you probably realise.
Both are massive entities, run by people with years of experience, moving full steam ahead, in a sea of risk, assuming that they’ll be able to see and manoeuvre around any danger that might present itself.
The problem, with both your business and the Titanic, is the unseen danger - the risks below the surface.
Titanic, as we all know, struck an iceberg, which sliced open the hull beneath the surface of the ocean. If your business isn’t careful, something similar could the same ...
When it comes to internet of things (IoT) in the supply chain, the potential is huge. We’re already seeing a move from concept to reality, and when it comes to manufacturing there is one key focus – streamlining operations – both through cost reduction and operational efficiency. IoT has applications in shipment tracking, automation, and even (in the future) delivery drones.(Read Full Article)
When it comes to the management of spare parts used for maintenance and operations support, the procurement team is often treated as an outsider, a service provider, rather than a partner in ensuring that the objective of maintaining operational capacity is achieved. In my experience, this approach is a drag on both efficiency and effectiveness, often resulting in the waste of both time and money.
Consider if any of these situations sound familiar:(Read Full Article)
In a timely new white paper, Crude Oil: Impact, Opportunities and Strategies for Procurement, GEP’s commodity and category experts discuss the impact of lower crude oil prices on procurement and supply chain, and the savings opportunities they offer for enterprises sourcing and procurement teams. http://goo.gl/tZ49N7(Read Full Article)
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.