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Articles in category: Manufacturing & Automotive
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)
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.
Almost all companies today are aware of their labor or material costs... but what about energy consumption?
It all comes down to having the energy data needed to determine what actions you must take to improve. The payoff is worth it, as insight into energy data allows you to make more valuable, relevant operating decisions.(Read Full Article)
In our latest 2015 Trend Report, we surveyed CPOs around the world to understand their strategic intentions for the next twelve months. Will procurement headcount increase or not? And, what about procurement technology, and risk management?(Read Full Article)
Consortium China North Rail (CNR) Rolling Stock South Africa (RSSA), led by Chinese locomotive manufacturer CNR Dalian, has ordered 232 MTU Series 4000 engines from Rolls-Royce Power Systems for State-owned Transnet Freight Rail’s (TFR’s) new freight locomotives. The €100-million order would see the delivery of Rolls Royce subsidiary MTU’s “most powerful” locomotive engines between 2015 and 2017.(Read Full Article)
Frequent visitors to CPO Rising will know that the complex category of business travel has increasingly become a bigger line-item at the average enterprise. In fact, the current business travel industry has not seen this level of growth since long before the economic downturn of last decade. As we move into a new year, what does the continued growth, and evolution, of this category truly mean for the typical company?
Unfortunately, the notions of “business travel management” and “expense management” are typically relegated to the back offices of companies across the globe(Read Full Article)
A common question: will auditing the supply chain reveal issues that will prove costly and damaging? Is it best to leave as is until an issue manifests? If the last question sounds familiar then it’s definitely time to re-evaluate your approach.
In this guest post, Procurement Leaders invites Asia Pulp and Paper’s Ian Lifshitz to discuss why supplier audits can tend to fall short and where improvements can prove a huge game-changer.
Over one thousand small businesses received a boost in the last financial year by tapping into over R2-billion in the South African Road Agency’s (Sanral) procurement spend. Sanral is a statutory company which finances, manages and maintains the country’s national road network.(Read Full Article)
The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an era of profound demographic change, another productivity revolution is a necessity.(Read Full Article)
“The way we pay and the way we finance payables has a dramatic impact on the relationship and the commercial things you want from a supplier.”
- CPO at a market-leading company
We’ve seen it time and time again: your finance team discovers the need for a supplier portal and early payment program, and since the actual change management falls on the chief procurement officer, you need to adapt processes to maintain and evolve supplier relationships.(Read Full Article)
Manufacturing output for November fell below analyst expectations, registering a “disappointing” 1.3% year-on-year contraction. This followed on the revised 2.3% year-on-year uptick in October.(Read Full Article)
JSE-LISTED pharmaceutical company Adcock Ingram has emerged as the clear loser among the domestic drug manufacturers after it won a mere R700m of the government’s R14bn HIV/AIDS drug tender, say analysts.
It got no part of the key contract to supply fixed-dose combination (FDC) pills, which form the core of the government’s treatment programme.(Read Full Article)
If 2014 goes down as an 'annus horribilis' for the commodities industry, few pundits are betting that prices will improve significantly over the next 12 months(Read Full Article)