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Organizations in the News
Articles in category: Manufacturing & Automotive
Twenty years ago, Joseph Pine published a book titled “Mass Customization.” This was followed by a Harvard Business Review article, similar McKinsey articles, and various related movements, including agile manufacturing, which was promoted and promulgated by such individuals as Rick Dove and institutions such as the Iacocca Institute at Lehigh University. This movement was focused around manufacturing; the thesis was that the days of mass production were over and that the new world would operate with lot sizes of one while at the same time achieving the leverage advantages of mass production.(Read Full Article)
PetroSA recorded an overall net loss of R1.65bn in the 2013/14 financial year, the company said on Tuesday.
While the company made an operating profit of R2.2bn, this was against the R3.4bn impairment charge against PetroSA's onshore and offshore assets, spokesperson Thabo Mabaso said in a statement.
"This is the result of a volatile economic environment, creep in project costs and delays in the feedstock drilling programme (Project Ikhwezi)." Impairment is the reduction in a company's stated capital.
Nosizwe Nokwe-Macamo, PetroSA group CEO, said the company had a trying year with the main focus ...(Read Full Article)
Investors are unlikely to rush back into platinum any time soon after a minimal price reaction to its biggest supply shock highlighted a major problem: no one knows how much metal exists above ground or, more importantly, who holds it.
Analysts predicted a surging market as a record five-month labour stoppage in top producer SA wiped out more than 1-million ounces of output worth $1.28bn. Yet platinum, used mostly in automotive catalytic converters which clean up exhaust emissions, also failed to react to a 2.4-million ounce accumulation of metal into exchange-traded funds since 2010. The metal has lost ...(Read Full Article)
At the start of 2014, independent research showed that less than 50% of large UK businesses were regularly auditing their Tier 1 suppliers on whether they used slave labourers. That figure fell to 36% at Tier 2. Since then, we have seen multi-national buyers advance significantly their efforts to address slavery within their supply chains.(Read Full Article)
The Coega Development Corporation (CDC), operator of the Coega Industrial Development Zone (IDZ), announced today it will establish a Multi Original Equipment Manufacturers (OEM) complex for the automotive assembly and components manufacturing sectors in Zone 2 of its industrial estate in Nelson Mandela Bay, South Africa.
The state-owned entity has earmarked 306 hectares of land for automotive manufacturing industrial activity through its recently unveiled five year strategic plan, which will embrace an OEM industrial clustering approach.(Read Full Article)
The Multi-OEM complex will house vehicle assembly halls and shared service infrastructures. First, second, and third tier automotive component suppliers will all be brought ...
More than 80 automotive component manufacturers under investigation for allegedly colluding to fix prices and dividing the market for the past 14 years(Read Full Article)
NATIONAL Union of Metalworkers of SA boss Irvin Jim has had some incredibly rude things to say about South African automobile manufacturers, but National Association of Automobile Manufacturers boss Dr Johan van Zyl says more things unite than divide them.
The two bosses met on Monday in a bid to prevent the next round of wage talks in 2016 degenerating into a repeat of the violence and strike action that paralysed the car industry earlier this year.
“The meeting was to look at the future of our industry and to find better ways of conducting collective bargaining,” says Van Zyl ...(Read Full Article)
DISMAL data showing mining and manufacturing output both contracted on an annual basis in August highlights the continued vulnerability of SA’s productive sectors.
According to figures published by Statistics SA on Thursday, manufacturing production contracted by 1.2% year on year in August while mining output fell by 10.1%, the latter mainly as a result of a fall in the production of platinum group metals.(Read Full Article)
Eliminating fraud from our food supply chains is imperative but it’s easier said than done. Modern supply chains have become increasingly intricate and larger supply chains inevitably have a greater exposure to risk.
In this guest post, Procurement Leaders invites Charles Morrison from supply chain management solution provider NQC to look at tactics being used to tackle supplier fraud and with precise data.
BHP Billiton aims to cut its iron ore production costs by more than 25% and squeeze more metric tonnes from its mines as it aims to overtake rival Rio Tinto as the world’s cheapest producer, the world’s largest miner said on Monday.
BHP, the third-biggest iron ore producer behind Brazil’s Vale and Rio Tinto, outlined the cost-cutting and expansion plan even as iron ore prices have slumped 42% this year, as it sees demand picking up over the medium term.(Read Full Article)
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) warned on Friday that the metals and engineering sector could contract by between 2% and 3% in 2014, owing primarily to the fallout from a month-long strike in July.(Read Full Article)
On August 21, the South African Department of Trade and Industry issued an instruction that any future shipbuilding for the state or state-affiliated organisations must have 60% local content, Southern African Shipyards marketing GM Charles Maher said.(Read Full Article)
Transnet Port Terminals CEO Karl Socikwa says the assembly of rolling stock will be beneficial for the development of the local manufacturing sector.(Read Full Article)
The Department of Trade and Industry (DTI) aims to improve the enforcement of localisation by having the Auditor General flag as “irregular expenditure” any flouting of buy-local procurement rules by government departments and State-owned companies.
Preferential Procurement Policy Framework Act regulations came into force on December 7, 2011, empowering the DTI to ‘designate’ the products that should be sourced locally.(Read Full Article)
Gaining cost transparency is a critical aspect of any negotiation or category planning exercise. It is understanding which cost drivers can be influenced by procurement that informs us which lever should be applied and whether or not the objective is cost reduction.
Achieving cost transparency for physical products can be achieved by teardowns aimed at identifying the type and quantity of raw materials and components – often a lengthy process, but a reliable route to better understanding the underlying drivers of cost.(Read Full Article)
Drawing from the results of a quantitative research study conducted by Spend Matters and the Institute of Supply Management, this two-part report discusses why meeting demand requires Supply Management 2.0: fluid collaboration between companies and their external network partners in a multi-tier and multilevel fashion that orchestrates both process and information silos.(Read Full Article)
We never used to think that much about risk in supply chains. Those were the days when most manufacturing was domestic or products were purchased from one or two international factories that we monitored closely. But oh, have things changed!
Now risk management is an important function within most supply chain organizations. Global supply chains have become longer, stretching worldwide; and with every stretched link comes the potential for a weak spot and additional risk of failure.
As a result, managing risk of failure in supply chains has become a hot topic. With events like 9-11, the Japanese tsunami, the ...(Read Full Article)
ACTIVITY in the manufacturing sector improved last month as workers that had gone on a month-long strike returned to work, an industry indicator showed on Monday.
The Kagiso purchasing managers’ index (PMI) rose 3.1 index points to 49 last month from 45.9 in July.
Despite the improvement, August marked the fifth consecutive month of contraction in activity. The index needs to be above 50 to indicate that activity in manufacturing is expanding.
The below-50 reading suggested that "conditions in the factory sector are still relatively subdued", head of research at Kagiso Asset Management Abdul Davids said.(Read Full Article)
Nissan has said that its new Y62 Patrol, now redesigned with an unprecedented zest and ergonomics, has returned with a futuristic look that stands out for its unique combination of the most recent technologies and new design DNA.
The auto maker noted that the new Y62 Patrol, assembled in Nigeria by Stallion NMN plant in Lagos, epitomises Nissan's tagline: 'Innovation that excites.'
It also noted that President Goodluck Jonathan had acknowledged the beauty and adroitness of the made-in-Nigeria Y62 Patrol when he, in company of some government officials, took delivery of the Patrol in Abuja on Democracy Day(Read Full Article)
Government is committed to protecting the country’s clothing and textile sector which has shown growth in recent years, says the Department of Trade and Industry (dti).
This as employment in the footwear and leather sector showed growth of 5% between 2012 and 2014.
“What we've actually seen is that this industry to a high degree has stabilised,” said Minister of Trade and Industry Rob Davies, adding that through the Competitiveness Improvement Programme R645 million was contributed the sector.
Buyers have backed the use of charters that set out the “rules of engagement” in supplier relationships, according to a survey.
The SM Jury voted by eight to four in favour of charters, with members saying they promoted ethical behaviour and improved supplier relations.
Cristian Martin, procurement and contracts officer at the Commonwealth Secretariat, said: “It is important for suppliers to understand what standards your process is aligned to; everyone understands what everyone’s rights are. If you are not aligning to a standard, a charter would help suppliers understand your process better.”(Read Full Article)
The Veeder-Root Company has acquired FuelQuest, Inc. Located in Houston, Texas, FuelQuest is the recognized Software as a Service (SaaS) provider for retail and commercial fueling logistics applications. With over 15 years of experience in logistics software development and analytics, FuelQuest will combine with Veeder-Root's Insite360 Fuel business to provide a best in class, end-to-end solution for controlling wet stock from rack to nozzle.
The acquisition demonstrates Veeder-Root's commitment to supporting retail and commercial fueling customers' desire for increased control of their fuel purchases, deliveries, variance, flow, compliance and managed maintenance needs.(Read Full Article)
South African Oil and Gas Alliance CEO Ebrahim Takolia has argued that South Africa should first increase the size and distribution network of the local gas market.(Read Full Article)