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Articles in category: Manufacturing & Automotive
Manufacturers across Europe and Asia changed down a gear last month.|||
London/Beijing - Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January's 2-1/2 year high.
But while the surveys across Asia were more downbeat, data from the euro zone showed output rose in all of the bloc's four biggest economies for the first time in almost three years.(Read Full Article)
Imperial Holdings, owner of South Africa’s biggest car dealership network, said first-half profit increased 10 percent as sales and operating margin at its logistics unit rose.
Net income for the six months through December gained to 1.73 billion rand, compared with 1.58 billion rand a year ago, the Johannesburg-based company said in a statement today. Sales grew 13 percent to 51.36 billion rand.
Imperial said operating margin at its logistics division rose to 5.3 percent from 4.5 percent in the same period in 2012.(Read Full Article)
South Africa’s automotive industry has no chance of achieving the target it agreed with the government of 1 million new car sales and 1.2 million units of production a year by 2020, according to auditing and consulting firm PwC.
Rick Hanna, the PwC global automotive leader, said yesterday that the motor industry faced a number of challenges in achieving the sales target, including the unemployment rate, the weak currency and consumer confidence.
Hanna said PwC forecast about 790 000 light vehicle sales in South Africa by 2020, which was 200 000 short of this target.
Pretoria - Trade and Industry Deputy Minister Elizabeth Thabethe will today lead a 40-member business delegation to India for the fifth annual Investment and Trade Initiative (ITI). The ITI forms part of the Department of Trade and Industry’s export and investment promotion strategy to focus on India as a high growth export market, as well as a foreign direct investment source.
South Africa’s trade with India has doubled over the last five years with gold, diamonds, base metals and chemical products, among others, making up the bulk of exports.A ccording to Deputy Minister Thabethe, India’s emerging economy ...
Public Enterprises Minister Malusi Gigaba has launched a R165-million tripartite supplier development fund aimed at supporting black-owned small, medium and micro-sized enterprises and incorporating these businesses into the supply chain of State-owned logistics group Transnet.(Read Full Article)
The special Economic Zones Bill aims to support a broader-based industrialisation growth path, balanced regional industrial growth and the development of more competitive and productive regional economies with strong up and downstream links in strategic value chains.
Adoption of this bill will be a significant milestone in pursuit of the aspirations expressed in the National Development Plan (NDP), New Growth Path (NGP) and Industrial Policy Action Plan (IPAP).
SEZs are defined as geographically designated areas of a country set aside for specifically targeted economic activities, supported through special arrangements and systems that are often different from those that apply in ...(Read Full Article)
The South African trade and industry minister Rob Davies has called on the private sector and consumers to “throw its weight” behind the country’s Buy Local Campaign.
Speaking at the Buy Local Summit and Expo in Ekurhuleni, Davies (pictured) said that both companies and consumers need to “make it their business” to promote and buy locally-produced goods.
“If all of us can take decision to buy locally manufactured products, we can create a more positive future for our country in terms of employment opportunities,” he said.(Read Full Article)
The impact of the introduction of e-tolling on Gauteng freeways has been “huge and significant” to the operations of transport logistics and mobility company Super Group.
Peter Mountford, the chief executive of Super Group, said yesterday the implementation of the e-toll system would have a negative impact on all areas of the group’s business and continued to be of concern in relation to distribution costs and the knock-on effect on gross domestic product (GDP).
Mountford said e-toll costs were capable of recovery in many of the group’s core supply chain contracts but with some operations it was not ...(Read Full Article)
ARCELORMITTAL SA’s earnings before interest, tax, depreciation and amortisation ) shot up 58% in the year to December, giving departing CEO Nonkululeko Nyembezi-Heita a fitting swansong after nearly seven mostly difficult years at the group.
But the total comprehensive loss rocketed for the South African unit of the world’s largest steel maker, ArcelorMittal Group. Trading conditions remain challenging for steel producers globally, and South Africa’s economy continues its pedestrian growth.
ArcelorMittal SA said on Friday lower levels of fixed government investment had a "disproportionate" effect on demand for steel, and low levels of fixed investment in the mining ...(Read Full Article)
The report from relationship charity OnePlusOne found that 15 per cent of people went as far as to say they are “very unhappy”. This may be the case in personal lives, but what about in a business environment? Are your suppliers happy with the relationship they have with you? Jaguar Land Rover Head of purchasing Ian Harnett often spends time with his suppliers asking what’s important to them.(Read Full Article)
Amid persistent challenges, the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) started the year unchanged at 49.9 points, while the business activity and new sales orders indices weakened, as demand remained subdued. The business activity index fell for the second consecutive month in January to reach 48, its lowest level since March 2013.(Read Full Article)
Trading conditions in manufacturing sector remain challenging, with the seasonally adjusted Kagiso purchasing managers index ) starting the year unchanged at 49.9 points.(Read Full Article)
South Africa’s steel and engineering sectors are likely to yield better growth in 2014 than last year when the sector only saw 2% growth and produced output estimated at R335-billion, said Steel and Engineering Industries Federation of South Africa (Seifsa) chief economist Henk Langenhoven in Johannesburg on Wednesday. He said short-term signals indicated that benefits would be derived from the expected domestic spending on infrastructure.(Read Full Article)
Almost 95 per cent of food loss and waste stems from supply chain inefficiencies in poorer countries, according to the World Economic Forum (WEF).
Enabling Trade: From Valuation to Action found overly strict product standards, poor transportation infrastructure, border delays, and poor business climates are the main supply chain barriers for agriculture.(Read Full Article)
Procurement is not officially in charge of quality control in most manufacturing companies. Still, when a supplier - whether a contractor or a parts supplier - falls down on the job, that’s certainly something for procurement to address
In the last several months, there have been numerous reports in the media about problems with parts or workmanship on products ranging from aircraft to electronic components to public infrastructure.
As part of our Expert Insight series, Supply Chain Nation recently sat down with Gordon Wade, chief executive officer and director of best practices for the Category Management Association. In Part I of our conversation with Gordon, he discuss the key markets shifts that are increasing complexity in the supply chain – and that retailers and manufacturers must address in 2014.(Read Full Article)
Ten to 20 years ago, the supply chain leader in most companies held a title such as “vice president of logistics.” It was a largely functional role that relied on technical proficiency in discrete areas: knowledge of shipping routes, familiarity with warehousing equipment and distribution-center locations and footprints, and a solid grasp of freight rates and fuel costs. (S)he reported to the chief operating officer or chief financial officer, had few prospects of advancing further, and had no exposure to the executive committee. The way companies need to think of the modern supply chain executive has changed dramatically.(Read Full Article)
The labour market is going through a fundamental shift as the UK economy begins to pick up. Many businesses are adapting their workforce in order to keep up with the demand for flexibility within the workplace. As budgets remain tight, organisations are seeing the attraction of moving to a more contingent workforce. As a result, temporary job placements in the UK are rising 7 per cent year-on-year. The myths surrounding temporary labour are slowly fading.(Read Full Article)
BHP Billiton is planning to pull the plug on smelting activities at its Bayside smelter in Richards Bay amid a review of the struggling operation.
“As part of that process, BHP Billiton today began a formal consultation with employees in its aluminium South Africa business on a proposal to cease smelting activities and associated services at Bayside,” Lulu Letlape, the vice-president for communication and external affairs at BHP Billiton, said yesterday. “Our aim is to minimise the impact of any changes on employees and the local downstream industry.”(Read Full Article)
South Africa's Purchasing Managers' Index ended 2013 in contraction territory, falling 2.5 points in December and signalling lacklustre manufacturing output growth.|||
Johannesburg - South Africa's Purchasing Managers' Index ended 2013 in contraction territory, falling 2.5 points in December and signalling lacklustre manufacturing output growth.(Read Full Article)
Sasol on Tuesday officially opened its new R1.9-billion ethylene purification unit, known as EPU5, in Sasolburg, Free State, which aims to service the rising demand for polyethylene (PE) material in South Africa, a domestic market that Sasol CEO David Constable asserts is growing at a rate of between 4% and 5% a year.(Read Full Article)
Due to the complexity and inter-dependencies of these megatrends and the diversity of affected countries, markets and companies it’s difficult to assess the impact on procurement but leading procurement managers foresee major changes in a couple of focal areas within the next decade.(Read Full Article)
Industry body, the Steel and Engineering Industries Federation of South Africa (Seifsa), has expressed concern over the relapse of slower growth in the metals and engineering sector in the last quarter of 2013, with only a 2% increase over the last three months of the prior year.(Read Full Article)