7 November 2012

Next week’s annual procurement networking event attracts 600 attendees

Leave a Comment / Enterprise Development, Preferential Procurement, Professional Development, Public Sector Procurement, Supply Chain Management SCM / Editor

Smart Procurement World 2012 has attracted more than double the participation it enjoyed last year. Smart Procurement can this week confirm that more than 600 procurement and supply chain professionals will gather en mass at Gallagher Convention Centre on 13 November to attend the multinational procurement networking event. “They’re coming because they want to be […]

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How immature is your procurement function?

Leave a Comment / Procurement Strategy, Technology / Editor

In recent years, how did your supply chain evolve to address the significant political and economic pressures of today’s age? Heleen Liebenberg, Senior Consultant at Volition Consulting Services, wonders if you are able to meet the ever increasing demands placed on procurement performance, in this month’s SmartProcurement. Unfortunately and despite the pressures to improve the

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Supply chain finance solution a source of funding working capital

Leave a Comment / Procurement Strategy, SRM Supplier Relationship Management, Supply Chain Management SCM / Editor

Standard Bank has developed a set of supply chain finance solutions aimed at helping businesses of any size improve financing of their working capital, Vonani Mabunda, Product Head: Supply Chain Finance at Standard Bank, tells SmartProcurement. Two supply chain finance solutions – receivables discounting and supplier finance – offer alternative financing tools based on companies’

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Applauding and assisting budding SME entrepreneurs

Leave a Comment / Enterprise Development / Editor

Having a long-lasting beneficial effect on the lives of ordinary people was the key role of small businesses at a local and community level, said businessman Cyril Ramaphosa at a South African Breweries (SAB) award ceremony for small businesses with innovative ideas that contribute to community improvement. Ramaphosa is chairman of the board of trustees

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TELKOM Case study in enterprise development and community engineering

Leave a Comment / Enterprise Development / Editor

Developing South Africa’s next generation of pioneering businesses without compromising technical compliance, output and standards is the hallmark of Telkom’s transformation policies, which have delivered R3,5-billion in procurement from black-owned companies during the year to March 2011. This is equivalent to 28.6% of the company’s total measured procurement expenditure, a performance that few large South

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Managing travel procurement from the cloud

Leave a Comment / Category Management, e-Procurement, Sourcing Strategy, Technology, Travel / Editor

A cloud-based e-procurement tool has the capability to host a fully fledged online travel management solution, Sarah Holford, Head of Account Management & Implementations at MyMarket.com, tells SmartProcurement. The online workflow makes for easy access and cost efficiency all bookings (domestic, regional, international and groups) can be coupled to an e-system, says Holford. Case Study

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How high are your travel credit card interest charges?

Leave a Comment / Category Management, e-Procurement, Sourcing Strategy, Technology, Travel / Editor

Reading the various business travel magazines, a hot topic that seemingly hasn’t been resolved is how to alleviate the cost risk of unexpected credit card interest charges that are levied against a company for late payment. And it’s not that corporations are avoiding paying their suppliers, rather, it’s accounts payable departments’ checks and balances and

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Standard Bank South Africa

Leave a Comment / Companies / StaffWriter

About Standard Bank South Africa Standard Bank South Africa is the largest operating entity of Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group had total assets of over R1 497-billion (about US$185 billion) at 31 December 2011. Standard Bank’s market capitalisation at 31 December 2011 was R157 billion (approximately $19 billion) In

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Going paperless: reaping the benefits of electronic invoicing

Leave a Comment / e-Procurement, Technology / Editor

Every year, millions of invoices are exchanged between buyers and suppliers in the supply chain. However, most of these invoices are either in paper or e-mail format – creating inefficiencies for the buyer’s accounts payable and the supplier’s accounts receivable. “Considerable cost savings can be realised by migrating to an electronic invoicing framework,” Sara Pike,

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Procurement planning for 2013: what will set the agenda for next year?

Leave a Comment / Preferential Procurement, Supply Chain Management SCM, Sustainable Procurement / Editor

One of the key talking points in the procurement industry right now is sustainability and “green” sourcing. Companies are now being held accountable for the actions of their suppliers and there are no longer excuses for irresponsible behaviour within supply chains. Issues such as pollution, labour mistreatment, or sub-par quality testing have created a strong

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