6 September 2018

6 steps to optimise your procurement workforce

Leave a Comment / Professional Development, Service Outsourcing, Smart Sourcing, Supplier Management, Supply Chain Management SCM, Tools / StaffWriter

To become more agile, organisations are re-evaluating their workforce strategies. Although strategists often talk about ‘total workforce management’, what their business functions – procurement included – need most is something much simpler: total workforce optimisation (TWO). For most business functions, human capital is the most important asset and its largest single operating expense. It is […]

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Show your worth: demonstrating procurement ROI

Leave a Comment / Smart Sourcing, Sourcing Strategy, Technology / StaffWriter

Bring sustainable value to the bottom line Increasingly, procurement is being looked to for the added value it can bring to the organisational table. Furthermore, expectations are on the rise, with big data and advanced analytics driving decision making to new levels by enabling teams to generate new insights and achieve unprecedented proactive capabilities. Demonstrating

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6 mistakes that procurement makes when crafting a travel RFP

Leave a Comment / Category Management, Travel / StaffWriter

The arduous RFP (Request for Proposal) process is a bit like being forced to eat your greens as a child. You don’t want to do it, but you’re continually told that it’s good for you. But, that’s not necessarily the case. RFPs are only ‘good’ for you and your business if you execute them properly.

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Leveraging effective contract management in procurement departments

Leave a Comment / Contract Management, Legal / Contract, Supplier Management / StaffWriter

The key processes and activities involved in contract management are fundamental to making sure you and your suppliers know your responsibilities under an agreement and that everyone meets those obligations. Eman Abouzeid (CSCP, CIPS), a procurement and supply chain professional with global experience, explores the benefits of having effective contract management in your procurement department,

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Blockchain an important tool for procurement to establish trust

Leave a Comment / Technology, Tools / StaffWriter

Blockchain is almost everywhere and is getting a lot of hype. It is largely because blockchain is the underlying technology behind Bitcoin, a digital currency (a.k.a. a cryptocurrency) that received a lot of coverage in the media. In the wake of the cryptocurrency craze, blockchain has continued to attract more and more attention. Blockchain can

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Helping procurement professionals embrace AI

Leave a Comment / Technology, Tools / StaffWriter

Given the inevitability of emerging technologies transforming businesses, how can you prepare your company for AI’s impact on procurement? Sami Peltonen, Vice President of Purchase-to-Pay Product Management for Basware North America, takes a look at how procurement departments can mitigate employees’ fears. Join us at Smart Procurement World’s Gauteng Indaba on 18 & 19 September

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Supply chain complexity drivers are also profitability drivers

Leave a Comment / Category Management, Logistics, Supplier Management, Supply Chain Management SCM / StaffWriter

No one introduces complexity into their supply chains just for the sake of it. Complexity emerges as organisations pursue their profit goals. Within every strategy or action that an organisation pursues to improve profitability, lies a hidden cost of complexity, which supply chain practitioners must be aware of, capture and deal with. This is necessary

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Fix the weak links in the supply chain with vetting

Leave a Comment / Legal / Contract, Risk Management / StaffWriter

Suppliers play a huge role in the operational capacity of a business. With a mutually healthy relationship, trusted suppliers can help a business satisfy customer needs, even in a pinch. However, businesses that source goods or services from questionable suppliers run a great risk of failing to meet their own obligations to customers. Such weak

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Sharp fall in PMI possibly reflects bleak sentiments around land debate

Leave a Comment / Change, PMI / StaffWriter

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined to 43.4 points in August from 51.5 points recorded in July. August’s level is the lowest recorded in more than a year. Overall, the average level of the PMI recorded during the first two months of Q3 of 2018 was 47.5, which is below the neutral 50-point

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