The role of the CPO, the chief procurement officer, is changing. Although many CPOs still have narrowly defined functional roles that emphasize cost savings and compliance, today’s modern CPOs are business leaders who are associated with revenue growth, innovation and a closer, more strategic proximity to the supply base. As a consequence of this new […]
What sets successful CPOs apart – a headhunter’s perspective Read More »
By Linda Ashok A content, communications and branding professional So many things are slated to change in 2020, the milestone year! But what matters most is your career; how is it going to prepare you as a procurement manager? Okay, let me clarify that there isn’t any significant difference between a Purchasing or Procurement Manager.
10 Best practices for procurement managers in 2020 Read More »
By Steven PowellDirector of Forensics at ENSafrica Every organisation is susceptible to fraud, but some are more susceptible than others. This article provides an overview of the profile of a typical fraudster to help readers identify fraudsters operating in a business.
Fraud and corruption: how to catch a fraudster Read More »
By Jeni Christensen (MCIPS)Procurement Manager in Melbourne, Australia, for Villa Maria Catholic Homes, a not-for-profit organisation linked to the Catholic Church While Australia is often thought of as an early adopter and innovator, sustainable and ethical procurement is an area in which this country is lagging behind. There is a focus on product stewardship and
Sustainable procurement in Australia Read More »
By Helen MackenzieAn experienced former CPO currently working with Procurious to help connect the procurement community across the world. We’re all talking about delivering value these days in procurement, aren’t we? But with so many definitions around, how do we maximise its impact?
4 reasons why value is the new procurement normal Read More »
By Angela Mazza TeuferSenior Vice President ERPM WE, ERPM North install base Finance has always taken advantage of technology to improve productivity and collaboration. But with continuous innovation now driving our economy, the goalposts have moved. Today’s organizations must adopt an agile finance operating model– powered by emerging digital technologies and skillsets. The success of
The 5 key traits of a future-ready Finance Leader Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents of the headline PMI nudged down compared with the previous month. Despite the decline, the average level of the PMI in October and November is
November PMI loses some of October’s gains Read More »
By Kate Vitasek If your company is like most, it promotes ‘boilerplate’ contracts or, at a minimum, pushes for standardised terms, such as contract length, warranties, a 30-day termination of convenience clause or 90-day payment terms. While this may make your lawyer and Chief Financial Officer (CFO) happy, Russell Korobkin suggests that using standard contract
Why standard contract terms can be bad for you Read More »
Speed to value can be elusive but it is of vital importance for any organisation. Many procurement organisations realise the increasing pressure to maximise savings and accelerate delivery timelines. But they also want to mitigate supplier risks. Altogether, legacy manual processes and age-old frameworks compel procurement leaders to rethink their strategy. Subhro Sen, from procure-to-pay
5 core drivers for end-to-end procurement automation Read More »
With Halloween just past, it is time to consider whether your boss is scarier than your average ghoul or if your career is in the grip of a scary, old-world Chief Procurement Officer (CPO) and thus doomed to wither… Tania Seary, Founding Chairman of three companies specialising in the development of the procurement profession –
This Halloween beware the scary, old-world CPO Read More »
