Change Archives - Page 4 of 14

‘CPO’ stands to become the Chief Purpose Officer through digital transformation

Leave a Comment / Change, Procurement Leaders, Procurement Strategy, Professional Development, Technology / StaffWriter

By Dr Marcell Vollmer, Chief Digital Officer, SAP Ariba How does a Chief Procurement Officer measure success?In the past, executives responsible for sourcing, contracting, purchasing and payment gauged success chiefly on their ability to wring savings out of the value chain. Without question, reducing costs remains as crucial today as ever. But, with the advent […]

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PMI continues its decline to 2009 financial-crisis levels

Leave a Comment / Change, Commentary, PMI / StaffWriter

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 points in February 2020. The 0.9-point decline brought the index to its lowest level since the second half of 2009 when the economy started to recover from a deep recession triggered by the global financial crisis. “At four points

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Procurement perspectives: justifying consultancy fees

Leave a Comment / Change, Commentary, Service Outsourcing, Sourcing Strategy / SuperU

By Stephen Bauld One might wonder why, as a consultant for over a decade, I would write about overpriced consultants. Being in this industry, I often hear stories about the high costs incurred when securing consulting services; these stories are widespread and frequent. Indeed, it is surprising how many consultants are so sensitive to this

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PMI ushers in 2020 with a decline

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The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) started 2020 on the back foot and declined further in January. The PMI lost 1.9 points to reach 45.2 index points, the lowest level since September 2019. The performance of the five major sub-components was mixed, with two indices recovering somewhat from multi-year lows reached in the previous

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Why procurement can and should be the epicentre of business innovation

Leave a Comment / Change, Procurement Strategy / StaffWriter

By Sue Barrett, Founder, Barrett Consulting Group Procurement, whether they are aware of it or not, is the epicentre of innovation and leadership of complex systems management within organisations and across supply chains. Or at least they should be… Procurement’s exposure to all elements of a supply chain can and should inform them and, in

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PMI paints a bleak picture of the manufacturing sector’s 2019 performance

Leave a Comment / Change, Commentary, PMI / SuperU

The Purchasing Managers’ Index (PMI) edged lower in December 2019 to 47.1 index points, down from 47.7 points recorded in November 2019. The December figure is about 1 point below the average recorded throughout 2019. The PMI paints a bleak picture of the manufacturing sector’s performance in 2019 as the headline PMI managed to edge

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Fraud and corruption: how to catch a fraudster

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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.

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November PMI loses some of October’s gains

This Halloween beware the scary, old-world CPO

Leave a Comment / Change, Commentary, Education, Procurement Strategy, Procurement Training, Professional Development / SuperU

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 –

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Procurement perspectives: a procurement career pursuit is worth it

Leave a Comment / Change, Commentary, Procurement Training, Professional Development / SuperU

Irrespective of what you think about the way in which private- and public-sector procurement is conducted, the ultimate objective is the same. Creating ‘value for money’ is the most commonly used term among purchasing individuals. Government procurement expert, Stephen Bauld, has spent half his career working with private-sector organisations and the other half working with

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