As we move towards a new decade, is the emphasis in the procurement world changing? Are we going to see a new age where the ‘Art of Procurement’ comes to the fore? Peter Smith, Chief Officer of Procurement Excellence and European Director, Public Spend Forum, deliberates the topic.
Is procurement more art than science? Read More »
The Millennial Generation represents one of the greatest potential influences and challenges to managing talent in the next year or two. Hackett’s 2016 Procurement Key Issues study revealed that talent management remains one of the top-three critical or major areas of focus for virtually all procurement organisations. The two perennial favourites, category management and strategic
Planning procurement’s response to the Millennial Generation Read More »
The seasonally-adjusted Purchasing Managers’ Index (PMI) declined to 46.2 index points in February 2019, down from 49.9 in January. “Despite the decline, the average recorded during the first two months of Quarter 1 of 2019 is slightly above the average seen in Quarter 4 of 2018”, noted the Bureau for Economic Research (BER) in its
February 2019 PMI down Read More »
Blockchain hype has spread like wildfire… “But it’s time for a reality check”, says Bertrand Maltaverne, Solutions Consultant, who helps organisations to digitally transform their procurement practices. Don’t — Don’t — Don’t — Don’t believe the hype Don’t Believe the Hype is a song by Public Enemy that dates back to 1988 and (if loosely
Blockchain will not save the world (at least not this year…) Read More »
The seasonally-adjusted Purchasing Managers’ Index (PMI) edged lower to 49.9 index points in January 2019, down from 50.7 in December 2018. Despite the decline, the index remains 2 points above the average recorded in 2018, which suggests that manufacturing started the year on fairly solid footing. The performance of the PMI’s sub-components was more mixed,
January PMI points to solid start to 2019 Read More »
Supply Management‘s Lucy Patchett takes a look at some of the key trends for 2019… Adaptability will be key to managing risk Procurement is operating in an uncertain environment, with negative impacts from Brexit, trade relations and general economic instability. Being ready to react to change efficiently will make all the difference. IHS Markit predicts
Procurement predictions for 2019 Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) ended 2018 on a positive note, reaching its best level of the year. The PMI rose from 49.5 in November to 50.7 in December, which is just above the neutral 50-point mark and signals growth in the sector. The headline PMI was well supported by three of the
PMI ends 2018 with its best performance Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.5 index points in November from 42.4 in October. This was the PMI’s first increase after three straight months of declines and brought the index to the best level since July 2018. The improvement was broad-based with four out of the five main subcomponents rising
November PMI shakes off 3-straight-month decline Read More »
The distinction between direct and indirect procurement was traditionally made in the context of manufacturing businesses. However, procurement disciplines have evolved more widely into the non-manufacturing sector and, accordingly, the distinction between direct and indirect procurement has broadened. In this month’s SmartProcurement, Eman Abouzeid (CSCP, CIPS), a procurement and supply chain professional with global experience,
Why is the difference between direct and indirect procurement important? Read More »
The Purchasing Managers’ Index (PMI) remained virtually unchanged at a weak level of 43.2 points in September 2018. “The latest figure dashes any hope that the sharp PMI decline in August was a once-off occurrence”, said the Bureau for Economic Research (BER) in its monthly PMI report. The average level of the PMI in Q3
Unchanged PMI dashes hopes that August decline was temporary Read More »
