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 […]
Sharp fall in PMI possibly reflects bleak sentiments around land debate Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell further below the neutral 50-point mark in June. The index lost 1.9 points to reach 47.9, down from May’s 49.8 points. The dip means that the average level recorded during Q2 of 2018 is only 0.3 points above Q1 of 2018’s average and still below the key
June PMI falls further, dragged by sentiment around expected business conditions Read More »
How can the procurement function adapt to the new reality of Industry 4.0? What can procurement leaders do to lead the change? To explore possible answers to these questions, Dan Bartel, Group SVP, Head of Procurement & Logistics/Chief Procurement Officer, ABB, unpacks Industry 4.0 in the context of Klaus Schwab’s 2016 book, The Fourth Industrial
Procurement and the 4th Industrial Revolution Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) dipped back to just below the neutral 50-point mark in May. The index declined to 49.8 index points, down from 50.9 in April. Despite the fall, the average level of 50.4 points recorded during the first two months of Q2, 2018, is not only above the neutral 50-point
PMI retreats, but Q2 averages higher than Q1 Read More »
By Bertrand Maltaverne, a Solutions Consultant who helps organisations digitally transform their procurement practices. To be honest, I haven’t totally figured out all of the details of the inner workings of the blockchain technology. And I do not think I will ever try to as some of it is very technical. I also do not
Blockchain: what are the opportunities for Procurement? Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) erased the losses sustained in March and edged back above the neutral 50-point mark in April. The index rose by 4 points to reach 50.9 index points in April. This is relatively in line with the level recorded in February and above the average recorded during the first
April PMI rises above Q1 average and exceeds 50-point mark Read More »
‘Procurement irregularities’ has taken 3rd place on Corruption Watch SA’s Corruption Report 2017 (CRW2017). Coming in at 12% of the reported types of corruption, procurement irregularities trails bribery as the most common form of reported corruption (27% of cases). However, CRW2017 does not define ‘procurement irregularities’, which caused Xavier Greyling (MCIPS) to question if procurement
What is the true cost of unethical conduct? Read More »
The Purchasing Manager’s Index (PMI) edged above the neutral 50-point mark for the first time since May 2017. The index rose to 50.8 index points in February, up from 49.9 in January. This means that the average for the first two months of 2018 is slightly above 50, which bodes well for the manufacturing sector.
Improved business activity pushes PMI above crucial 50-point mark Read More »
How can you embrace the notion of procurement with purpose authentically and in ways that are consistent with your core beliefs and ideals? Patrick McCarthy, SVP and GM, SAP Ariba North America, guides the way… Sustainability improves the bottom-line and companies can do good while doing well. In fact, research shows that purpose-driven companies with
Procurement with purpose: beyond the bottom-line Read More »
The Purchasing Managers’ Index (PMI) rose to 49.9 index points in January. This is the best reading since May 2017 and the 5-point rise counters the 3.7-point slump experienced in December 2017. The January PMI suggests that the local manufacturing sector began the year on relatively solid ground compared with recent readings, noted the Bureau
January PMI rebounds from December fall Read More »
