Change Archives - Page 9 of 14

Changing behaviours in sourcing – Q&A with Salesforce and Oracle’s former CPO

Leave a Comment / Change, Global Sourcing, Procurement Leaders, Smart Sourcing, Sourcing Strategy, Strategic Sourcing, Supply Chain Management SCM / Editor

CPO of VSP Global Greg Tennyson leads transformative change. He is the former VP and CPO (source-to-settle and expense-to-settle) at Salesforce and Oracle. Greg sat down with ScoutRFP to discuss sourcing’s ever-evolving relationship with business – he talks culture, Moolah (the spend-it-like-its-yours monster) and how CPOs can work with the pace of change at an organisation […]

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PMI – SA’s manufacturing sector performance disappoints

Leave a Comment / Change, Commentary, PMI / Editor

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) had a tough start to Q3 2017, declining by 3.8 points to 42.9 in July. The headline PMI was last at such a depressed level in the second half of 2009 – a period of very weak underlying economic performance. All five of the major PMI

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9 success factors for implementing a procurement transformation project

Leave a Comment / Change, Procurement Strategy, Supplier Management, Supply Chain Management SCM, Technology, Tools & Tips / Editor

More South African organisations are starting to recognise the value that procurement transformation initiatives bring to the bottom line. Successful procurement transformation projects reposition the source-to-pay process for success, across the entire organisation. The entire source-to-pay process is made efficient and highly collaborative, providing organisations with a competitive advantage. Procurement transformation can be defined

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Human talent, not technology, still the critical factor in procurement

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According to 1st Executive, the human element, rather than technology, is still the critical factor in the procurement process. The specialised procurement and supply chain consultancy argues that the human factor is increasingly overlooked in the procurement process, in favour of automation. 1st Executive has urged firms to review their existing e-systems, to ensure

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Procurement models ineffective, say 51% of executives

Leave a Comment / Change, Procurement Strategy / Editor

A survey conducted by the Ayming Consulting Group, found that more than half of the procurement executives (51%) interviewed do not think their current procurement model is effective. The survey involved a number of executives from different size businesses, across a range of sectors. The survey of 200 executives – including CEOs, CFOs and

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PMI indicator does not bode well for output growth

Leave a Comment / Change, Commentary, PMI / Editor

The seasonally adjusted Absa’s Purchasing Managers’ Index (PMI) declined from 51.5 index points in May 2017, to 46.6 index points in June 2017. The Bureau of Economic Research (BER) said that “the deterioration was broad-based, with four of the five main subcomponents moving lower, compared with May.” The BER added that “the recent volatility is

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Procurement’s value will be judged on its alignment with the organisation’s strategy

Leave a Comment / Change, Legal / Contract, Procurement Strategy, Professional Development, Sourcing Strategy, Supplier Management, Supply Chain Management SCM, Technology / Editor

Is your procurement division a purchasing or a procurement function? More importantly, into which category does your CEO and other key executives place your function? Shiraz Sarang, CPO at Nedbank discusses how procurement professionals can elevate the importance of the procurement function within an organisation, in this month’s SmartProcurement.

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Raising procurement’s image – one person at a time

Leave a Comment / Change, Commentary, Procurement Strategy, Professional Development / Editor

Who’s willing to stand up and bear the flag of procurement pride and improve our image? Elaine Porteous wants reinforcements to help raise the function’s status up to where it belongs.

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Five ways to streamline your procurement

Leave a Comment / Change, Procurement Cards, Procurement Strategy, Technology / Editor

Running a successful business is stressful. Very stressful, in fact. Arguably the biggest challenge facing chief procurement officers and procurement managers is cashflow. Ensuring that you have the right stock levels without sacrificing pricing, or incurring wastage, will go a long way in alleviating month-end pressure. Open communication between the procurement- and finance departments

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