The U.K.’s decision to leave the E.U. roiled markets, pummeling the pound and sending commodities linked to economic growth into a slump. As the dust clears and organisations begin to consider the long, uncertain road ahead, what are the top six implications for procurement and supply chain organisations?
6 Brexit implications for procurement Read More »
Running a leading procurement organisation is no longer just about attracting younger workers to supply chain and procurement careers. It is about keeping them there. Millennials are now the largest living generation, totalling 75 million, even overtaking baby boomers in size. By 2020, they are expected to represent 50% of the global workforce, too. But
How to keep Millennials in procurement Read More »
Black industrialists have a responsibility to maintain black ownership of their businesses. Failure to do so can set back government’s transformation efforts. As a black industrialist it means that one has to be involved in the running of the business on daily basis and according to the BEE act, a black industrialist cannot sell/resell
Understanding policies underpinning the creation of black industrialists Read More »
Developments within government such as the creation of the ministry of economic development and, more recently, the ministry of SMEs indicate that the public procurement system also needs to evolve to remain a relevant and proactive tool to drive sustainable economic development, said Adv. Siza Mthethwa, General Manager: KZN Supply Chain Management, KZN Provincial
Integrating procurement systems is required to achieve real economic transformation Read More »
Manufacturing optimism increased to 53.7 index points in June from 51.9 in May, surprising economists who had expected it to fall to 50.46, a Barclays-sponsored poll of purchasing managers, released on Friday, showed. June marked the fourth month the purchasing managers index (PMI) remained above 50 points.
Manufacturing optimism – PMI up almost two points Read More »
The Purchasing Managers’ Index (PMI) lost some of the ground it gained in April, falling back to 51.9 index points in May – a decrease of 3 index points from April’s 54.9 index points. Despite the drop, the headline PMI managed to remain above the neutral 50-point mark for a third straight month. As
PMI recovers to realistic level after April’s “overstated high” Read More »
The South African Purchasing Managers’ Index (PMI) continued its recent upward move and reached 54.9 index points in April. The PMI rose from 50.5 in March and is now more than 10 points above the level recorded just three months ago, noted the Bureau for Economic Research (BER). The new sales orders index rose
PMI improved strongly in April – surged 4.4 index points Read More »
South Africa’s Purchasing Manager’s Index (PMI) rose to 50.5 index points in March 2016. This is the first time since July 2015 that the index managed to edge above the neutral 50-point mark, signalling a possible expansion in the sector. While the improvement in March is encouraging, the average reading for Q1 2016 (47) is
PMI continues climb in March Read More »
“In these tough times, procurement and supply chain functions need to be agile to take care of the opportunities that present themselves, said Clive Govender, former head of Supply Chain for Anglo American Platinum at the Smart Procurement World Western Cape Conference. There is considerable uncertainty in South Africa’s immediate future: economically, commodity prices
Commerciality and the outlook of CPOs in uncertain times Read More »
The continued pressure on South Africa’s economic landscape requires procurement professionals to keep tight control on procurement processes. “There is a danger of taking shortcuts, even in procurement”, said Professor Jannie Rossouw of Wits University. There is pressure at all levels, said Rossouw, speaking at the Smart Procurement World Western Cape Conference. Owed to the
SA’s economic pressures require increased procurement controls Read More »
