The pressure is on for procurement to set an example for ethical sourcing practices. Find out why it’s such a prevalent topic and what you need to be aware of in your organisation, from the dynamic Australian communications expert, actor and writer, Alice Marks.
Ethical Sourcing Matters Read More »
Absa Purchasing Managers’ Index December 2021 Published by the Bureau for Economic Research, University of Stellenbosch The seasonally adjusted Absa Purchasing Managers’ Index (PMI) lost some momentum in December 2021 but remained in expansionary territory. The headline index declined by 3.1 points to 54.1. Excluding inventories, all the major subcomponents of the PMI were lower
December Purchasing Manager Index (PMI) Read More »
By Teigan Margetts, Manager / Consultant at Red Hero Group In procurement, we innovate. We conquer digital transformations. We handle worldwide disruptions. But some of our processes? They’re holding us back, and here’s why… Hear more international insights around overhauling procurement at the upcoming Smart Procurement World Indaba in September 2021. Michael Pleuger, a business
3 Procurement processes that are overdue for an overhaul Read More »
By Kelly Barner, Owner and Editor, Buyers Meeting Point “Direct and indirect spend management is not the same thing, nor should they be treated as such. Anyone who tries to convince you otherwise is focusing on simple document transactions.” – Jennifer Ruscelle Petersen, Global Head of Advocacy, SAP Intelligent Spend & Business Network Direct spending
When managing direct spend, the difference is in the details Read More »
By Sarah Scudder, President and Chief Revenue Officer, Real Sourcing Network Tail spend presents a classic Catch-22 for sourcing and supply chain professionals: bringing tail spend under professional management can produce direct cost savings, but it can also lead to higher indirect procurement costs…
How print e-sourcing helps solve the tail spend Catch-22 Read More »
By Chris Gaffney, Mark Shaughnessy and Anshu Prasad CFOs must challenge supply chain and transportation leaders to help build more robust, more resilient transportation networks. Transportation seems to be the topic of conversation more often these days. It ranges from shortages on our grocery store shelves to the news of a large container ship stuck
Four questions CFOs should ask their supply chain leaders Read More »
By Stephen Bauld During these difficult times of the pandemic, it can put additional stress on supply chain management in general. Sometimes in procurement, we can be viewed as the “purchasing police” from other organisation members with too many rules and regulations to follow. From a procurement leadership perspective, attention is usually focused on the
Procurement perspectives: managing effectively in the procurement environment Read More »
Companies need to become more resilient in their supply chain strategies but without sacrificing cost-effectiveness, warn experts The Covid-19 crisis has been a wake-up call for supply chain professionals, on whom marketing teams are often so dependant. According to a study by the Boston Consulting Group (BCG), for years, companies have focused on eliminating redundancy
Economies emerging from pandemic, but supply chain woes continue Read More »
The Purchasing Managers’ Index (PMI) plunged in July, signalling that the output recovery in the manufacturing sector was set back notably at the start of Q3. From an elevated 57.4 in June, the headline PMI suffered a record single-month decline of almost 14 points. It dropped to 43.5 in July, which is well below the
By Alejandra Garcia (MCIPS), Vice President: Procurement, Royal DSM In the first part of this three-part article series, I focussed on obtaining customer insights; in the last part, I will deal with crisis management, but nothing can be achieved in any function without an engaged, fit-for-purpose team – the focus of this second instalment. It
The inclusive CPO (part 2): cultivate your team Read More »
