Procurement Strategy Archives - Page 2 of 37

Procurement vs Purchasing vs Sourcing – Whats in a name?

“What’s in a name?”, asked William Shakespeare famously. Actually, quite a lot, when we’re talking about procurement, purchasing and sourcing, says Luca Ramasco, Italian procurement specialist and author. Professionals working in our fascinating business area agree nowadays in defining the process – from the specification of needed goods & services through to the supplier performance […]

Procurement vs Purchasing vs Sourcing – Whats in a name? Read More »

Procurement as a change agent for localisation and sustainability

Leave a Comment / Leadership and People, Procurement Strategy, Recently Featured, Sourcing Strategy, Sustainable Procurement / Bernie van Niekerk

Procurement strategy must be aligned to business strategy, says Dirk Karl, Group Executive: Chief Procurement Officer & Member of the Board, Global Sourcing Company (GSC), The MTN Group a valued African brand in telecommunications. He told delegates at the Smart Procurement World Indaba 2022 that two of MTN’s core business strategies are localisation and ESG

Procurement as a change agent for localisation and sustainability Read More »

What do ESG and sustainability mean for procurement?

Leave a Comment / Global Sourcing, Leadership and People, Procurement Strategy, Sourcing Strategy, Strategic Sourcing, Sustainable Procurement / Bernie van Niekerk

Sustainable procurement involves incorporating Environmental, Social and Governance (ESG) principles into procurement processes and policies, Matjale Matsaung, Global Sustainable Procurement Expert & Managing Director, Sechaba Bauen, told delegates at the Smart Procurement World Indaba 2022. The aim is to ensure that business with suppliers is conducted in a manner that aligns with corporate social responsibility

What do ESG and sustainability mean for procurement? Read More »

A ‘must read’ for procurement professionals everywhere

Leave a Comment / Leadership and People, Procurement Strategy, Sourcing Strategy, Sustainable Procurement / Bernie van Niekerk

Procurement specialists are talking about a new book in their industry, written by author and thought leader on procurement, sustainability and governance, Sanjay Kumar, which many say was a long time in coming. It will most certainly be of interest to South African procurement professionals who are particularly challenged by the increasing focus on sustainable

A ‘must read’ for procurement professionals everywhere Read More »

Digitilise Procurement or Risk Extinction

Digitalise Procurement or Risk Extinction

Leave a Comment / Category Management, Information technology, Leadership and People, Procurement Strategy / Bernie van Niekerk

The digital transformation of procurement is well underway, and any organisation that is clinging to analogue procurement in today’s digital world, is in danger of extinction, warn experts. This was one of the key messages from the procurement maestros who shared their insights with over 150 IT and professionals who gathered online for the third

Digitalise Procurement or Risk Extinction Read More »

Entrepreneurs & small business suppliers: Different but equal

Leave a Comment / Enterprise Development, Procurement Strategy / Bernie van Niekerk

Johannesburg Enterprise and Supplier Development expert and internationally-recognised thought leader on entrepreneurship, Hepsy Mkungo, spells out the commonalities and differences between small businesses and entrepreneurs that procurement specialists should know about. While both entrepreneurs and small business owners devote a huge amount of commitment and effort into their operations, there is a fundamental distinction between

Entrepreneurs & small business suppliers: Different but equal Read More »

Getting ethics back into procurement!

Leave a Comment / Legal / Contract, Procurement Strategy / Bernie van Niekerk

Procurement specialists can fight fraud and corruption if they stand united, says South Africa’s Lerato Sebata, who is passionate about accomplishing a profession that is ethical, respectful and effective. It is International Fraud Awareness Week, and, as experts in the procurement industry, we play a pivotal role in reducing fraud by taking a strong stance

Getting ethics back into procurement! Read More »

3 Procurement processes that are overdue for an overhaul

Leave a Comment / Contract Management, Procurement Strategy, Procurement Training, Tender Management / Liam

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 »

When managing direct spend, the difference is in the details

Leave a Comment / Procurement Strategy, Spend Analysis / Liam

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 »

How print e-sourcing helps solve the tail spend Catch-22

Leave a Comment / e-Procurement, Marketing, Procurement Strategy / Liam

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 »

Procurement Strategy