Procurement Strategy Archives - Page 29 of 37

Managing production costs could mean a 15% higher price/earnings ratio

Leave a Comment / Procurement Strategy, Supplier Management, Supplier Selection / StaffWriter

Organisations that reduce costs by managing the production cost of goods sold and not by cutting overheads had a price/earnings ratio 15% higher than their peers, reports performance advisory company Corporate Executive Board (CEB). “Organisations therefore need commitment from their suppliers for sustainable and rewarding cost savings,” Douglas MacGregor, MD of supplier service benchmarking company […]

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South Africa not ‘angry’ enough about corruption

Leave a Comment / Procurement Strategy, Public Sector Procurement, Supply Chain Management SCM / StaffWriter

South Africa is not doing enough to combat fraud and corruption in its business sectors, said Vusi Pikoli, Gobodo Incorporated Forensic Investigations Head, at SmartProcurement World 2010.

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The economies of distance

Leave a Comment / Procurement Strategy, Travel / StaffWriter

The distance your bed linen treks to be laundered is part and parcel of bushveld logistics. Glynn O’Leary, CEO of Transfrontier Parks Destinations (TFPD), tells SmartProcurement about the peculiarities of a bushveld supply chain. My heart sinks every time I have to fill in a form. Physical address? Area? Surely these are simple questions for

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Utilising Technology for Effective Collaboration

Leave a Comment / Procurement Strategy, Technology / Editor

The concept of collaboration is not new, however it has traditionally occurred between related companies with strong single leadership that offer each other a privileged right to use certain products, services and personnel. The development of technology has enabled organizations to expand their ability to collaborate beyond the traditional supply chain and into collaborative planning,

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At risk of bad data

Leave a Comment / Procurement Strategy, Risk Management / Editor

Data is only accurate when that accuracy can be proven and ignoring the effects of inaccurate and badly maintained supplier data has many detrimental effects on an organisation, Edward Smit, CEO of National Registry, tells SmartProcurement. Making a decision is an exercise in calculating risk, whether consciously or subconsciously in the decision-maker’s mind. Risk influences

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Innovate with off-the-shelf technology

Leave a Comment / Procurement Strategy, Technology / Editor

Innovation doesn’t have to come with a high price tag any more. With a little bit of technical savvy and some consumer-level wireless technology it is possible to create a paperless environment and speed up the distribution of work assignments to warehouse workers and other operations staff, Lloyd Mather, a Toronto-based logistics consultant specialising in

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Strategic Sourcing: Stretching a limited financial kitty – Part 3

Leave a Comment / Procurement Strategy, Sourcing Strategy / Editor

Dr. Douglas Boateng, SmartProcurement Editorial Board member and President of the Institute of Operations Management Africa discusses the needed shift in thinking, and subsequent adjustment in hierarchical structure, needed for Supply Chain Management, Procurement and Strategic Sourcing to receive due organisation-wide recognition. In part one of this series, the concept of strategic sourcing and how

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Turning the cost of an employee into an asset to the organisation

Leave a Comment / Procurement Strategy, Professional Development, Talent Watch / Editor

Procurement leadership can enhance employees’ performance, who can then add value by improving supply chain performance in their organisations, leading to an improved bottom-line and sustainable profitability, Ronald Mlalazi (MCIPS), Edcation Manager at Commerce Edge Academy, tells SmartProcurement. In his 9th article for SmartProcurement’s World-Class Procurement Practice series, Mlalazi discusses how the potential for an

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Justifying the resources required to operate a Procurement Function effectively

Leave a Comment / Education, Procurement Strategy / StaffWriter

The justification of the resources required for the Procurement Function to operate effectively and efficiently depends on a number of factors, Ronald Mlalazi (MCIPS), Ed ucation Manager at Commerce Edge Academy, tells SmartProcurement. In his 8th article for SmartProcurement’s World-Class Procurement Practice series, Mlalazi discusses how Procurement professionals can add value and improve supply chain

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Raising procurement’s profile – two sides of the coin

Leave a Comment / Procurement Strategy, Public Sector Procurement / StaffWriter

Negotiate a lower price on a contract. Add $10 000 to the bottom-line. Get Procurement represented on the board. Add $-millions to the bottom-line. Raise the profile of your profession, so that everyone can now see your lack of ethics. Priceless. While Procurement strives to raise its profile in the business world, toiling everyday to

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Procurement Strategy