By Kate Vitasek If your company is like most, it promotes ‘boilerplate’ contracts or, at a minimum, pushes for standardised terms, such as contract length, warranties, a 30-day termination of convenience clause or 90-day payment terms. While this may make your lawyer and Chief Financial Officer (CFO) happy, Russell Korobkin suggests that using standard contract […]
Why standard contract terms can be bad for you Read More »
Customers and suppliers alike maintain that they value innovation. But, far too many outsourcing contracts are full of perverse incentives that inherently disincentivise suppliers from investing in innovation. The result? A catch-22 where outsourcing relationships become a race to the bottom, a situation where organisations think they are spurring on innovation but, in reality, they
The catch-22 of outsourcing relationships Read More »
The key processes and activities involved in contract management are fundamental to making sure you and your suppliers know your responsibilities under an agreement and that everyone meets those obligations. Eman Abouzeid (CSCP, CIPS), a procurement and supply chain professional with global experience, explores the benefits of having effective contract management in your procurement department,
Leveraging effective contract management in procurement departments Read More »
They say a picture tells a thousand words. How about a procurement meme? Okay, millennials. Strap yourselves in, because Hugo Britt, Content Manager at Procurious, is going to attempt to meme. Is meme even a verb? Perhaps not, but that isn’t going to stop him. For older readers who don’t really know (or care) what
Procurement in 7 memes Read More »
“What business strategy is all about is, in a word, competitive advantage. The sole purpose of strategic planning is to enable a company to gain, as efficiently as possible, a sustainable edge over its competitors. Corporate strategy thus implies an attempt to alter a company’s strength relative to that of its competitors in the most
Logistics: an opportunity for competitive advantage Read More »
Are performance clauses and outcomes-based contracts the answer? Dr Susan de Witt from the Graduate School of Business at the University of Cape Town unpacks contract performance measurement in this month’s SmartProcurement For as long as we can remember – if a government or donor wanted a third-party implementer to teach 100 children in a
Contracts: Paying for what works Read More »
Greg Tennyson is the CPO of VSP Global, where he leads transformative change. He is the former VP and CPO (source-to-settle and expense-to-settle) at Salesforce and Oracle. In part 3 of the conversation with ScoutRFP, Greg talks tech and “self-service sourcing” in the final segment on changing sourcing behaviours.
There’s a lot going on. The changing and challenging times we currently face are probably greater than they’ve ever been. What is the implication for procurement? What do we need to keep abreast of and continually work on? Duncan Brock, Director of the Chartered Institute of Procurement and Supply, offered his insights during his opening
What is affecting procurement? Where is the profession going? Read More »
Integrity in government procurement must be held to the highest standards on every RFP and tender issued Stephen Bauld deals with so many issues related to the integrity of the request for proposal (RFP) process every week. As a government procurement expert, he is concerned about the way municipal procurement staff understand the policies and
Integrity and competence a must in government procurement Read More »
As the second day of Smart Procurement World conference unfolds, more than 1000 visitors have come through to equip themselves with knowledge about procurement, supply chain, enterprise development and how to support Small, Medium and Micro Enterprises (SMME). “Google can give you so much, but by attending this conference, I am hoping to find
Visitors and exhibitors flock to the Smart Procurement World conference Read More »
