Decisions and consequences go hand-in-hand. This is why having adequate, relevant information at your fingertips is a critical aspect of any decision-making process – more so when these decisions affect the operation of business and company reputation. In procurement, the optimal goal is to manage risks and costs within a company, making it an […]
Turning supplier information into procurement insight Read More »
Traveller non-compliance is an increasing area of concern among travel buyers and managers internationally, with great efforts made to persuade travellers of the benefits of compliance that extend beyond “because the company said so”. A recent study conducted by FCM Travel Solutions and the African Business Travel Association (ABTA) revealed that the level of
Do SA business travellers toe the travel-policy line? 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 »
Mistakes in business come with the territory, but those made in procurement ought to be considered among the most detrimental to the success of an operation. Common procurement related risks include supplier issues such as delivery delays, increases in demand, quality problems and fraud. These issues are often the result of mistakes made in
4 procurement vetting pitfalls to avoid Read More »
Is your procurement division a purchasing or a procurement function? More importantly, into which category does your CEO and other key executives place your function? Shiraz Sarang, CPO at Nedbank discusses how procurement professionals can elevate the importance of the procurement function within an organisation, in this month’s SmartProcurement.
Procurement’s value will be judged on its alignment with the organisation’s strategy Read More »
Many Japanese car makers have recalled whole fleets of models owing to faulty airbag modulesProfit is the ultimate objective of every business operation. However, there are several threats to revenue, including market competition, internal fraud, poor leadership, high expenditure, regulatory obligations and weak links in supply chains, particularly concerning suppliers. “Working with the wrong supplier
Vetting suppliers: avoid introducing risk into your supply chains Read More »
Procurement practitioners are responsible for ensuring a fair and transparent procurement process that is free from any conflicts of interest. Despite frameworks like the Public Finance Management Act, Municipal Finance Management Act and the King IV Report on Corporate Governance, there have been numerous incidents in which procurement professionals were found guilty of allowing their
Protect the procurement process from conflict of interest Read More »
Black Economic Empowerment (BEE) is one of the most highly regulated aspects of the South African business landscape today. The most recent changes to the regulations have both large corporate businesses and smaller businesses returning to the scorecard drawing board. Louis Coetzee – General Manager of the Ecsponent Development Fund (part of JSE-listed African
BEE: look beyond regulation to be effective in supply chain Read More »
The age of 1s and 0s has revolutionised the way we consume and share information. In the commercial environment, there is hardly a business function that does not make use of technology to perform even the simplest of tasks. Supply chain has been one of the departments to embrace technology the slowest. However, the SC
Procurement benefits most from supply chain digitisation Read More »
Before you start, ensure that you have the best global sourcing and product experts that you can afford, says Sanet Shepperson (MCIPS) in this month’s SmartProcurement.
Identifying and mitigating global sourcing risks Read More »
