Legal / Contract

What if procurement savings didn’t matter?

Most say that savings are just one component of this value proposition and that we need to look outside of savings into other areas of value, like stimulating innovation, supporting the organisation’s corporate social responsibility goals and reducing risk throughout the supply chain. Everyone agrees with these articles and, as we map out KPIs for

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Expense reconciliation: tips to improve your process

  Is the financial year-end getting the better of you? Are suppliers unco-operative? Are you late with their payments? Are you over budget and struggling to balance the books? If any of the above scenarios apply to you, take heart in knowing that you’re not alone. Balancing inconsistent supply chain management practices with increasing costs

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Case study: Supply chain risk assessment

In this month’s SmartProcurement, Crest Advisory Africa’s Nico Snyman outlines a case-study on supply chain risk assessment. Crest Advisory Africa (CAA) recently performed an Online Supply Chain Risk Assessment (OSCRA) on a site within the Gauteng area for a leader in the construction environment who works with a number of value chains and supply chain

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Negotiating with consultants – the insider perspective

In the indirect category one of the tricky negotiations is consultants. In many cases, they are brought in at high levels of the organization for their specific expertise. Often they have already been awarded the contract and are ready to start the assignment with the contract being the clean-up details. Has this ever happened to

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Trump’s call for new medication tenders assumes that price is the aim, rather than a change in a patient’s life quality

Donald Trump’s remarks around creating “new bidding procedures for the pharmaceutical industry because they’re getting away with murder”, may have knocked US pharmaceutical stocks, but whether there is a procurement business case for putting more medication tenders to the market is debatable, says Jonathan Webb, supply chain contributor for Forbes.com The President-Elect’s January 11 comments

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8 ways procurement can radically reduce costs

  Procurement-managed expenditure accounts for an average of 65-75% of many organisations’ outflows. Tough economic situations, therefore, require procurement professionals to continually implement and manage cost reduction programmes. As many organisations continue to search for ways to reduce costs, there should be an agreed and well-defined programme for and by supply chain professionals to cut

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Do current ESD practices work?

The Enterprise and Supplier Development (ESD) element of the revised BBBEE Codes has made it clear that providing only financial and non-financial support to small suppliers and SMMEs is no longer sufficient. Considering the imperative that the ESD element places on strategically engaging with suppliers, Christa Bonnet, founding member and Chief Executive Officer (CEO) of

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