Easily calculate your annual BBBEE expenditure from your ERP or accounting system. Procurement information solutions provider Ezee-Dex has released an expenditure analysis feature that makes it possible for organisations to generate broad-based black economic empowerment (BBBEE) expenditure reports in only a few minutes, MD Cathrin Heath tells SmartProcurement.
Generate BBBEE expenditure reports in minutes Read More »
Rapidly growing BRIC emerging economies are subject to external shocks as they lack adequate risk management and must synchronise fiscal and monetary policies, a survey of finance ministry officials showed. The survey, released in January by consultancy Booz & Company, said the role of finance ministries has expanded far beyond its traditional fiscal mandate and
Lack of risk management exposes BRIC economies – survey Read More »
Sooner or later most senior Procurement Managers will be faced with an enquiry into procurement practices, levelled at the individual. Robert Cameron-Ellis, Director of ENS Forensics, gave delegates at SmartProcurement World some insight into what to expect and how to prepare for the inevitable. “If you are faced with a departmental enquiry then your best
Risks facing senior procurement professionals in their personal capacity Read More »
A 2010 McKinsey case study on purchasing organisations found that Absa Group Sourcing (AGS) leads the industry average (3.1 vs. 2.5), while excelling in category purchasing processes, where it achieved a higher rank than 80% of the organisations in its industry and well beyond the banking industry average. AGS has delivered sustainable, annualised savings equal
Absa’s proactive supplier management practices – Risk management in procurement Read More »
Several SmartProcurement World 2010 speakers discussed the high levels of corruption exposed daily throughout the African continent – South Africa itself being the victim of many improper business practises within all sectors of the national economy. It was widely agreed that organisations need to reform their policy and procedure handbooks to ensure that positive steps
The contents of an ethical purchasing policy Read More »
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
At risk of bad data Read More »
If you feel despair and experience a sinking feeling of impending gloom when opening your eagerly awaited RFPs on due date, spare a thought for the bid panel putting together the tender responses for you. It is Friday afternoon at 4.30 pm and the bid closes at 10am on Monday. The bid panel is committed
Tips for winning tenders – upcoming conference Read More »
The president’s office has heeded the call from South Africa’s business sectors to put the brakes on corruption and has ordered a probe into allegations of corruption in no less than seven government departments. The departments’ procurement practices have come under the scrutiny of the Special Investigating Unit (SIU). “The SIU is treating these matters
Corruption: 7 government departments under the microscope Read More »
Have you ever sat in a sourcing negotiation where one of your own made a gaffe by blurting out an unplanned question or statement? It happens more often than you think and can cause the group to suddenly lose ground when it was going oh, so well, says Elaine Porteous, SmartProcurement contributing editor. In a
Negotiators with two left feet – how not to be your own worst enemy Read More »
“Zuma intervenes in public sector strike in its third week.” President Jacob Zuma intervened in the 13-day public sector strike in the early hours of Monday morning, instructing ministers to immediately return to the negotiating table. “He appealed to both sides to put the interests of the country first. That would mean give and take
Strike action – 5 tips for breaking negotiation deadlock Read More »
