In order to optimise vendor ecosystems, companies consider various types of vendor-related information to determine which vendors are best suited to their supply chains. Companies, typically, limit this to information that is directly linked to quality, performance and price KPIs. “However, an often-neglected, yet very important, element in the optimisation ‘equation’ is vendor company risk”, […]
Suppliers play a huge role in the operational capacity of a business. With a mutually healthy relationship, trusted suppliers can help a business satisfy customer needs, even in a pinch. However, businesses that source goods or services from questionable suppliers run a great risk of failing to meet their own obligations to customers. Such weak
Fix the weak links in the supply chain with vetting Read More »
Ensuring that the right quality of an item is ordered and delivered may seem like a fairly obvious responsibility. However, doing so in practice requires a fairly sophisticated understanding of market conditions and user requirements, which, like many organisations, municipal departments do not possess. “There is a higher probability of generating measurable savings if municipal
Municipal materials management may require a counter-intuitive purchasing approach 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 »
Procurement fraud can be committed by employees acting alone or in collusion with suppliers. Fraudulent activities between suppliers and employees create a host of challenges for the business if allowed to continue under the radar. With this threat, the onus rests with organisations to create a culture where fraudulent activities are easily identified and dealt
When supplier-employee relationships cross the line Read More »
Just as digital supply chains bring rewards, they also bring dangers. Supply chain managers are always on the lookout for corruption, but in the digital age the clues are harder to spot, warns Dr Abdul Majid Mahomed, Head of Professional Body CIPS, SA. Digitalisation is the buzzword of the moment and the future of supply
Rewards of digital supply chains obscure dangers Read More »
‘Procurement irregularities’ has taken 3rd place on Corruption Watch SA’s Corruption Report 2017 (CRW2017). Coming in at 12% of the reported types of corruption, procurement irregularities trails bribery as the most common form of reported corruption (27% of cases). However, CRW2017 does not define ‘procurement irregularities’, which caused Xavier Greyling (MCIPS) to question if procurement
What is the true cost of unethical conduct? Read More »
Rampant corruption and fraud in the public and private sectors have plagued South Africa for many years. However, a glimmer of hope appears to have followed the State of the Nation Address (SONA) in February, after President Cyril Ramaphosa reassured South Africans that corruption, fraud and collusion in the public and private sectors will be
Hope in the face of rampant corruption and fraud in Procurement Read More »
Suppliers can fail you in many ways. Supplying inferior quality goods and services, missing deadlines or data breaches can affect the bottom line and reputation of a business. However, while risks are ever-present, some are more avoidable than others – including the effects of mistakes and failures by suppliers” says Rudi Kruger, General Manager of
4 tips to manage supplier risk Read More »
The workforce is fundamentally changing and it’s increasingly important that you can access the skills you need when, where and how you need them. But with the increase in corporate usage of external workers comes additional challenges and risks. Toni Jackson, Director of APAC at Fieldglass, an SAP company, in Sydney, unpacks the implications.
Whose services are your really procuring? Read More »
