Risk Management Archives - Page 5 of 11

Digital innovation moves procurement risk and transparency forward

Leave a Comment / Legal / Contract, Risk Management, Technology, Tools / Editor

The act of obtaining or buying goods for business can be extremely complex. Compounded by numerous risks and time-consuming tasks, the additional pressures of procurement (like planning, supplier research, value analysis, price negotiation, contracts administration and inventory control) only add to the overall stress of the job. With so much to consider, the need for […]

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What is affecting procurement? Where is the profession going?

Leave a Comment / Commentary, Contract Management, e-Procurement, Procurement Strategy, Risk Management, Supplier Partnerships / Editor

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

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Set suppliers up for success and mitigate preferential procurement risks

Leave a Comment / Enterprise Development, Legal / Contract, Preferential Procurement, Risk Management, Supplier Management, Supplier Partnerships / Editor

Even if organisations are not doing business with organs of state, they may well form part of the supply chain of organisations to which the PPPFA directly applies. Therefore, they need to be aware of its scope and provisions. Corporate businesses are actively seeking and supporting black-owned and black woman-owned Exempted Micro Enterprises (EMEs)

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Turning supplier information into procurement insight

Leave a Comment / Legal / Contract, Risk Management, Supplier Partnerships, Supplier Selection, Supply Chain Management SCM, Technology, Tools / Editor

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

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Do SA business travellers toe the travel-policy line?

Leave a Comment / Category Management, Legal / Contract, Risk Management, Technology, Tools, Travel / Editor

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

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4 procurement vetting pitfalls to avoid

Leave a Comment / Legal / Contract, Risk Management, SRM Supplier Relationship Management, Supplier Selection / Editor

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

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Vetting suppliers: avoid introducing risk into your supply chains

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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

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Protect the procurement process from conflict of interest

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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

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Procurement benefits most from supply chain digitisation

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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

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Identifying and mitigating global sourcing risks

Leave a Comment / Global Sourcing, Legal / Contract, Risk Management, Sourcing Strategy, Supplier Management, Supply Chain Management SCM / Editor

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 »

Risk Management

Digital innovation moves procurement risk and transparency forward

What is affecting procurement? Where is the profession going?

Set suppliers up for success and mitigate preferential procurement risks

Turning supplier information into procurement insight

Do SA business travellers toe the travel-policy line?

4 procurement vetting pitfalls to avoid

Vetting suppliers: avoid introducing risk into your supply chains

Protect the procurement process from conflict of interest

Procurement benefits most from supply chain digitisation

Identifying and mitigating global sourcing risks

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