In the realm of supply chain management, where efficiency and precision are paramount, disruptions can send shockwaves through even the most finely-tuned systems. One such disruption that has cast its shadow over the supply chains of South Africa is loadshedding. This IMM Graduate School blog delves into the intricate web of challenges that loadshedding poses […]
SRM Supplier Relationship Management
In this 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, believes that in 2024, procurement will elevate business. In this article and over the next two issues of SmartProcurement News, he will take us through predictions and advice collected from procurement experts globally, to help professionals in the industry navigate the immediate future.
Africa’s pharmaceutical sector is in the midst of a significant transformation, writes Head of Supply Chain at Kimberly-Clark in Nigeria, Adenike Onasoga. With over 70% of medicines consumed on the continent being imported, this sits at $14 billion. It’s evident that this poses a huge threat to the continent, given the various global disruptions in
SmartProcurement asked Chat GPT (a Large Language Model (LLM) Artificial Intelligence that’s currently taking the world by storm) to tell us more about itself and what it can do for procurement professionals. The article that follows was written by Chat GPT in response to this question. Hey there! I’m Chat GPT, an advanced AI
The question, says Cape Town green economy leader Jaisheila Rajput, is whether you should be focusing on ESG or sustainability or treating them as the same thing. Here she gives her views which will undoubtedly help to clarify the matter for many. ESG (Environmental, Social and Governance) on the one hand, and sustainability on the
Preparing for a negotiation is critical to success. Though not intended as a substitute for learning, preparing this checklist from Next Level Purchasing can steer your negotiation preparation for great results. Do you follow these steps? Identify the primary supplier to negotiate with. Identify your second-best option in case you cannot reach agreement with your
Several questions arise when it comes to negotiating. As one goes into a negotiation, there is one striking question that one needs to ask oneself: “Is the price the only subject for negotiation?” Ronald Mlalazi (MCIPS), Managing Director of Commerce Edge South Africa, discusses here the need for procurement professionals not to limit their negotiations
Successful supply chain management is much more than keeping track of shipping records, emphasises Kate Vitasek, Washington State-based author, educator and architect of the Vested® business model for highly collaborative relationships at Tennessee University. In this article, provided courtesy of Forbes, Kate highlights three key terms that are essential for any company, but are often
“Given the disruption of the global economy, it’s become a suppliers’ market – and they’re not happy,” says Gary Wollenhaupt, a veteran B2B technology content marketing writer, specialising in supply chain & logistics, based in Phoenix, Arizona. He tells SmartProcurement what this means for procurement and supplier relationship management. Suppliers are using their new leverage
One of the most common assumptions made by large enterprises is that having a digital purchasing system means they have unlocked all the potential value in their procurement process and they do not need access to a B2B marketplace. You have a digital procurement process, but you’re not seeing the value you expected. What now?