Procurement professionals who traditionally measure their effectiveness by means of savings will sooner or later face the following problems: a depletion of supplier resources and a loss in supplier motivation in terms of further co-operation. Suppliers cannot always be the sole source of benefits, patching holes in your company’s balance sheet with their funding, says […]
8 ways to create procurement value Read More »
Different concepts have been developed to understand how to successfully implement logistics and supply chain management. “In the case of the hotel industry, logistics and supply chain activities must be grouped into tactical, strategic and operational levels”, says Godfrey Otiato (MCILT). Taking this view helps to create a more systematic approach by focusing on how
How to implement supply chain management in the hotel industry Read More »
Most of us working in procurement for a large organisation get new and updated Key Performance Indicators (KPIs) every year. Shaun Stoch, Procurement Management at Maersk Line, often finds himself looking at his KPIs and asking the question: “where does this fit into the value chain and do my KPIs actually improve our product offering?
Procurement and our KPIs Read More »
The ambition of creating a developmental state to transform the Apartheid economy has been hamstrung by an inability to implement transformation policies; it is a situation exacerbated by a lack of skills, competencies and capacity; and the patronage of corrupt procurement practices. Prof. Marcus Ambe, from the University of South Africa’s School of Public and
5 pillars – a procurement blueprint for accelerating inclusive growth 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 »
Why do we need to develop collaborative relationships with our key suppliers? Because we want to (a) reduce costs, (b) make process improvements, and (c) encourage innovation in products/services. “The first two both sound quite straightforward, but to achieve innovation takes a bit more effort. We need to be open and transparent with those suppliers
Instead of wasting time, collaborate with key suppliers for continuous improvement 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 »
Brexit’s questions will start to be answered While 2017 was the year of Brexit uncertainty, 2018 will be the year when things start to change. “Procurement teams will need to start proactively helping their businesses deal with that change and minimise exposure to contract and legal risk”, says Sam De Silva, Partner at law firm
Procurement predictions for 2018 Read More »
When it comes to choosing suppliers, some procurement teams are losing sight of what matters most. Instead of focussing on the long-term, strategic value of a relationship, many often get caught up in the transactional aspects of signing a supplier, such as pricing, contracts and negotiations. They get so wrapped up in the details around
Procurement: Are you getting the most out of your supply base? Read More »
Greg Tennyson is the CPO of VSP Global, where he leads transformative change. He is the former VP and CPO (source-to-settle and expense-to-settle) at Salesforce and Oracle. Greg sat down with ScoutRFP. In part 2 of the conversation, Greg unpacks three ways companies can work to change sourcing behaviours – and gain street cred
Gaining sourcing street cred – Q&A with Salesforce and Oracle’s former CPO Read More »
