Technology Archives - Page 10 of 42

How can data improve supplier decisions?

Leave a Comment / Spend Analysis, Supplier Management, Technology / StaffWriter

The transportation and logistics industry has mountains of data available, and experts encourage carriers and their customers to embrace data-backed business decisions. Ben Goldwasser, a business development professional at Spendrix specialising in risk analysis, business administration and technology issues affecting the transportation and logistics industry, takes a brief look at using data to improve supplier […]

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10 procurement value creation ideas

Leave a Comment / Negotiation, Procurement Strategy, Sourcing Strategy, Strategic Sourcing, Supplier Management, Technology / StaffWriter

How can procurement create value beyond cost savings? David Millington, Certified Supply Chain Professional, Next Level Purchasing Association, offers ten procurement value creation ideas in this month’s SmartProcurement. Join us at Smart Procurement World Western Cape on 9 & 10 April for a discussion on reaching true partnerships with strategic suppliers. Sanet Shepperson (Executive Head:

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Where the world of procurement is heading

Leave a Comment / Spend Analysis, Technology, Tools / StaffWriter

Having more data generated in the last two years than in the history of mankind is an opportunity to recognise how analytics is a source of competitive advantage. Sammeli Sammalkorpi, Co-founder of procurement analytics solutions provider Sievo, shares some key points from a lecture presented at the London Business School.

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Blockchain will not save the world (at least not this year…)

Leave a Comment / Change, Commentary, Technology, Tools / StaffWriter

Blockchain hype has spread like wildfire… “But it’s time for a reality check”, says Bertrand Maltaverne, Solutions Consultant, who helps organisations to digitally transform their procurement practices. Don’t — Don’t — Don’t — Don’t believe the hype Don’t Believe the Hype is a song by Public Enemy that dates back to 1988 and (if loosely

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Walk the talk: machine learning and big data for procurement analytics

Leave a Comment / Commentary, Procurement Strategy, Smart Sourcing, Technology, Tools / StaffWriter

In procurement analytics, there are two clear trends: 1. Data is the new oil. 2. Big data and advanced analytics, such as machine learning, deep learning and neural networks, definitely create new opportunities. The way we can automatically extract insights from vast amounts of data will both unearth new opportunities as well as move tasks

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Procurement must champion IoT or risk falling behind

Leave a Comment / Procurement Strategy, Technology / StaffWriter

The procurement function will fall behind and suffer a wider skills gap if organisations do not proactively pilot the Internet of Things (IoT) technology, writes Supply Management‘s Su-San Sit. Robert Handfield, Executive Director at Supply Chain Resource Cooperative, notes that many procurement managers today are “frozen” when confronted with new technology and lacked the skills

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Perfecting the art of procurement? Learn from the masters

Leave a Comment / Procurement Strategy, Sourcing Strategy, Technology, Tools & Tips / StaffWriter

To move your procurement organisation to the next level, it pays to learn from the masters… New research conducted by Accenture Strategy shows that a small group of procurement masters – defined as the top 10% of procurement organisations in terms of performance – are delivering a 15:1 return on investment (ROI) to their organisations.

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New solutions signal the end of the 30-day account

Leave a Comment / Procurement Cards, Technology, Travel / StaffWriter

The frequent use of 30-day accounts by South Africa’s public and private sectors could soon come to an end, with new solutions providing corporate and government entities with a much-improved alternative. Although 30-day accounts are still widely used by the travel industry, these accounts are an unnecessary burden on Travel Management Companies (TMCs) whom are

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How to get to 100% value creation from procurement

Leave a Comment / Technology, Tools, Tools & Tips / StaffWriter

As procurement professionals, what do you think your suppliers think of you – and do you care? Do they see you as a hard-edged negotiator who wants to strike the best deal, based on price alone? Or do they see you as relationship-driven, keen to create more visibility within the business and developing inter-dependent relationships

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Rising to the procurement challenge: a story of talent and technology

Leave a Comment / Professional Development, Technology, Tools / StaffWriter

Procurement has a key role to play in driving business efficiency in the Fourth Industrial Revolution. To maximise its impact, research points to the fact that investing in the skills of people, especially leadership skills, will be just as important as keeping up with advances in technology. Kumeshnee West, Director: Executive Education at the UCT

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