Technology

New Expenditure Analysis tools empower procurement, increase savings

A new generation of expenditure analysis tools offers a route that procurement departments can follow to help their organisations avoid laying-off staff , Alan Low, Managing Director of Purchasing Index, tells SmartProcurement. The need to save money is universal in the current recession. In these times of austerity, encouraging management and staff of an organisation […]

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Quadrem Africa receives top award at annual IPSA/CIPS Pan Africa Conference

Global provider of e-Procurement and Supply Management Solutions, Quadrem, has announced that it received the top award for the Best Public Sector Procurement Project at the Institute of Purchasing and Supply South Africa and Chartered Institute of Purchasing and Supply’s Annual Pan Africa Conference in Johannesburg. IPSA  WIN Karen Van Vuuren, IPSA Chair of Board

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‘Supplier enablement’ is a key component for successful procurement processes in South Africa

This article appeared in the May newsletter with certain technical inaccuracies. SmartProcurement apologises for the error and would like to thank Quadrem for bringing the mistake to our attention and permitting us to re-print the article with the necessary corrections. The outsourced management of suppliers is of special significance in South Africa as a component

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Fraud prevention is better than cure

In many of our recent dealings with South African companies, there has been a common issue with abuse and fraud committed by employees on their company-issued credit cards. These cards are generally provided to employees on the understanding that they are to be used for business expenses only, and in most cases this is reinforced

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Procurement visibility needed at compulsive buyer: UK National Health Service (NHS)

In the United Kingdom (UK) Government’s search for budget balancing savings of tens of £ billions annually, as led by Prime Minister Gordon Brown, attention is increasingly directed to the more than £160 billion that the public sector reportedly spent on the procurement of goods and services from third party suppliers (half of which is

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The toughening economic climate – A ‘call-to-arms’ for the procurement function

At present there seems to be two schools of thought regarding the impact that the global economic recession is having in South Africa. People are either sure it is real and are dramatic in their response, or they are pragmatic in a perception of resilience through non-exposure. The recession is real. For the average housewife

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The ‘silver bullet’ in managing travel and entertainment expenses

Organisations that do not use an automated travel and entertainment (T&E) expense management service are falling behind in almost every measure of financial management. These organisations as ‘laggards’ and presents figures showing that they pay 37% more to process their expense reports; they take three times longer to reimburse employees; and they are essentially working

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World Class Operational Procurement: Oh yes, paying the supplier…

Part 9 of a ten-part series that examines key operational aspects of the so-called “Purchase to Pay” value chain by Independent Contributor, Peter Alkema – Head: Purchase to Pay at Absa “Money makes the world go round and this is even more so in the world of ‘Purchase to Pay’ (PTP) where the last step

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Why should Procurement organisations benchmark?

One of the first organisations to benchmark in the modern business world was Rank Xerox, who in the 1980s formed a dedicated team to find out how other organisations outside of the photocopying industry managed functions, such as transport. The results provided Xerox with invaluable insights into how to spend money more effectively and, in

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