Are you a procurement value creator, or a cost-reducer? Perhaps you’re neither of these – or both? Procurious member Remy de Lavergne, a transport and indirect purchasing manager, has created a new matrix that shows, among other things, just how far the profession has come.
Introducing the Lavergne Procurement Matrix Read More »
The fourth Industrial Revolution, characterised by a fusion of technologies that is blurring the Iines between the physical, digital and biological spheres, builds on the digital revolution (known as the Third Industrial Revolution) that has been occurring since the 1950’s, said the World Economic Forum. ‘4IR’ has seen the emergence of technologies in procurement,
What is procurement’s future in the 4th Industrial Revolution? Read More »
In tough economic times, management may take a ruthless approach to various areas of the business where they perceive costs as being too high. For example, they immediately cut the marketing budget – when in fact marketing may be more critical than ever before. Or they trim down expenditure on IT systems, when investing
Forget cost management – think ‘value management’ Read More »
The 2013 Department of Trade and Industry (DTI) Codes are complex and meeting them will be challenging. For management to make informed decisions and measure progress in achieving transformational goals at business-unit level there must be one version of the truth that is accurate and up-to-date. The New Codes have raised the broad-based black
Using data analysis to facilitate achieving the DTI 2013 BEE Codes Read More »
Controlling an 800-horsepower Formula-1 racer by relying on mere arm muscles and foot sensitivity can turn out to be a dangerous exercise, said Michael Schumacher. Similarly, making trusted and confident supply chain decisions requires analytics of more than pencil, paper and Excel spreadsheets, Keertan Rai, of Ariba Expenditure Visibility, tells SmartProcurement. A passing glance into
Driving expenditure management excellence with the numbers on your side Read More »
Ad hoc expenditure is a big headache for any organisation and procurement division: these low-value, high-volume purchases can erode budgets if processed through traditional P2P. While the solution is to introduce a purchasing card (P-card) programme, how does one determine which expenditure to put on a P-card? A simple and effective way of segmenting
The Kraljic Model can identify expenditure fit for P-cards Read More »
Spend management evolved from a technology perspective when it was realised that organisation-level purchasing required a separate and unique set of tools that could set it apart for improving efficiency and gaining deeper insight into spend. While spend management has expanded into other areas of the supply chain, it is still focused on controlling
Creating a culture of spend optimisation Read More »
Dramatic changes expected in the South African telephony market over the next few years mean buyers of telephony and IT services (fixed line and mobile) should avoid long-term agreements with their current service provider(s), keep on top of market offerings and understand the changing need of the businesses they serve, says Purchasing Index’s (PI)
Buying Telecommunications? Avoid long-term agreements Read More »
Building an organisational scorecard showing B-BBEE achievements against the relevant codes is useful in itself. However, for most organisations this exercise is manual, takes a long time to complete and is retrospective. What is required is a service that goes beyond a static scorecard to a fully integrated B-BBEE analysis service that tracks strategic
Real-time BEE transformation analysis – turning data into action Read More »
While procurement card programmes have many noteworthy benefits, as outlined in previous SmartProcurement articles, ultimately their role is to save you money, says Anita Carolus, Nedbank Corporate Card National Sales Manager. A procurement card programme helps lower costs in the following ways: • Streamlining the P2P process. One of Carolus’s big university clients has
Pcard’s main purpose is to save you money… Read More »
