Spend Analysis Archives - Page 4 of 8

Government could police spending cuts with a P-card system

Leave a Comment / Procurement Cards, Spend Analysis, Tools / Editor

Scepticism around government’s severe cuts to perks and expenditure, and whether these will really work, has been further fuelled by recent instances where members of public office have not adhered to the Finance Minister’s spirit of cost-cutting. With the public’s patience wearing thin, government should consider a procurement card programme to curb expenditure, and […]

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Driving visibility within African supply chains

Leave a Comment / Benchmarking, Procurement Strategy, Spend Analysis, Technology, Tools / Editor

As supply chain management becomes increasingly central to business strategy, so the need for visibility within the supply chain becomes paramount. Greater end-to-end visibility improves revenue and reduces costs, while allowing for better management of disruption, complexity, opposition and growing customer expectation, Tech-Pro tells SmartProcurement. Image: Erik Kriek, Supply Chain Movement 2013 Supply chain

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4 major supply chain trends in 2014

Leave a Comment / Procurement Strategy, Spend Analysis, Supply Chain Management SCM, Tools, Top Stories / Editor

In recent years, the on-going quest for efficiency and flexibility and the impact of emerging technologies, innovation and ever-changing customer demand, has seen the South African supply chain mature from a corporate function into an enabler of growth and a strategic weapon, providing value for customers’¹, Tech-Pro Personnel tells SmartProcurement. Highlighting the increasing importance

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Failing to compare prices and services guarantees squandered expenditure

Leave a Comment / Benchmarking, Procurement Strategy, Risk Management, Spend Analysis, Tools / Editor

By not benchmarking the prices and services you receive from suppliers and the way you use those goods and services removes valuable insight into what other organisations are achieving in the market and increases unknown risks, says Alan Low of Purchasing Index (PI), in this month’s SmartProcurement. “Benchmarking is the process of identifying and

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P-cards can ‘doctor’ your headache payment areas

Leave a Comment / MRO, Procurement Cards, Spend Analysis, Technology, Tools / Editor

After implementing a P-card programme to replace petty cash, and if the programme is working well, clients often ask: “where do we go from here?” Anita Carolus, Nedbank Corporate Card National Sales Manager, suggests that clients investigate all their payment processes and expand their P-card programmes into their ‘headache’ processes or problem areas. This

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Comedy of errors with supplier visibility

Leave a Comment / Contract Management, Procurement Strategy, Risk Management, Spend Analysis, Supply Chain Management SCM / Editor

There is something between Shakespeare and the Indian silver screen. For decades, Shakespeare’s works have inspired directors to churn out some of the most memorable hits on the big screen. The perennial favourite theme is based on one of his earliest plays, The Comedy of Errors. The play depicts the story of two sets

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Can credit cards limit procurement fraud-risk? Surprising answers…

Leave a Comment / Benchmarking, Procurement Cards, Risk Management, Spend Analysis, Technology / Editor

Clients share one major concern when they consider a procurement card programme: “Will we not expose the company to card fraud and abuse?” Fraud and abuse are a reality in business and procurement card controls, such as expenditure limits and only from specific suppliers, can help prevent card fraud. However, a procurement card does

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Are external benchmarking services still relevant?

Leave a Comment / Benchmarking, Spend Analysis / Editor

Most procurement functions will conduct their own benchmarking exercises on a regular basis (e.g. comparing suppliers, in terms of the prices they quote and what services they offer). Does this give the procurement function a good enough ‘view’ of the market, and ensure they have they source the ‘best products/services, at the right price’?

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How will your organization maintain its BBBEE position under the new Codes?

Leave a Comment / BEE, Benchmarking, Preferential Procurement, Spend Analysis / Editor

It has come as a shock to many companies that the DTi plans to have the new codes of good practise published any day now, under which organisations have a 12-month transitional period to align themselves and ensure compliance to these codes. Purchasing Index (PI) is concerned that many organisations are unaware of the impact

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Total Travel and Expense Management is more than just online booking

1 Comment / Benchmarking, Spend Analysis, Tools, Travel / Editor

All too often a Travel and Expense (T&E) Management programme is considered completed and rolled-out if a company has successfully implemented an on-line booking tool that improves travel policy compliance and reduces overall transactions costs. Recent research indicates that global best practices for organisations is to embrace a total T&E Management technology solution, of which

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