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The traditional mindset of cost savings is dead

Leave a Comment / Benchmarking, Category Management, Sourcing Strategy, Spend Analysis, Strategic Sourcing, Supply Chain Management SCM /

By Hemant Porwal, Executive Vice President: Supply Chain and Operations, WESCO Distribution Over time, the concept of measuring savings has evolved to creating a baseline by comparing items under the form, fit and function framework. Top-quartile procurement teams have taken this further by adopting total cost of ownership (TCO) into their request for proposal (RFP) […]

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How do we afford affirmative procurement?

Leave a Comment / BEE, Preferential Procurement, Procurement Strategy, Professional Development /

  Wouldn’t it be great to lower the costs associated with preferential procurement? The unfortunate truth is however, that the total life costs associated with engaging historically disadvantaged suppliers are often unexpectedly higher than engaging in business as usual. With existing and looming charter obligations, preferential procurement has become a strategic imperative and organisations need

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