Visible expenditure data - maximum procurement value
Visible supply data provided UK tax assessment office HM Revenue and Cust oms (HMRC), a platform for transforming its procurement function into a strategic role achieving maximum value, says David Thomas, Commercial Director (CPO) of the UK government department.
Posted by Editor at 6:35 AM | Comments (0)
B2B and B2G Supplier Pricing Strategies
The attractive deals posed by product consolidating vendor/distributors (e.g. Office Supplies and Catering Products) can be just as deceptive as supermarket’s ‘buyonegetonefree’ (BOGOF) pricing, says Wally Johnson, Chairman of Purchasing Index UK, in this month’s SmartProcurement.
Posted by Editor at 1:30 AM | Comments (0)
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.
Posted by Editor at 11:57 AM | Comments (0)
Valuable spend information so important in the current economy
It seems as though climate change and recent economic upheavals may have more in common than one might expect. It isn't so much that the weather is getting notably worse, but that short-term changes seem to be becoming more extreme. Recent fatal storms in KwaZulu-Natal this holiday season and flash floods in the Cape last year are just cases in point.
Posted by Editor at 10:00 AM | Comments (0)
Cost reductions needed NOW!
Some of the trauma associated with the current global crisis has been due to the speed with which the markets have changed. Twelve weeks ago Platinum was trading at $2,300 an ounce, today it is at $840 – a drop of almost two thirds. With the precipitous decline in global stock markets organisational management are still trying to understand the effect that this will have on their profit and loss accounts and balance sheets in the next one to two years.
Posted by Editor at 9:30 AM | Comments (0)
Powerful, next generation spend analysis service launched
Purchasing Index (PI) is has announce the launch of a groundbreaking new spend analysis service, Spendtrak™, a next-generation technology that transforms spend analysis from “nice-to-have” to “must-have”. At a fraction of the cost of most older technologies, Spendtrak™ will immediately demonstrate superior value for money” Alan Low, Managing Director of PI, explained to SmartProcurement.
Posted by Editor at 9:35 AM | Comments (0)
New SearchLight Launched: The next level in Description Based Spend Analysis
The latest version of Searchlight, a description based spend analysis tool has just been launched. "The new version of SearchLight takes spend analysis to the next level," Marc Silberbauer of Marshan Technologies told Smart Procurement.Posted by Editor at 6:12 PM | Comments (0)
Only 1 in 10 procurement professionals can extract critical information
"Most World Class Organisations have realised that procurement is a key component for sustainable business success." James Yates, COO of Cutting Edge Commerce tells Smart Procurement. However, the lack of visibility into accurate and complete transaction data is hampering company performance. Usually, large companies commission an outsourced service provider to develop a solution which would provide the necessary insight into the company's spend profile and procure-to-pay activities...
Posted by StaffWriter at 9:24 AM | Comments (0)
SEARCHLIGHT points the way for Omnia's Group Procurement Initiative
To realise its collective procurement power, the Omnia Group recently introduced SEARCHLIGHT Description Based Spend Analysis software, a product distributed by CCI-Growthcon. The implementation of the software follows after Omnia had identified an opportunity to get better deals from suppliers in terms of service and price by setting up Group contracts for certain commodities.
Posted by StaffWriter at 2:48 PM | Comments (0)
Up to 50% of procurement spend "Under the Radar"
"The sheer amount of transactions, the lack of data integrity, multiple ERP systems and additional manual processes result in up to half of the procurement activity happening in organisations being misunderstood or misrepresented, " Proppie Fraser GM Supply Chain Management at CEC, a provider of analytical procurement tools, told Smart Procurement.
Posted by Bernie at 4:12 PM | Comments (0)
CEC acquires local World Class procurement training provider
Commerce Edge, a provider of World Class Procurement training solutions, has sold a majority stake in its South African business to CEC (Cutting Edge Commerce), a leading BEE supplier of Procurement information, analysis and consulting services...
Posted by Bernie at 11:54 AM | Comments (0)
Lonmin Platinum uses Description-based Spend Analysis software to Support Strategic Sourcing
Lonmin Platinum's Procurement Centre of Excellence has moved away from manual spend analysis efforts, using spreadsheets, to an automated solution using CCI-Growthcon’s Description Based Spend Analysis (DBSA) software.Tony Davey (Head of the Lonmin Platinum, Procurement Centre of Excellence) explains that "we are being placed under increased pressure to obtain good quality products and services at the lowest possible price. We have recognised the need to have more “spend-under management”. In order to accomplish this, we need quicker and easier access to accurate spend data."
Posted by Bernie at 11:45 AM | Comments (0)
BEE procurement compliance "Bureau" service launched
Does your company buy from non-BEE suppliers when a BEE supplier could have been used? Cape Town based CCI-Growthcon have developed an innovative approach to ensure maximum utilisation of BEE suppliers based on their description based spend analysis software - available monthly on a bureau basis.
Posted by Bernie at 9:18 AM | Comments (0)
Procurement intelligence becomes "empowered."
Thirty Percent of procurement intelligence provider Cutting Edge Procurement (CEP) has been acquired by a BEE (Black Economic Empowerment) grouping led by businessman Althaf Emmamally (pictured). CEP provides business intelligence tools for analysing, managing and optimising the procurement environment to some of the largest procurement organisations in the country.
Posted by Bernie at 8:29 AM | Comments (0)
Analysing maverick spend between multiple procurement organisations.
The bain of procurement spend analysis is trying to analyse items which have been given different descriptions by end users. Now imagine having to do this across multiple organisations at the same time!
Posted by Bernie at 7:59 PM | Comments (0)
Innovative new tool for analysing uncategorised spend
Through strategic sourcing many procurement organisations have improved their management of raw materials purchases. The next level of savings opportunities lie in the products and services that have not been tracked through the material master or buyer catalogue. Up to now, it has been almost impossible to deal with this aspect of procurement because it is so difficult to analyse and consolidate...
Posted by Bernie at 2:00 PM | Comments (0)
Advanced analysis tool unleashes power of procurement data
Local procurement specialists, Cutting Edge Procurement, have launched an advanced procurement information analysis solution. Director Johan Grimbeek, tells Smart Procurement it is now possible to draw more than 100 predefined procurement related reports across many different technology platforms and millions of transactions.
Posted by Bernie at 3:52 PM | Comments (0)
Data everywhere, information scarcer than honest politicians!
"The information was correct, but the interpretations were not..." I was sincere in everything I said, even just before the fall of Baghdad international airport." Famous last words from the Iraqi information minister. But how about providing accurate, actionable information from your procurement information systems....
Posted by Bernie at 3:37 PM | Comments (0)
