How can Procurement add value with poor information?
A newly launched service by Purchasing Index allows Procurement practitioners to create instantaneous reports in many highly visual formats at the touch of a button. It empowers users to interrogate information instantly and to agree and take immediate action.
Posted by Editor at 9:30 AM
Analysis software reduces Tiger Brands's inbound supply chain costs
Consumer packaged goods organisation Tiger Brands has significantly reduced some of its inbound supply chain costs. This is owed to SearchLight description-based analysis software, which has been implemented by Tiger Brands in some of its various projects, Erica Bradley, of CCI Growthcon, told SmartProcurement.
Posted by Editor at 12:00 AM
Professional development and procurement training road show comes to Gauteng
Tomorrow’s supply management professionals will be charged with developing and executing value creation strategies that find new value in the supply base, deliver value as quickly as possible within the cost parameters defined by the demand market and maximise the return to the company.
Posted by Editor at 9:50 AM
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.
Posted by Editor at 2:20 PM
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 spent on common consumables).
Posted by StaffWriter at 1:13 PM
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
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
Blind procurement professionals trying to control naughty end users when its too late...
Every one knows that controlling the inputs into the supply chain via the Procurement process is key for creating sustainable business success, says James Yates, COO at Cutting Edge Commerce. "Recent reports in the press relating to unauthorized
procurement and irregular sourcing activities in all sizes of
organizations, both in the public and private sector are symptoms of a lack of visibility," he told SmartProcurement.Posted by StaffWriter at 1:10 PM
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
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
Local procurement intelligence provider does global deal
New York based Information Builders (IB), a supplier of business intelligence solutions and Pretoria based Cutting Edge Commerce (CEC) have announced a worldwide partnership that will see CEC's pre-packaged procurement and supply chain reporting solution be made available globally for multiple ERP systems including SAP, Oracle, J.D. Edwards, PeopleSoft, Baan, Lawson, Sage Accpac and 1C. The solution is immediately available worldwide for SAP with other ERP systems to be released shortly.
Posted by Bernie at 12:18 PM
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
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
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
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
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
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
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
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