Demand Management

8 ways procurement can radically reduce costs

 

GibsonSibanda.pngProcurement-managed expenditure accounts for an average of 65-75% of many organisations’ outflows. Tough economic situations, therefore, require procurement professionals to continually implement and manage cost reduction programmes.

As many organisations continue to search for ways to reduce costs, there should be an agreed and well-defined programme for and by supply chain professionals to cut costs. Gibson Sibanda (MCIPS), general secretary of CIPS Zimbabwe branch, outlines eight initiatives and contributions that procurement practitioners can adopt to reduce and contain costs, in this month’s SmartProcurement.

Zambia managing medical supply chain with 'cutting-edge technology'

 

IBM is working with the Zambian government to set up a new medical supply chain pilot project to better manage inventory and delivery of medicines, reports Supply Management.

Best practices for forecasting procurement requirements

forecasting.jpgRecently on Procurementtips.com (SmartProcurement's forum for procurement professionals) the following question about forecasting procurement requirements was asked. We received a useful and in depth reply from David van der Walt in Australia:
Q:  We all know how important forecasts are for us (buyers), to insure accurate flow of items and does indeed have a direct role in controlling inventory .. At the moment, no forecast schedule has been 100% accurate- at least those I experienced. My question is: what is in your opinion the best forecast schedule and plan, procedures formulas best proved their efficiency for you so far.. Any advice in this matter will be highly appreciated!"   "(Hassan Dhainy  - Lebanon)

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