Professional Development

'CPO' stands to become the Chief Purpose Officer through digital transformation

ChiefPurposeOfficer_300.jpgBy Dr Marcell Vollmer, Chief Digital Officer, SAP Ariba

How does a Chief Procurement Officer measure success?
In the past, executives responsible for sourcing, contracting, purchasing and payment gauged success chiefly on their ability to wring savings out of the value chain. Without question, reducing costs remains as crucial today as ever. But, with the advent of digital networks, Chief Procurement Officers find that they now have an exponentially greater opportunity to create value. By linking together buyers and suppliers in real time, digital networks allow procurement leaders to foster collaboration, spur innovation and drive much of the strategic value that fuels growth.

These activities, of course, can benefit the balance sheet. But there are others, equally important, that a spreadsheet cannot easily capture.

How procurement can change the world

ChangingTheWorld_150.jpegBy Rod Robinson, Founder and CEO, ConnXus

When I graduated from Wharton in 1995 and decided to pursue a career in management consulting at AT Kearney, I had grand visions of being assigned to an engagement helping one of our multinational clients grow revenue through a high-profile M&A transaction or other topline growth strategy. Instead, I was assigned to a global strategic sourcing engagement for one of the most recognisable corporate brands in the world. I didn't know what strategic sourcing was, but quickly learnt that it was an approach to supply chain management that enabled an organisation to leverage its consolidated purchasing power to optimise the value it received from suppliers. This is when I realised that procurement was an often overlooked area of hidden corporate value.

10 Best practices for procurement managers in 2020

LindaAshok_100.jpgBy Linda Ashok
A content, communications and branding professional

So many things are slated to change in 2020, the milestone year! But what matters most is your career; how is it going to prepare you as a procurement manager? Okay, let me clarify that there isn't any significant difference between a Purchasing or Procurement Manager. Of course, you know it because you are in the procurement arena already.

Typically, a procurement manager's job description entails the following:
• Partner with the category teams and leaders in developing and implementing strategies to drive significant value from the supplier base
• Conduct in-depth research on existing and emerging trends, identifying new technology/solutions, screening potential new suppliers, and performing complex analytical studies
• Manage relationships with key suppliers, developing negotiation strategies, and conducting negotiatio
• Lead critical process improvement projects and drive higher value for the operating companies.
• Consult internal functional areas such as marketing, R&D, operations, logistics, legal, and corporate functions

With such expectations in mind, an aspiring procurement manager must possess modern skillsets that organizations will seek in 2020. In this article, we cover both the elementary and advanced expectations from the role of a procurement manager.

The 5 key traits of a future-ready Finance Leader

AngelaMazzaTeufer_100.jpgBy Angela Mazza Teufer
Senior Vice President ERPM WE, ERPM North install base

Finance has always taken advantage of technology to improve productivity and collaboration. But with continuous innovation now driving our economy, the goalposts have moved. Today's organizations must adopt an agile finance operating model-- powered by emerging digital technologies and skillsets. The success of that model depends on 5 keys traits that the Finance Team must possess.

When Oracle and the Association of International Certified Professional Accountants (AICPA) decided to follow up our look at the best finance organizations, we already knew that agile finance functions were taking advantage of cloud technologies to improve efficiency; centralize process management and subject matter expertise; make greater use of analytics to contribute insights; and deploy multi-disciplinary teams to partner with decision makers.

Talking to both agile finance pioneers and those in less-advanced organizations for the new report, Agile Finance Unleashed, we discovered even deeper links between successful business and digital finance transformation. And the conversations with CFOs successfully delivering operational excellence and strategic influence using digital intelligence led to five conclusions about what makes for effective, future-ready finance leaders.

This Halloween beware the scary, old-world CPO

TaniaSeary_100.jpgWith Halloween just past, it is time to consider whether your boss is scarier than your average ghoul or if your career is in the grip of a scary, old-world Chief Procurement Officer (CPO) and thus doomed to wither...

Tania Seary, Founding Chairman of three companies specialising in the development of the procurement profession - The Faculty, The Source and Procurious - takes a look.

Procurement perspectives: a procurement career pursuit is worth it

StephenBauld_100.jpgIrrespective of what you think about the way in which private- and public-sector procurement is conducted, the ultimate objective is the same. Creating 'value for money' is the most commonly used term among purchasing individuals.

Government procurement expert, Stephen Bauld, has spent half his career working with private-sector organisations and the other half working with various government agencies. He has come to realise that all procurement people strive to get the best deal that adheres to the policies and procedures of the organisation that they work for. In this month's SmartProcurement, Bauld takes a closer look at a career in procurement.

Behavioural procurement: a cognitive approach to people (soft) skills

DavidLoseby_100.jpgBy David Loseby

Behavioural procurement (BP) is a sub-field of behavioural economics and concerns itself with the application of behavioural science, social science, decision science and applied cognitive psychology to commercial activities.

For years the profession has talked about soft skills (I prefer to call them people skills) without a clear definition of what exactly soft skills are, and what should be applied and to what extent in a comprehensive and integrated way. The harsh reality is that the practice of applying soft skills is neither soft, simple nor easy and has often been neglected in terms of training and developing professionals both formally and informally.

Equally, it is clear that the four principal components in the context of supply chain and procurement activities, such as contract management, supply chain management and supplier relationship management, should embrace:
1. Process
2. Systems
3. Data
4. People

However, while 1, 2 and 3 can be delegated, the people component cannot.

6 strategies to rank as a procurement leader

LindaAshok_100.jpgIt is excellent if you have already gained a grip on procurement's changing landscape. If not, for many businesses, procurement remains quite intimidating. There are concerns about co-ordinating upstream and downstream processes. Risk management, supplier intelligence, advanced analytics and a drive towards innovation all suffer from disruptive digital transformation. "To keep up with the fast-changing supply chain landscape, a procurement leader has to have control over aspects that govern procurement", says Linda Ashok, a content, communications and branding professional.

10 things that I have learnt about mentoring Anzisha fellows

Louise1_125.jpgProcurement and supply chain professionals have such a broad range of skills and cross-functional business knowledge that it makes us all ideal mentors. Mentors share their professional knowledge/experiences and act as positive role models to mentees in need of some direction.

This is especially true when engaging with suppliers and mentoring young entrepreneurs partaking in enterprise supplier development (ESD) programmes. Small South African businesses are in desperate need of help...it will take some time and commitment, but the results are extremely rewarding.

Louise Paulsen, Consultant, Advisor, Director and Mentor in localisation and enterprise development shares what she has learnt while mentoring Anzisha Prize fellows remotely. The Anzisha Program is a partnership between the African Leadership Academy and the Mastercard Foundation; it seeks to increase the number of entrepreneurs generating jobs in Africa.

Adapt to survive and thrive

PrivesanNaidoo_100.jpgEssential skills for modern procurement teams

By Privesan Naidoo

Technological advances in the procurement industry will result in automating even the most complicated processes in the near future, which will save time and free up resources to unlock new opportunities. With these advances there will be less emphasis on hard skills, but there will be a shortage of soft skills, which will become more and more relevant. Procurement professionals will thus increasingly need to master soft skills to ensure a long-term career.

4 CPO futures

MatthiasGutzmann_100.jpgProcurement is under immense pressure to transform and reinvent itself. The role of the Chief Procurement Officer (CPO) and their teams in the future will look very different to how it looks today.

Matthias Gutzmann, Founder of Digital Procurement World, chatted to some procurement leaders and the conversations that ensued suggest that CPOs are at a turning point with four potential paths to follow: up, over, down or out.

A framework for developing SCM professionals

IngridDuBuisson_100.jpgBy Ingrid du Buisson

South Africa currently ranks 61st out of 137 countries within the 2017/2018 Global Competitive Index (World Economic Forum, 2017). One of the Index's main critiques against the country is its inadequately educated workforce, which re-affirms the critical role of education and skills development.

It is imperative that the country ensures efficient and effective skills development and training delivery within industry, informed and driven by industry demands, within a clearly-devised strategy that partners with all role players within the economy.

It is within this context that progress is being made on a framework for the development of supply chain management (SCM) professionals within South Africa.

What makes a high-performing procurement team?

HighPerformingTeam_100.jpgBy Abby Vige

How do you build and nurture high-performing teams?
Recently, I realised that my management brand is being built whilst I'm busy planning how I want to be a better manager. In other words, it's the small daily interactions of how I show up in the world that count, not the long-term plans yet to be actioned.

Big gestures show your leadership style, sure, but where people really form an opinion about the type of leader you are is how you greet them in the morning, how you handle stress, how you help them when they are stressed, how you organise yourself and the team in small ways. Also, how you back them when it counts or if you back them at all.

I realised that I am working in the opposite way to how I have been generally managed in the past and the management styles I have seen around me. If building high-performing teams is seen as a strength of mine, what is it that I do?

First, let's get back to the basics...

From the backroom to the boardroom: the rise of the Chief SCM Officer

DouglasBoateng_100.jpgGlobal directional-level corporate and policy decision-making corridors are going through unprecedented changes. These dramatic shifts have been largely influenced by the increasing importance that boardroom executives attach to supply chain management.

Today, the skills and knowledge of supply chain management professionals are increasingly being utilised, with forward-thinking executives and policy makers now officially accepting the Chief Supply Chain Management Officer as a member of the C-suite.

Drawing on a sample of international organisations, including Fortune 1000, FSTE 250 and JSE 100 companies, as well as public-sector organisations with a combined revenue or spend of well over a trillion USD, the study by Professor Douglas Boateng [1] examined directors' understanding of the strategic importance of supply chain management and, in particular, the increasing boardroom role of the Chief Supply Chain Management Officer.

Join us at Smart Procurement World Indaba in September for a panel discussion on 'Driving a Procurement Mandate and the Professionalisation of the Function - the need to rebuild, professionalise and license the procurement professional in South Africa' >>

Planning procurement's response to the Millennial Generation

ChrisSawchuk_100.jpgThe Millennial Generation represents one of the greatest potential influences and challenges to managing talent in the next year or two.

Hackett's 2016 Procurement Key Issues study revealed that talent management remains one of the top-three critical or major areas of focus for virtually all procurement organisations. The two perennial favourites, category management and strategic sourcing, make up the other top focus areas.

Combined with the fact that most procurement organisations (especially those in Europe) continue to experience higher levels of staff churn and difficulty attracting great talent, organisations are targeting three specific areas to transform talent. They are:
1. Improving leadership skills
2. Honing business acumen
3. Building specialist procurement skills

"But can procurement cope with, and ultimately benefit from, the disruption brought into talent management by the Millennial Generation?", asks Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader, The Hackett Group.

Free State welcomes Smart Procurement World

SPW_FS_100.jpgSmart Procurement World is bringing its regional conference to the Free State.

Partnering with the Free State Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA) has enabled Smart Procurement World to take its procurement and supply chain indaba into its fourth South African province.

Since beginning in Gauteng in 2009, Smart Procurement World has extended into the Western Cape, KwaZulu-Natal and, on 19 March 2019, into the Free State.

Creating a framework for developing SCM professionals

IngridDuBuisson_100.jpgSouth Africa currently ranks 61st out of 137 countries within the 2017/2018 Global Competitive Index (World Economic Forum, 2017). One of the Index's main critiques against the country is its inadequately educated workforce, which re-affirms the critical role of education and skills development.

It is imperative that the country ensures efficient and effective skills development and training delivery within industry, informed and driven by industry demands, within a clearly-devised strategy that partners with all role players within the economy.

It is within this context that progress is being made on a framework for the development of supply chain management (SCM) professionals within South Africa, Ingrid du Buisson, Deputy Chairperson of Professionalisation for the Interim SCM Council, told SmartProcurement.

Professionalising the procurement profession: panel discussion at 2018 Smart Procurement World

SPW_Panel_prof_300.jpg'Professionalisation!' has long been the war cry of procurement practitioners across the globe, and not less so in South Africa, where corruption is rife and procurement is often seen as the root of all evil - the home of the so-called 'tenderpreneur'.

But what does this mean?


 

 

Career opportunites

GROUP PROCUREMENT MANAGER

  • Gauteng Permanent Procurement Management Supplier / Business Development
Operating out of Johannesburg, this is a key

Tutor and Coordinator

  • Gauteng Operations, Planning & Inventory Permanent Procurement Management Supplier / Business Development
Purpose of the job: To plan, coach, advise

Commodity Manager

  • <500 000 Commodities Gauteng Procurement Management
Are you a Commodity Manager looking for the

Supply Chain Professional

  • <500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Supply Planning

  • <500 000 Gauteng Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer Procurement Consultant
Are you an Industrial Engineer looking to make

Logistics Manager

  • >500 000 Gauteng Logistics & Warehousing Supply Chain
Seeking vibrant industry specific individuals seeking new opportunities

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for an Operations Manager to take into

Supply Chain Systems Administrator

  • >500 000 Gauteng Procurement Management Strategic Sourcing Supply Chain
One of South Africa's leading, mining companies is

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Procurement Management
Are you an experienced Logistics Manager looking for

Continuous Improvement Manager

  • >500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Warehouse Assistant

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory
I am currently looking for ambitious Demand Planner,

Internal Procurement Officer

  • <500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Position Available: Internal Procurement Officer Status : New ...More

Supply Chain Officer

  • <500 000 Gauteng Procurement Officer / Specialist Supply Chain
Seeking dynamic candidates to take to the market

Supply Chain Planner

  • <500 000 Free State Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Senior Buyer

  • >500 000 Buyer Gauteng Procurement Management
Tech-Pro specialises in placing professionals in the Supply

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer
Tech-Pro specialises in placing professionals in the Supply

Warehouse Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Supply Chain
Seeking hands on individuals that come from an

Manufacturing Purchasing Specialist

  • >500 000 Procurement Officer / Specialist Supply Chain Western Cape
A leading auto manufacture company based in Cape

Procurement Sourcing Specialist

  • <500 000 Gauteng Procurement Consultant Strategic Sourcing
A Leader in the Supply Chain industry is