Smart Sourcing

What can board games teach us about procurement?

GordonDonovan_100.jpgThere are several parallels between games and business strategy. Gordon Donovan (FCIPS), Group Director: Procurement and Supply, Epworth Healthcare, wonders what we could learn about procurement from games and, as such, takes a look around the world wide web to find out more.

Join us at Smart Procurement World Western Cape on 9 & 10 April to understand "procurement board games". Ian Russell (founder of Disrupting Consultancy, ex-CEO of BCX and a former CPO of Telkom, SABMiller and Absa) will discuss what procurement leaders should grasp now to become board-ready

Walk the talk: machine learning and big data for procurement analytics

SammeliSammalkorpi.jpegIn procurement analytics, there are two clear trends:
1. Data is the new oil.
2. Big data and advanced analytics, such as machine learning, deep learning and neural networks, definitely create new opportunities.

The way we can automatically extract insights from vast amounts of data will both unearth new opportunities as well as move tasks performed by humans to machines.

As these great opportunities exist with a lot of buzz, the big question remains: how do we walk the talk? Sammeli Sammalkorpi, Co-founder of procurement analytics solutions provider Sievo, tries to answer this question.

Join us at Smart Procurement World in 2019! Our exciting theme this year is Walk the talk: high impact procurement. We will explore topics such as policy vs. impact, governance for results and delivering impact at board level.

6 steps to optimise your procurement workforce

DougLeeby_100.jpgTo become more agile, organisations are re-evaluating their workforce strategies. Although strategists often talk about 'total workforce management', what their business functions - procurement included - need most is something much simpler: total workforce optimisation (TWO).

For most business functions, human capital is the most important asset and its largest single operating expense. It is also a constant concern for executives who fear they do not have, and cannot acquire, the right mix of top-tier talent to compete and succeed, says Doug Leeby, CEO of Beeline, which provides software solutions for sourcing and managing the extended workforce.

Join us at Smart Procurement World's Gauteng Indaba on 18 & 19 September where our panel will discuss how you attract and retain great people to work in a public sector procurement department.

Show your worth: demonstrating procurement ROI

MichaelMitchell_100.jpgBring sustainable value to the bottom line

Increasingly, procurement is being looked to for the added value it can bring to the organisational table. Furthermore, expectations are on the rise, with big data and advanced analytics driving decision making to new levels by enabling teams to generate new insights and achieve unprecedented proactive capabilities.

Demonstrating procurement's value can include many components depending on the priorities of any particular company. But, with increased reliance on cloud platform P2P solutions, showing procurement's return on investment (ROI) is a great place to start, says Michael Mitchell, Senior Content Manager at Determine, a source-to-pay enterprise contract lifecycle management solutions provider.

4 tips to manage supplier risk

RudiKruger_2017.jpgSuppliers can fail you in many ways. Supplying inferior quality goods and services, missing deadlines or data breaches can affect the bottom line and reputation of a business.

However, while risks are ever-present, some are more avoidable than others - including the effects of mistakes and failures by suppliers" says Rudi Kruger, General Manager of LexisNexis Data Services.

Changing behaviours in sourcing - Q&A with Salesforce and Oracle's former CPO

 

GregTennyson.jpgCPO of VSP Global Greg Tennyson leads transformative change. He is the former VP and CPO (source-to-settle and expense-to-settle) at Salesforce and Oracle.

Greg sat down with ScoutRFP to discuss sourcing’s ever-evolving relationship with business - he talks culture, Moolah (the spend-it-like-its-yours monster) and how CPOs can work with the pace of change at an organisation to reach sourcing-stakeholder “utopia.”

Understanding policies underpinning the creation of black industrialists

 

MsMaisela.jpgBlack industrialists have a responsibility to maintain black ownership of their businesses. Failure to do so can set back government’s transformation efforts.

As a black industrialist it means that one has to be involved in the running of the business on daily basis and according to the BEE act, a black industrialist cannot sell/resell shares to a white counterpart as that would be diluting those [black ownership] shares,” said Nomumelelo Maisela, Deputy Director: Black industrialist, Department of Trade and Industry (dti).

“That particular act regresses government and takes it back in terms of transformation,” said Maisela who was speaking at the Smart Procurement World conference in KwaZulu Natal in June.

Expectations high for 3rd Annual Smart Procurement World Western Cape

IMG_6530.jpgWhat can can delegates expect from th  from 3rd Annual Smart Procurement World Western Cape conference being held from March 1-3 2016? Mediacy Mudekwa, SmartProcurementWorld Content Manager, tells us that:  "The summit will deliver big ideas regarding the function of procurement as a strategic partner to the organisation, what is the value that procurement can add? How can one actually quantify the value? Understanding these issues is critical in order to adapt newer models of operations and deliver finer procurement and supply chain innovations compactible with organisational goals and policies. 

 

Pod Cast - Too much focus on buying local may hinder Africa's growth

 

DBoateng.JPGBuying local may have unintended consequences to Pan African trade, said Prof Douglas Boateng at a round table sponsored by consultants KPMG and professional body CIPS.


“Buying local is a good policy. But if South Africa has ‘Buy SA’ and Kenya has ‘Buy Kenya’ and Ghana has ‘Buy Ghana’, then who is going to buy from whom? A heavy local focus may have disastrous consequences in the future,” said Prof Boateng, a member of SmartProcurement’s Editorial Board and Africa’s’ first extraordinary Professor for supply and value chain management.

In 5 Days 2000 Procurement Professionals will meet to network, learn and do business!

 

LoyioGola.jpgWith only a few days to go, 3000 attendees have confirmed – Smart Procurement World, Africa’s largest supply chain indaba, kicks off on Tuesday, 9 September.


More than 110 speakers will share their procurement and supply chain insights with delegates in 6 different conference streams.


Hear from supply chain heads from Absa, Coca-Cola, Anglo American Platinum, Sasol and Transnet. Technology enablers from SAP and Oracle will inform the technology panel discussion.

Why do some cross-functional teams fail? 5 critical success factors

 

TooManyCooks.jpgUsing a cross-functional team in a strategic sourcing exercise for a key commodity is the accepted and preferred way to go, many teams having delivered successful outcomes. However, it is no assurance of improved performance. But what causes a less than successful outcome? Elaine Porteous asks in this month’s SmartProcurement.

A checklist when commencing a new CPO Position

 

JeremyKirsten.jpg

Jeremy Kirsten, a MCIPS Procurement and Supply professional, Project Manager, Consultant and Change Manager, shares a few fundamentals that a newly appointed senior procurement leader must endeavour to stick to, in this month’s SmartProcurement.

Current procurement methods do not support mini budget's austere measures

 

TraceyShaw.jpgMany of the key items subject to austere measures under Finance Minister Pravin Gordhan’s mini budget fall under the Travel and Expense (T&E) portfolio.


While these cost-cutting measures are a step in the right direction to curb excessive spending, Tracey Shaw, of travel technology company TraveluXion, wonders how they will be implemented in practice if procurement methodologies are still outdated and dependent upon fragmented processes across various suppliers, without any supporting technology?

Reducing Costs through Collaboration in Supply Chains - Martin Christopher

 

Martin_Christopher.jpgThe need to contain costs in all aspects of business is now more crucial than ever for most companies. Many challenges lie ahead in these uncertain economic times; input costs, particularly raw materials, are on the rise again, and the search for greater cost reduction in business is intensifying. But after years of significant cost-cutting programmes, there is very little low-hanging fruit left, says visionary supply chain thinker Martin Christopher .

Enough innovation in South African Supply Chains?

 

Innovate.jpgToday, a high-performance supply chain is a strategic asset, the complexity of which is increased by numerous factors, making constant innovation a necessity, Tech-Pro Personnel tells SmartProcurement.

Transport's contribution to logistics costs reaches 9-year high

OilBarrels.jpgThe vulnerability of South Africa’s transport costs to a volatile cost driver - the price of crude oil - and South Africa’s entrenched dependence on road transport does not bode well for the economy, according to the 9th State of Logistics survey for South Africa 2012.

 

The contribution of transport costs to overall logistics costs in 2012 is pinned at 61%, the highest it has been in the past nine years and far higher than the global average, said Nadia Viljoen, scientific editor of the survey, at the survey launch in June.


 

 

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