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Hi Client,
In our final edition of Bespoke Procurement Bulletin for 2017 we take a look at the tumultuous year - and try to position ourselves in terms of the global volatility and our own growth and positivity. Also in the vein of taking stock, we explore the auditor general's PFMA report, and our soft skills piece asks how to best support staff over the "silly season". Our technical piece explores the differences between finding and creating value through negotiations, and we share some exciting SC risk management news with you from Bespoke and SAPICS. The usual roundup of top procurement news and events is included. Until 2018 sees you back at your desk, safe travels and happy holidays!
Enjoy the read!
Publishing Editor | Andrew C. Hillman | Bespoke Group
Roosters and roasters: 2017 in review
Unlocking value in procurement negotiations
Leadership and urgency needed to turn audits around
The high cost of supply chain glitches
Merry & bright: the importance of staff relationships for your business
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Roosters and roasters: 2017 in review
Year in review, economics, politics, social, volatility, growth |
| In the Chinese zodiac, 2017 is the year of the Rooster – a character representing confidence and intelligence. Roosters are active, amusing, and popular within a crowd. They are talkative, outspoken, frank, open, honest, and loyal creatures. They also like to be the centre of attention, and to always appear attractive and beautiful. If I think back on some of the major global, regional and local events that have taken place in both the commercial and political spheres in 2017, there certainly has been some real ‘Roosters’ on the stage. Read More. |
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Unlocking value in procurement negotiations
Procurement, negotiations, supply chain, value creation, strategy
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| There is a real and on-going challenge for many procurement people when thinking about who we represent in a negotiation. Sometimes we are able to represent the business, but many times, we are forced to represent only a part of the business. How can this be? Well, consider how many other people are representing the business in negotiations with the supplier. Our challenge in procurement is then to make sure that the negotiation takes a coherent approach which incorporates all of the different aspects at play, and to make sure that there is a balance between the different areas. Read More. |
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Leadership and urgency needed to turn audits around
Auditor general, leadership, data, report, news |
| Data from the latest Auditor General’s PFMA report (released last month) shows marginal improvements in audit findings over a four-year period. But the gains seem to be too little and too slow for the notoriously sharp and ethical auditor general (AG) Kimi Makwetu. Read More. |
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The high cost of supply chain glitches
Supply chain, risk management, events, training
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International supply chain risk management specialist Gregory Schlegel says the consequences for a glitch in supply chain can cost an organisation up to 10% of its shareholder value, or even put the company out of business. Founder of the global Supply Chain Risk Management Consortium, Schlegel will be sharing his insights with southern African supply chain professionals at the first ever Supply Chain Risk Management Summit, which takes place in Johannesburg, in February 2018.
Read More.
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Merry & bright: the importance of staff relationships for your business
Soft skills, HR, wellness, family, relationships, team leadership
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| The festive season brings unique challenges for businesses, and for people managers. Perhaps your biggest challenge is, or should be, keeping your staff happy. Hearing that your staff’s happiness is important is hardly brand-new information. So, why are we talking about this? Working over the festive period means not spending as much time with the people we love – and research from one of the most ambitious and far-reaching studies of human happiness has shown that neglecting our personal relationships has real wellness implications that we as team players and leaders should work to mitigate. Read More.
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| Scaling up small business |
| Numbers don’t lie as the inaugural Top National Gazelles team reports that 68% of businesses in the programme have increased their performance since their selection, resulting in a R30m increase in business value. Read More. |
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| Competition Amendment Bill moves to give teeth to market inquiry instrument
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| Economic Development Minister Ebrahim Patel released the Competition Amendment Bill for public comment on Friday, indicating that he expects the proposed legislation to be placed before lawmakers during the first half of 2018. Read More.
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| Treasury appoints Ian Stuart as Budget Office DDG
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| National Treasury has announced the appointment of Ian Stuart as acting Deputy Director-General for the budget office, following the resignation of Michael Sachs earlier In November 2017. Read More.
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| DTI warns large-scale job creation not as simple as it seems
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The structure of the South African economy does not allow for the creation of large numbers of jobs, nor can it support a large number of new jobs at appropriate skills levels, the ‘State of Manufacturing 2017’ report has shown. Read More.
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| Icasa tables new draft Number Portability Regulations for comment |
| The Independent Communications Authority of South Africa (Icasa) has published its Draft Number Portability Regulations for public comment. Read More.
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| South Africa's Q4 business confidence slips slightly |
| South African business confidence slipped deeper into negative territory in the fourth quarter, with an improvement in motor trade confidence offset by weakness in retail, building contractors and manufacturing, a survey showed. Read More.
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| Road infrastructure theft and vandalism costing Joburg millions
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| City of Johannesburg mayor Herman Mashaba has called for immediate intervention to stop the theft and vandalism of road-related infrastructure, which in the first five months of the current financial year cost the city R12.3-million. Read More. |
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| South Africa eyes Brics partners to build new $10bn refinery
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| South Africa is looking to the national oil companies of its Brics partners to help build a new 400 000 bbl/d refinery that will be structured by senior debt and equity, Energy Minister David Mahlobo told Parliament last month. Read More.
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| New CSIR model points to renewables-led electricity mix by 2050
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| The CSIR Energy Centre has published updated research outcomes indicating that South Africa’s least-cost electricity mix, by 2050, includes predominantly solar photovoltaic (PV) and onshore wind contributing nearly 80% of the country’s electrical energy. Read More.
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| Business Leadership SA reveals business contribution of R1.9tn to GDP
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| Business Leadership South Africa (BLSA) chief executive, Bonang Mohale, revealed on Monday that business contributed R1.9-trillion to the country’s GDP, employing seven times more people than government. Read More.
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Publishing Editor: Andrew C. Hillman | Contributing Editor: Kate Ferreira
Bespoke Sourcing Solutions (Pty) Ltd | PO Box 69042, Bryanston 2021, Gauteng, South Africa
1st Floor, Block A, Crest Junction, Cnr Judges Ave & Beyers Naude Drive, Cresta, Randburg, Gauteng, South Africa
Telephone: +27 (0)11 066 4400 | Facsimile: +27 (0)86 536 5133 | Mobile: +27 (0)72 698 3200
E-mail: clients@bespoke.co.za | Website: www.bespoke.co.za
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