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Dear Client,
In the April 2017 edition of Bespoke Procurement Bulletin, we interview Transnet's group chief supply chain officer Edward Thomas, and look at proactive approaches to managing third-party supply chain risks. Unisa academics shared the insights from their "professionalisation of public sector supply chain management" event, and we explore the four cornerstones of developing our own authentic leadership style. Our usual round-up of recent top procurement news and worthwhile upcoming events is included.
Enjoy the read!
Publishing Editor | Andrew C. Hillman | Bespoke Group
| In This Edition |
CPO interview: Transnet’s Edward Thomas
Proactive management of third-party risk in supply chains
Public sector roundtable for SCM professionalisation
CIPS Risk Index bleak for sub-Saharan Africa in 2017
Four cornerstones for authentic leadership influence
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CPO interview: Transnet’s Edward Thomas
Procurement, supply chain, leader interview, Transnet, optimisation, value |
| With a background in commerce, auditing, consulting, and business processes, Edward Thomas is a great fit for the role of group chief supply chain officer (GCSCO) for Transnet – but it is the complexity and challenges of procurement and supply chain that really drive him. Edward has worked in supply chain at the freight logistics state-owned corporation since 2010, and took over as acting GCSCO about two years ago before being confirmed in the role in June 2016. Read More. |
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Proactive management of third-party risk in supply chains
Supply chain, risk, management, proactive, monitoring and evaluation
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| The broad array of risk-related challenges that businesses face today makes it clear that an uncoordinated or case-by-case approach to third-party risk management is no longer adequate. At a practical level, a successful third-party risk management program is typically implemented in three steps: establishing ownership; evaluating risks; and audit, monitor and assess. Read More.
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Public sector roundtable for SCM professionalisation
Professionalising supply chain, academia, industry, professional events
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| Last month UNISA's Supply Chain Management Research Group (SCMRG) – championed by Professor Marcus Ambe – in collaboration with National Treasury, hosted a successful roundtable discussion event focusing on the theme of “working together to professionalise supply chain management”. Read More.
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CIPS Risk Index bleak for sub-Saharan Africa in 2017
Supply chain risk, CIPS, global index, sub-Saharan Africa, protectionism |
| The Chartered Institute of Procurement & Supply (CIPS) has released the latest CIPS Risk Index – produced together with research firm Dun & Bradstreet – for Q4 2016. The quarterly index tracks the effect of economic and political developments, shifts and trends on the stability of global supply chains. Read More.
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Four cornerstones for authentic leadership influence
Soft skills, leadership, potential, choices, purpose, free will
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| Not many things can be as important as to put the spotlight on tomorrow's leaders. The world is in desperate need of leadership. This is something that we at Future Leaders Africa believe in and actively try to cultivate through “inside-out principle-based leadership”. What is this? Just as we are warmed by the fire, not the smoke of the fire, our households, communities, organisations, societies and nations are warmed and made effective by authentic, inside-out and principle-based leadership. Read More.
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| Downgrades: Crucial for SA to maintain fiscal plan, discipline
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| It is now more crucial than ever that South Africa maintains continuity with its fiscal plan and apply strict discipline in managing the country's finances. Read More.
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| Radical economic transformation a priority for government
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| Newly appointed Finance Minister Malusi Gigaba has radical economic transformation at the top of his agenda. "We need to radically transform the South African economy, such that it works for all South Africans…", says Minister Gigaba. Read More.
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| New public procurement legislation takes effect
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| With the revised legislation governing public procurement processes coming into effect this week, stakeholders are expecting the impact of the radical economic transformation within public procurement processes to become clear in due course. Read More.
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BBBEE Commission committed to resolving noncompliance
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The Broad-Based Black Economic Empowerment (BBBEE) Commission, a member of the Department of Trade and Industry, has spent the past year assessing compliance problems and has resolved to investigate companies that are involved with fronting and noncompliance with the BBBEE legislation. Read More.
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| Do you understand the risks of technological progress?
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| Any change can be unsettling, but changes as profound as those being unleashed by the current phase of technological development – known as the Fourth Industrial Revolution – are prone to be particularly destabilizing. Read More.
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| DTI urges captains of industry to take the lead in African trade
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| The South African Department of Trade and Industry (DTI) on Wednesday called on business leaders to take the lead in fighting poverty, unemployment and inequality on the continent through the promotion of regional trade. Read More.
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| World Bank to lend Tanzania $2.4bn over three years for infrastructure projects
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| The World Bank will lend Tanzania $2.4-billion over the next three years to finance infrastructure projects, the bank's president Jim Yong Kim said on last month. Read More. |
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| Government supports 27 black industrialists
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| Government has supported 27 black industrialists from the first quarter of 2015/16 to the third quarter of 2016/17 to advance economic transformation. Read More.
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| The link between English and economics
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| Billions of people around the globe are desperately trying to learn English—not simply for self-improvement, but as an economic necessity. Read More. |
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Small businesses critical for job creation
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| Small businesses must contribute at least 800 000 jobs a year if government’s target of creating 11 million jobs by 2030 is to be realised. Read More. |
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| Video of the month |
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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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