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Dear Client,
In the July 2017 edition of the Bespoke Procurement Bulletin, the anniversary month of Bespoke's seven years in operation, Stephen Wills breaks down the critical steps to ensure procurement's place in the 21st century corporate environment, and we provide our highlights of the recent SAPICS 2017 conference. Our soft skills piece spurs readers from "just coping" to a growth mindset, and we explore the findings of the CIPS salary report. The usual round-up of recent top procurement news and worthwhile upcoming events is included.
Enjoy the read!
Publishing Editor | Andrew C. Hillman | Bespoke Group
Future-proofing procurement in the 21st century
The changing face of procurement and supply chain
SAPICS 2017: Smart, agile SC professionals are key to surviving volatility
CIPS salary report: how do you measure up?
Coping or growing?
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Future-proofing procurement in the 21st century
Procurement, value creation, strategic, business partner, evolving market
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| At a time when business is warming to procurement’s contribution, the skills required by our profession must become stronger than ever before. In fact, learning and development must be continuous and embrace a broad range of skills and capabilities. To become fully effective as a strategic business partner, procurement specialists must have people skills, business skills and new procurement skills. Read More.
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The changing face of procurement and supply chain
Supply chain, strategy, integration, TCO, value creation
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| There is no denying that supply chain management is critical to the overall performance of an organisation. However, how integrated it has become in many organisations’ overall strategies, is a matter of debate. In future, specialists who focused on cost containment will be extinct, replaced by business leaders and professionals who innovate, influence and implement – the kind of people who drive total cost of ownership and value creation across multi-tier supply chains. Read More.
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SAPICS 2017: Smart, agile SC professionals are key to surviving volatility
Supply chain, procurement, event, training, skills, SAPICS, workshop
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| The 2017 iteration of the SAPICS annual conference was held in Cape Town last month. The conference is one of the top regional supply chain events on the annual calendar – and a hotly anticipated event year after year, attracting over 800 delegates. This year did not disappoint either – providing a fantastic mix of speakers and topics over three days at the Century City Convention Centre. Read More.
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CIPS salary report: how do you measure up?
Procurement, supply chain, salary, survey, data, career
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| Data from the latest CIPS/Hays Procurement Salary Guide and Insight 2017 report reveals that more than half of sub-Saharan professionals received a raise in the last year, but that men still earn more than women peers at senior level jobs. Where women hold their own salary-wise, however, tends to be in the areas of managerial, operational and tactical levels. Read More.
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Coping or growing?
Soft skills, coping, growing, personal response, challenges, community
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| Are you coping and managing, or growing and leading? If you ask me, after sixty-odd years in this life, I concur that life is difficult. Every now and then we experience turbulence, curve balls, major disappointments, high expectations, stress, fear, anxiety, loneliness and confusion. This being so, the important question is how we respond to these experiences. There are three ways of responding: we succumb and give up hope; we find a way to cope; or we grow. Read More.
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| G20 should build digital economy friendly to growth, jobs
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| Chinese President Xi Jinping says the Group of 20 (G20) members should build a digital economy that is friendly to growth and employment. He made the remarks while attending the two-day G20 summit in the German port city of Hamburg. Read More.
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| 3 Strategies for Optimizing Industrial Products Inventory
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| Treading the fine line between achieving high fill rates and carrying unsold stock that erodes your margins takes its toll on any business. Add the complications of fast-changing customer demands and intensifying competition and the fine line gets even thinner. Read More.
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| MTN appoints procurement, supply chain management head
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| Telecommunications group MTN has appointed Dirk Karl to head up group procurement and supply chain management, effective November 1. He will be responsible for developing and executing global procurement and sourcing strategies. Read More. |
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| Procurement inquiry documents lost in Eastern Cape premier office fire
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| Documents linked to an important inquiry were lost in a blaze that broke out at the premises of the Office of the Eastern Cape Premier Phumulo Masualle in Bhisho last month The portion of the building where the fire started housed supply chain management and procurement documents. Read More.
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| How a Supplier Views a Customer
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| A look at the six different ways that an OEM customer might be seen by an individual supplier. In my experience purchasing organizations don’t reflect enough on how their suppliers regard their strategies, at least on an individual basis. Read More.
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| Unpacking radical economic transformation
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| Radical economic transformation is not a break from existing government policy nor does it represent a new and uncertain path. Rather it is an acceleration of the current transformation of the country’s economy to benefit all and if implemented right it can speedily address the imbalances of the past, says Deputy President Cyril Ramaphosa. Read More.
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| Low business confidence hits economy |
| Giant global ratings agency Moody’s yesterday warned that the steep decline in South Africa’s business confidence in the second quarter is a setback to economic growth recovery and will further dampen investment. Read More.
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| South Africa: Gigaba - Economic Transformation to Push Forward
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| It would be a mistake to react to the recession by focusing only on the growth of established business and letting economic transformation fall by the wayside, said Finance Minister Malusi Gigaba has said. Read More.
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| Africa’s rail development key to growth in intra-Africa trade
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| A lack of efficient rail infrastructure and a rail “disconnect” were inhibiting dealings within the continent and contributing to struggling intra-African trade growth, Common Market for Eastern and Southern Africa-Alliance for Commodity Trade in East and Southern Africa says trade and market director George Magai. Read More.
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| Electric vehicles to drive copper demand over next decade
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| A growing market for electric vehicles (EVs) will significantly boost demand for copper over the next decade, from 185 000 t this year to 1.74-million tonnes in 2027, a study commissioned by the International Copper Association (ICA) has found. 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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