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Dear Client,
In this month's Bespoke Procurement Bulletin, we look at how introducing the commodity wave process can unlock the value of strategic procurement, and we examine the business imperative of transforming transport and logistics into a more gender-equal industry. We also examine the IACCM’s second pitfall of contract management – timing of engagement – while soft skills expert Dr Gerhard van Rensburg explores the implications of the statement “you are what you seek”. The usual round-up of the month's top procurement news and worthwhile upcoming events is included.
Enjoy the read!
Publishing Editor | Andrew C. Hillman | Bespoke
| In This Edition |
The commodity wave process
Women in Logistics: Harnessing the opportunity to drive sustainable growth
Time, trust, and money: the costs of delayed engagement
Revealing self-examination: You are what you seek
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The commodity wave process
strategic procurement, commodity wave process, value teams
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| So you just got your advanced Diploma in Procurement and Supply management and can’t wait to implement all those good strategic procurement ideas at your company. But no one wants to listen, and to be honest, even when they do, you just can’t seem to get across all the knowledge you have acquired in a structured way. So how do you go about implementing strategic procurement into an organisation that has only ever viewed procurement as an operational department? Read More.
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Women in Logistics: Harnessing the opportunity to drive sustainable growth
women in logistics, gender equality, sustainable growth, inclusive economy
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| In recent years several major studies have demonstrated that having more women leaders, board members, managers and supervisors leads to better business outcomes including higher levels of productivity, safety and improved financial returns. It is critical to foster a workplace culture whereby constructive dialogue about the importance and benefits of diversity and inclusion can take place between men and women. Read More.
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Time, trust, and money: the costs of delayed engagement
Contract management, pitfalls, research, IACCM, timing of engagement
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| The International Association for Contract & Commercial Management (IACCM) undertook research to determine the top ten biggest pitfalls in contract management. This article - the second in a series - examines IACCM’s report and findings on its second pitfall; namely, ‘Timing of Engagement’. It asks the question “At what point should contracts expertise become involved in a bid or market opportunity?” while examining the impact of and reasons behind any delays therein. Read More.
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Revealing self-examination: You are what you seek
Soft skills, self-examination, motivations, contrasts, acceptance
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| You are what you seek. A part of me – that part which says: ‘I am more, and better, than that’ – rebels against such a statement. But there is another part of me that feels there is truth to this claim. And it’s something I can’t just ignore: ‘I am what I am in what I look for in the moment’. The claim raises two questions: what is real and true? And, what is just the ideal picture I hold of myself? Read More.
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| B-BBEE Commission teaches communities
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| The Broad-Based Black Economic Empowerment (B-BBEE) Commission says community education and participation is crucial to ensure that small business benefit from BEE. Read More.
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| SA to build gas-to-power port infrastructure for R50.3bn to cut coal use
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| South Africa will invest about R50.3bn in building Richards Bay and Coega infrastructure for a gas-to-power programme to reduce its dependence on coal. Read More.
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| Tanzania: Stakeholders Discuss Oil, Gas Bill
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| Stakeholders engaged in the hydrocarbons industry are now busy giving their views on the Oil and Gas Revenue Management Act, it has been revealed. Read More.
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| Departments and state-owned entities fail to submit financials on time
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| While the South African Broadcasting Corporation (SABC) reported a R411-million loss‚ it managed to submit its financials to Parliament just in time‚ unlike several departments and state entities‚ like SA Express‚ which missed the deadline. Read More.
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| Ghana could be Africa's number four oil producer by 2020 – report
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| Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240 000 bl/d, pan-African bank Ecobank recently said. Read More.
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| Treasury postpones implementation of tyre levy to Feb 2017
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| The National Treasury has postponed the implementation of the environmental tyre levy to February 1. The levy had been due for implementation on October 1. Read More.
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| Rand remains firmer after Reserve Bank keeps rates unchanged
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| The rand was still firmer against the dollar last month, though little changed, after the Reserve Bank kept the repo rate unchanged at 7%, as was widely expected. Read More.
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| Tanzania: Change Afoot to Relax Rule for Fuel Bulk Procurement
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| The government is weighing a plan to relax the rule on petroleum bulk procurement system that requires tendering oil firms to buy and supply the product in a cargo-to-cargo base other than the winner-takes-all-process. Read More.
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| Commodities may end 2016 with whimper after first-half rally
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| The Bloomberg Commodity Index, tracking returns for 22 components, is heading for a third-quarter slump after posting consecutive gains in the first two periods. Read More.
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| Moody’s says it has noticed financial underperformance and weak governance in SA
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| There is a lack of progress in implementing reforms at state-owned enterprises (SOEs), which may ultimately carry costly financial implications for the government, ratings agency Moody’s says. Read More.
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| Video of the Month |
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| Publisher |
Publishing Editor
Andrew C. Hillman
Contributing Editor
Kate Ferreira
Bespoke Sourcing Solutions (Pty) Ltd
PO Box 69042, Bryanston 2021, Johannesburg, Gauteng, South Africa
1st Floor, Block A, Cresta Junction, Cnr Judges Avenue & Beyers Naude Drive, Cresta, Randburg, Johannesburg, Gauteng, South Africa
Telephone: +27(0)11 066 4400
Facsimile: +27(0)86 536 5133
E-mail: info@bespoke.co.za
Website: www.bespoke.co.za
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