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Dear Client,
In this month's Bespoke Procurement Bulletin, we interview Nedbank CPO Shiraz Sarang on his successes to date and the need for real leadership and training in procurement, and we explore the IACCM’s third contracting pitfall of poor stakeholder engagement and management. We look at the particular challenge of procurement recruitment, with a view to guiding you on nailing that job interview, and revisit the highlights of last month's annual contract management event. 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 |
CPO interview: Nedbank’s Shiraz Sarang
How to nail a job in procurement or supply chain management
Contracting Pitfall No. 3: Poor stakeholder engagement
Contract management: let procurement lead the way
Care in silence: learning to listen |
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CPO interview: Nedbank’s Shiraz Sarang
chief procurement officer, supplier development, supply chain, procurement, CPO
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| After almost a decade of climbing the ranks in procurement, Shiraz Sarang was appointed chief procurement officer (CPO) at Nedbank four years ago. Since taking on the CPO position, Shiraz and his team have driven a total cost of ownership reduction of over R1 billion (over six years), using a combination of tactical leadership, hard work, and best-of-class technology tools to aid in their strategic sourcing programme. Read More.
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How to nail a job in procurement or supply chain management
procurement, supply chain, recruitment, job interview, career
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| Many leading recruiters offer general advice on how to prepare for and behave in an interview situation. That’s all freely available and very helpful, but what about preparing for a procurement or supply chain role, how is it different? Because procurement is an important and integral part of any organisation, you need to fully understand the dynamics of the organisation that is hiring. Read More.
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Contracting Pitfall No. 3: Poor stakeholder engagement
Contract management, pitfalls, research, IACCM, stakeholder management |
| The International Association for Contract & Commercial Management (IACCM) research to determine the top-10 biggest pitfalls in contract management continues to provide relevant and illuminating insight into the “danger zones” of contract management. This article examines IACCM’s report and findings on the third pitfall; specifically, stakeholder management. Read More.
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Contract management: let procurement lead the way
Contract management, event, relationship management
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| Bespoke’s annual contract management event was held last month, at the Protea Hotel Midrand. A highlight of the annual training calendar, the highly anticipated event surpassed expectations, bringing together contract and procurement professionals to discuss leading practises in managing contracts and – through that – relationships and performance. Read More.
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Care in silence: learning to listen
Soft skills, active listening, personal relationships
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| There is an enormous difference between just hearing and active listening. We can "hear" simply on the basis of auditory stimuli. For example, we hear a train, even if we are not paying much attention to it. Listening can be relatively passive, if the listener is not paying attention. Active listening on the other hand is not passive at all. The listener responds to what is heard through non-verbal behaviour that signals attention, interest and concern for what others are saying. Read More.
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| SA platinum producers dodge strike bullet
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| From being the Achilles’ heel that often chokes the economy, labour relations on the country’s mines are improving and may help the country in its bid to avoid its credit rating being cut to junk later this year. Read More.
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| Entrepreneurs key to economy
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| Two of the major goals of the National Development Plan (NDP) are to eliminate poverty and reduce inequality by 2030. To do this, the NDP recognises entrepreneurs as national assets who are essential for creating wealth, jobs and greater prosperity. Read More.
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| Rand Rallies As NPA Drops Gordhan Charges
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| The rand rallied to below R13.60/$ during NPA boss Shaun Abrahams' lengthy speech ahead of his announcement that charges have been dropped against Finance Minister Pravin Gordhan and his two co-accused, Oupa Magashula and Ivan Pillay. Read More.
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| Public Procurement Bill to be considered by Cabinet
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| A Public Procurement Bill, aimed at consolidating the legal and policy framework for supply chain management, will be considered by Cabinet before April 2017, National Treasury said on Wednesday. Read More.
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| B-BBEE Commission hits the ground running
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| The Broad-Based Black Economic Empowerment (B-BBEE) Commission Head of Operations Nontokozo Nokhwali-Mboyi says 134 complaints have already been received since the body was established earlier this year. Read More. |
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| World Bank raises 2017 price outlook for oil and metals
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| The World Bank has increased its 2017 price outlook for both metals and oil in its latest ‘Commodity Markets Outlook’, raising its October forecast for crude oil to $55/bl, from $53/bl in July. Read More.
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| Infrastructure investment remains a priority
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| In line with the National Development Plan, investment in infrastructure remains a policy priority with public-sector infrastructure investment plans totalling R987.4 billion over the medium term. Read More.
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| Skilled trades still most difficult positions to fill – survey
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| Workforce expert Manpower Group’s eleventh yearly Talent Shortage Survey shows some interesting results for 2016 over the 2015 results, with skilled trade workers remaining in the top three most difficult positions for companies to fill for the fifth consecutive year. Read More.
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| Tanzania: Govt Targets 13% Economic Growth
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| Tanzania is required to boost its economy by more than 13 per cent annually in order to attain a middle income status by 2025. For the past years the country's economy has been growing by 7 per cent only. Read More.
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| World-Class Procurement Generates More Than Twice ROI
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| Companies that have world-class procurement organizations enjoy a number of competitive advantages. According to a new study by The Hackett Group, Inc. these companies generate more than twice the return on investment. They also have 18% lower operating costs than typical companies, and operate with 28% fewer staff. 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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