Overview to Frame working Strategic Vendor Management Part Two

Introduction to topic In this two- part article, a broad overview to frame working Strategic Vendor Management shall be covered. In part One we dealt with what defines SVM, why you need it and do you need it. In the second part of the topic, we shall review the components of the actual SVM Framework. … Read more

Overview to Frame working Strategic Vendor Management (Part one)

Introduction to topic In this two- part article, a broad overview to frame working Strategic Vendor Management shall be covered. In part one I shall deal with how SVM helps the organisation and how to know whether an SVM Programme is needed. Defining Strategic Vendor Management Strategic Vendor Management (SVM) aka Vendor Relations Management is … Read more

Understanding the Cornerstones of Vendor Management

There is much written and said about successful vendor management. However very little concerns the fundamental cornerstones of sound vendor management. The below listed cornerstones, though ridiculously obvious, are frequently ignored and if, are the root cause of many supplier and internal stakeholder disputes that often have far reaching and bitter consequences. 1) Vendor Due … Read more

Overview to Procurement Due Diligence

Procurement Due Diligence is frequently mentioned in the South African press regards the ongoing revelations around the PPE corruption debacle, as well as other current and past ones.  Providing the Vendor Selection & Appointment Process is NOT compromised, Due Diligence is vital to any Procurement Executive and their employer organisation to ensure an optimised supply … Read more

Basics of successful Strategic Sourcing Initiative Pre-Planning

When planning any form of successful Strategic Sourcing Change Initiative, the pre-planning (prepping) is as important as the actual Change Initiative planning and implementation itself. This is obvious, even to those with minimal change initiative experience, but it is astonishing how many times these basic pre-plan components are overlooked and result in Initiative failure or … Read more

The difference between Strategic Sourcing and Purchasing

A lot of confusion exists as to what the difference is between Strategic Sourcing and Purchasing. Many people ‘bundle both disciplines into the same generic basket’. In this basic introductory article to a series on Strategic Sourcing, I will explain the difference. What is Strategic Sourcing (aka Strategic Procurement)? Strategic Sourcing is the continuous development, … Read more

Covid-19 and Globalisation

Covid -19 has a far- reaching impact on world health, but however the effects on the global supply chain and financial markets is significant enough to already begin triggering economic repercussions that could last well into the 2020’s. Why?  For all the most obvious of lean management and labour reasons that supports long term Manufacturing … Read more

Handling Supplier Risk Management basics

What constitutes Supplier Risk? Simply put supplier risk constitutes any threat originating out of the supply chain that jeopardises or potentially can jeapodarise an organisations earning’s, image and operational capacity. Obviously there are many software companies out there doing the” hard-sell” on Risk Management Programmes and I agree that these do certainly have their place. … Read more