Tag: procurement management

Chief Financial Officers (CFOs) not only have a serious fiduciary duty to themselves as individuals, but they also have a responsibility to their employer to ensure that every step of every financial process is in order and above board. The consequences of financial mismanagement are multiple – again, individually as well as for the company.

In 2021, the global procurement as a service market was valued at approximately US$ 6.3 billion. Given that the market has a projected compound annual growth rate of 7% for the next 10 years, experts forecast that the market is likely to reach a valuation of US$13.3 billion by the end of 2032.

We have announced new research findings from our latest global research survey, ‘Realigning the links of the disconnected supply chain’, which explores the challenges and solutions to ongoing supply chain disruptions that manufacturers and distributors face today.

Too many powerful and well-remunerated people in our public sector are letting South Africans down by continually failing to achieve the strategic objectives of the entities they manage. Officials in the public sector must employ clean governance principles across every aspect of their operations.

If South Africa is to successfully drive job creation and achieve sustainable economic growth, the key is to enable large corporate support for Small and Medium Enterprises (SMEs). The small business sector is instrumental to creating an inclusive economy and a better life for the previously marginalised.

Exports could hold the key to South Africa’s economic recovery and growth. South Africa is experiencing a record trade surplus in the wake of the COVID-19 pandemic with our exports far outpacing imports. Recent data released by the South African Revenue Service showed that South Africa recorded a trade surplus of R51.4 billion in April 2021, surpassing market expectations of R31 billion.

The retail supply chain is large and complex, and constantly needs to adapt to meet changing demand from end consumers. The need for multi-channel fulfilment across online and in store adds to this complexity. Accurate demand forecasting is critical to every part of the chain, from manufacture to distribution to sales.