Tag: supply chain management

As technology accelerates and sustainability gains global attention, supply chain management is becoming a crucial driver of business success. In South Africa, unique challenges such as rising costs and resource constraints are inspiring innovation through digitisation and sustainability.

Blockchain technology goes by many names; game-changer, disruptive, futuristic and impenetrable. Names all well-deserved and valid. Initially associated with cryptocurrency, blockchain has well and truly come into its own and now includes health, transportation, disaster recovery and importantly, supply chain management.

One significant challenge facing African manufacturers is inadequate reporting and analysis capabilities. This often results in inefficient decision-making processes due to siloed data, limiting the ability to respond to changing conditions quickly.

After 19 years of true loyalty, passion and dedicated service at Samsung Electronics South Africa, Hlubi Shivanda: Business Operations and Innovation and Corporate Affairs Director has resigned.

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.

Data integrity, security, and availability are vital aspects to consider whether it pertains to personal information, business records, or research data. However, many individuals and organisations often neglect the importance of data maintenance, which can lead to data ‘load shedding’, a term used to describe the loss, corruption, or unavailability of data due to poor data management practices.

Simply put, consumers must be able to trust the food they buy. Quality control issues can easily and quickly lead to consumer dissatisfaction and negative sentiment towards a brand or product line. They may also lead to a costly product recall, or in the worst-case scenario, a consumer death and the massive destruction of brand value and reputation. 

Tenders are complex and competitive with multiple, highly-skilled organisations vying for the same projects and opportunities. This makes it key that companies stand out, showcasing their expertise and offerings in ways that underscore the invaluable tenets of cost-efficiency, quality, proven capability and productivity.

Technology is moving so quickly that many business owners might feel overwhelmed with all the sudden hype around artificial intelligence (AI), ChatGPT and other trends. We’re still coming to terms with what this technology means and how we can use AI in any meaningful way.

Optimised procurement processes have the potential to refine supply chain management and resolve ongoing corruption challenges.