Wednesday, 31 July 2013

Tejari Industry Briefings - Best Practices in Programme and Process Management

Authored by Soraya Sackey

This month we saw the launch of the Tejari Industry Briefings, a series of free knowledge sharing webinars designed to share our experiences and what we believe to be the best practice approaches to adoption and use of Tejari technologies. We started the series with the first briefing on Running Successful eAuctions where we looked at what an eAuction is, how you go about planning an eAuction, how you execute an eAuction and the kind of results you can expect from running an eAuction.

The second in the series of briefings on Best Practices in Programme and Process Management is now live on StrategicSourcing.ae and will cover the following areas:

Tuesday, 30 July 2013

Supply Chain Disruptions = 30% lower shareholder returns

Authored by Mickey North Rizza

In the spring of 2005, the Production and Operations Management Journal published an article, “An Empirical Analysis of the Effect of Supply Chain Disruptions on Long-Run Stock Price Performance and Equity Risk of the Firm.” The study found companies have experienced 30% lower shareholder returns compared to their peers in the wake of a publicly announced supply chain disruption.

Friday, 26 July 2013

Management Accountability - "You Can't Manage What You Dont Measure"

Authored by Mickey North Rizza
 
“You can’t manage what you don’t measure,” a mantra Michael Corbett, CEO of Citigroup Inc. is following. Corbett’s recent requirement will track the individual performance of top executives with a scorecard that will rate these managers in five categories – capital, clients, costs, culture and control. According to Corbett, of extreme importance is how these top executives are performing in relation to their financial plan.

Wednesday, 24 July 2013

Worlds Collide – Sourcing, Social, Information, Mobile and Cloud

Authored by Soraya Sackey

The cloud, social, access to information and mobile are driving market forces, and to remain effective, competitive and relevant companies need to embrace them. That particularly rings true for sourcing managers.

This year, Gartner released a report on the impact these forces will have on strategic sourcing in 2013, and in it Frank Ridder, research vice president at Gartner, says that sourcing managers need to better understand “wider IT service market trends” to more effectively do their jobs.

Here’s Gartner’s explanation as to why these four areas are ones to watch: 

Wednesday, 17 July 2013

Even The CFO Is Focused On Risk!

Authored by Mickey North Rizza

Risk continues to be a hot topic for businesses; but like the old adage about EF Hutton, when the CFO starts talking, people start listening — or in this case, start strategizing for the future.

At a recent Wall Street Journal CFO Network Conference, attendees noted four critical aspects to prepare for global business risks: Thinking regionally; Cyber-security; Manage the supply chain; and Interrelated risks. Each area was well defined, but also left some room for further thought.

Monday, 15 July 2013

Capitalizing on the Magic in Gartner’s Strategic Sourcing Magic Quadrant

Authored by Mickey North Rizza

As we mentioned last week, Gartner released The Magic Quadrant for Strategic Sourcing for Application Suites. The ‘MQ’ as it is affectionately known, positions technology players within a given market, in this case Strategic Sourcing. The MQ plots the providers ability to execute against the completeness of vision: resulting in a quadrant positioning the leaders, visionaries, challengers and niche players.

The MQ is arguably one of the most sought after reports Gartner produces. Business executives and technology leaders rely on this document to help filter the technology sales and marketing noise and strategize for the future by marrying the right technology footprint with their business needs.

Tuesday, 9 July 2013

Gartner Names BravoSolution as Most Visionary Strategic Sourcing Vendor in Leaders Quadrant


Last week, Gartner, Inc. released the latest Magic Quadrant for strategic sourcing technologies,* and BravoSolution (which operates as Tejari in the MENA region) is positioned as a Leader with the furthest placement on the Visionaries axis out of 29 vendors, and second highest placement for its ability to execute.

“The technology and skills that procurement needs to excel are rapidly evolving, and we believe Gartner's recognition is a testament to our commitment to improve alongside them.”

Friday, 5 July 2013

Conflict Minerals: Three Steps to Supply Chain Compliance

Authored by Mickey North Rizza

Human rights groups won a major battle last year when the SEC approved new rules that force public companies to disclose if any of their products contain conflict minerals sourced from the Democratic Republic of Congo.

Conflict minerals – which include tin, tantalum, tungsten and gold, among others – are core components of many high-tech products that consumers use every day, like smart­phones, MP3 players and laptops. The trading of these minerals, however, is believed to fuel deadly civil wars in the Democratic Republic of Congo and Uganda.

Wednesday, 3 July 2013

The UAE on an Educational High!


Authored by Rebecca Fox

After partnering with Tejari this year with the Real World Sourcing series in the quest for driving educational initiatives in the UAE region, CIPS MENA is pleased to announce another aid to education with the launch of the CIPS series of training programmes held here in the UAE.

These programmes are aimed to help procurement and supply management professionals deliver real strategic and sustainable value to their organisations. They help improve, record, maintain and evaluate your technical and managerial skills and knowledge, provide evidence of your progress as well as all the training courses counting towards the skills category of CIPS new CPD scheme.