Effective procurement management is focused on driving efficiencies through the supply chain through optimising the processes that support the supply chain. Effective supply chain processes can create competitive advantage and boost sales through increased delivery. There are several ways to approach process optimisation in supply chain management. Three such ways are through cost savings, […]
There is a correlation between economic growth and rising international trade, making trade development critical for developing economies to raise living standards and eliminate poverty. Growth-enhancing factors include increased competition from international firms, improving economic efficiency. This leads to under-performing local firms being replaced by more dynamic ones, increased economies of scale that lower costs, […]
The management of transport and logistics, and the systems underpinning it, has been revolutionised over the last 20 years. No longer are shippers and logistics providers relying on small teams of human resources, spreadsheets and phone lines. Today, as local and global markets have become increasingly globalised, shippers and logistics providers require robust, always-on-and-accessible transport […]
The COVID-19 pandemic is not just an existential threat to human health and economic wellbeing but represents the schism of local markets relying on international suppliers for essential goods. When those supply chains are interrupted, the availability of such goods is compromised. Despite significant economic growth in East Africa, averaging 5.8% annually from 2015-2019, the […]
Essential to the execution of international trade between buyers and sellers are Incoterms®, or International Commercial Terms. Incoterms® rules exist to provide specific guidance to individuals participating in the daily import and export of global trade. These rules account for the assumed cost risks and responsibility for importers or buyers at each point of […]
In the next installment of Letsema Talks, Yoshlin Pillay, a Consultant at Letsema, elaborates on what supply chain visibility (SCV) is and why SCV transcends operations to play a key role in an organisation’s strategic planning. Our conversation follows Yoshlin’s recent article, The what, why and how of supply chain visibility. Letsema Talks · Letsema […]
In our latest episode of Letsema Talks, we speak to Manav Sachdeva, an Associate Partner at Letsema, about digital procurement, its evolution, current trends within the space and the role it plays in a business’s COVID-19 response and recovery strategy. Our conversation follows Manav’s recent article, Procurement eAuctions: Delivering savings in a tough economy, written […]
In our first episode of Letsema Talks, we speak to Letsema CEO Derek Thomas about what an SME need to become viable exporters, based on his experience working with Cirebelle, a chemicals solutions manufacturer. Our conversation follows Derek’s recent article, Five on how an SME can become a successful exporter. Letsema Talks · Letsema Talks: […]
This article was compiled and written by Manav Sachdeva and Vinod Jose In this time of financial paralysis, organisations that respond well in times of historic crises are fast and agile. They make decisions quickly and implement those decisions effectively and efficiently, bolstering business resilience, and putting them in a position to recover and grow […]
Authors: Carolin Feck and Tavonga Shoko The Balanced Scorecard continues to be a highly relevant strategic business performance management tool. This is despite being published in 1992, when yesterday’s economy was nowhere as dynamic as it is today. Why? We believe the answer lies across four key factors: Evolution – The Balanced Scorecard has evolved […]
