How Procurement Helps Businesses Manage Supply Chain Disruptions
Quick summary
Cheryl Greyling, a senior manager at the Chartered Institute of Procurement & Supply (CIPS), discusses the important role of procurement during supply chain disruptions. In South Africa, businesses are facing challenges with delays and shortages caused by various global and local issues. Procurement teams are now more critical than ever in finding new suppliers, managing costs, and ensuring goods and services arrive on time. Effective procurement helps businesses stay competitive by anticipating risks and adapting quickly to changing conditions. This means careful planning and strong relationships with trusted suppliers are essential strategies for navigating these disruptions.
Summary
Cheryl Greyling, a senior manager at the Chartered Institute of Procurement & Supply (CIPS), discusses the important role of procurement during supply chain disruptions. In South Africa, businesses are facing challenges with delays and shortages caused by various global and local issues. Procurement teams are now more critical than ever in finding new suppliers, managing costs, and ensuring goods and services arrive on time. Effective procurement helps businesses stay competitive by anticipating risks and adapting quickly to changing conditions. This means careful planning and strong relationships with trusted suppliers are essential strategies for navigating these disruptions.
OnABudget takeaway
OnABudget takeaway: For South Africans, this means companies working behind the scenes to secure products and services can help keep prices more stable and avoid delays. Small businesses and consumers should watch for how procurement strategies improve availability and affordability in the local market.
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