{"id":1018,"date":"2022-07-22T13:09:43","date_gmt":"2022-07-22T11:09:43","guid":{"rendered":"https:\/\/smartprocurementworld.com\/indaba\/?p=1018"},"modified":"2023-06-22T15:53:11","modified_gmt":"2023-06-22T13:53:11","slug":"think-global-and-act-local-to-remedy-procurement-myopia-and-ensure-business-success-and-resilience-experts-advise","status":"publish","type":"post","link":"https:\/\/smartprocurementworld.com\/indaba\/think-global-and-act-local-to-remedy-procurement-myopia-and-ensure-business-success-and-resilience-experts-advise\/","title":{"rendered":"Think Global and Act Local to Remedy Procurement Myopia and Ensure Business Success and Resilience, Experts Advise"},"content":{"rendered":"
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\u201cGlocalisation\u201d is a remedy for procurement myopia, according to Dr. Jones Mathew, who is a Professor at the Great Lakes Institute of Management in Gurgaon, India. He was one of the 100 renowned African and international experts who shared their experience and insights with the more than 500 delegates who attended the recent Smart Procurement World Indaba. Now in its 16th year, this event is South Africa\u2019s largest, longest-standing conference and expo for procurement and inbound supply chain professionals. This year\u2019s theme was \u201cGlocalised Procurement \u2013 Think Global, Act Local\u201d.<\/p>

Mathew explained that \u201cglocal\u201d procurement entails protecting localisation while at the same time integrating into global businesses. While an organisation suffering from procurement myopia would focus only on cost cutting rather than business value creation in its procurement strategy, and may be dangerously dependent on select suppliers, a glocalised organisation would successfully combine global channels with local strengths, he said. \u201cRisk assessment is an integral part of a glocalisation strategy, along with the identification and activation of alternate local resources,\u201d he told Smart Procurement World Indaba attendees.<\/p>

\u201cGiven the current world supply chain scenario, there would be great benefits in shoring up one\u2019s internal or domestic supply chain capabilities with local opportunities. At stake may be more than just millions of dollars in sales losses or gains. If a glocalisation thrust is not a part of procurement strategy, it could even undermine the very survival of the firm,\u201d Mathew warned.<\/p>

The 2022 Smart Procurement World Indaba offered the inbound supply chain and procurement profession a critical opportunity to meet in person to learn and network for the first time since the start of the pandemic. Organiser Smart Procurement World has reported that the event was a huge success, with delegates commending the excellent programme and informative topics.<\/p>

\u201cThank you from Fuzzy Logic Studio for a successful event, Smart Procurement World. What a great way to network, learn and meet buyers and suppliers,\u201d said Tamara Al-Halaseh, Immersive Technology AR\/VR Solutions Expert, Business Management and Systems Thinking Practitioner. \u201cThere was an excellent programme with informative topics. It was an amazing conference. I am so humbled to have been able to take part and meet this awesome community in the procurement space. Truly great connections were made at the 2022 Smart Procurement World Indaba,\u201d she reported.<\/p>

Andriane Naidoo, Senior Sourcing Manager at Visa, rated this year\u2019s Indaba as \u201cincredible\u201d. \u201cThis was the first time that I have attended this event. I am highly impressed with the amount of knowledge sharing and learning from the amazing industry leaders and the work and passion invested into SMMEs,\u201d she commented.<\/p>

Malebogo Pule, Procurement Manager at the Bostwana Communication Regulatory Authority, said that she could not wait to share what she had learnt at the Indaba with other professionals at home in Botswana. \u201cI am excited to have been part of this Indaba. Indeed, procurement is universal. The issues raised through discussions and presentations are the same issues we experience in Botswana,\u201d she noted.<\/p>

The 11th annual Absa Enterprise and Supplier Development Event ran alongside the 2022 Smart Procurement World Indaba. South Africa\u2019s largest gathering of buyers and suppliers, this event enabled buyers to engage with local suppliers, offering critical market linkage opportunities to small businesses.<\/p>

In his opening address at the Indaba, Vusi Fele, Absa Group Chief Procurement Officer, stressed the importance of innovation and collaboration, which he said are crucial to successful and sustainable entrepreneurship development.<\/p>

\u201cBusinesses that do not constantly innovate to respond to the changing needs of their customers are destined to lose customers and run out of business, entrepreneurship and innovation. The importance of sustainable entrepreneurship development, particularly in the current socio-economic environment that we found ourselves in, cannot be underestimated. Opening up opportunities for small and medium enterprises (SMEs) to access corporate supply and delivery chains is one of the most efficient and consistent ways in which established corporates can contribute to sustainable entrepreneurship development,\u201d he said.<\/p>

The annual APMP SA Conference also ran alongside the 2022 Smart Procurement World Indaba and focused on upskilling attendees on tender proposals and the bidding process. C-suite executives had the opportunity to share high level knowledge, lessons and insights at the CPO (Chief Procurement Officer) Leaders Forum Breakfast, which was sponsored by Dooka with the support of knowledge partner Transparent.<\/p>

Absa, Dooka, Tradeshift and Transparent partnered with Smart Procurement World to host this year\u2019s Indaba, which was held at Gallagher Convention Centre, Midrand.<\/p>

\u201cThe 16th Annual event was not just special because we were able to see so many in person after all this time, but rather to see how so many have resiliently come through one of the biggest challenges and industry has had to face. Not just come out of it but using it as a launch pad to innovate, question and be better. I saw our industry looking at things differently and motivated to make it happen. We are privileged as Smart Procurement to be a part of something that is making a difference. We do not take this honour lightly.\u201d Debbie Tagg , COO, Smart Procurement.<\/p>\t\t\t\t\t\t\t\t<\/div> \t\t\t\t<\/div> \t\t\t\t\t<\/div> \t\t\t\t<\/div> \t\t

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ABOUT SMART PROCUREMENT WORLD<\/h2>\t\t\t\t<\/div> \t\t\t\t<\/div> \t\t\t\t
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