The important and key role that procurement professionals play was thrust into the spotlight during the COVID-19 pandemic, as the world came to note the importance of stable supply chains. Talent management, technology, Environment, Social and Governance (ESG), Enterprise Supplier Development (ESD) and Broad-based Black Economic Empowerment (B-BBEE) are some of the important procurement topics that will be under the spotlight at the third Women in Procurement (WIP) Conference, which takes place on 23 March 2023 at Times Square in Pretoria.

Procurement is a key driver of development and enabler of service delivery. The government is the single largest buyer in the country, spending more than R500-billion on goods, services and construction works a year through more than 1 000 procuring entities.听 鈥淪killed procurement personnel are vital to ensuring that procurement is efficient and optimised 鈥� and there are many opportunities for women to grow and thrive in this industry,鈥� says the WIP Conference Convenor and Organiser Masego Khutsoane. 鈥淭he WIP conference is a necessity: not just for women, but for society as a whole. Gender parity in the workplace is crucial to ensuring that the imbalances of society and positions of influence are addressed. This event is a step towards addressing this.鈥�

The one-day WIP Conference will address how women in the procurement space can accelerate their journey to value, by better harnessing networks, intelligence and the experience of those at the forefront. 鈥淥ur speakers鈥� journeys, thoughts and learnings will deploy delegates towards success, understanding and intentionality in their careers鈥�, she explains. Khutsoane is also the founder and CEO of Procurementor,a company that equips institutions听and individuals with the knowledge, skills, and tools necessary to increase organisational effectiveness.

The WIP Conference aims to:

• Introduce a targeted mentorship and coaching programme for procurement professionals;
• Increase awareness of opportunities for women empowerment and funding;
• Expand networks to enable collaboration with other experts; and,
• Provide a platform for women in procurement to network and collaborate on various business opportunities.

The draft Programme includes:

• Keynote address: Mpho Matsitse – Head of Industry and Value Advisory: 麻豆原创 Africa
• Fireside Chat: MJ Schoemaker (麻豆原创ICS President)听and Allison Anthony (Senior Lecturer of Public Procurement Law:听 UNISA)
• Master Class: Dawn Smith 鈥� Head of Training: Caliba Group
• 麻豆原创ures in procurement: Mmatshepo Rasebopye – Director for Supply Chain Management; Gauteng Provincial Government

The hybrid event takes place on 23 March at Times Square in Pretoria and online. To register, go to听. Tickets can be purchased on Quicket –

The event is being supported by the Black Management Forum (BMF), the Chartered Institute of Logistics and Transport: South Africa (CILTSA) and CVLC Communication. For details of sponsorship opportunities, email Mookho at听mookho@procurementor.co.za

鈥淭he WIP Conference is committed to pursuing gender quality and promoting women鈥檚 voices, access to opportunities and leadership in procurement,鈥� concludes Khutsoane.

The post Procurement Trends under the Spotlight at the Women in Procurement Conference 2023 appeared first on 麻豆原创 Africa News Center.

Mpho Matsitse is the Head of Industry and Value Advisory at 麻豆原创 Africa.

In his role, Matsitse leads a team of highly talented industry and value advisors across the 麻豆原创 Africa region.

This high-performing team acts as trusted advisors to 麻豆原创 Africa鈥檚 customers by offering a value-based engagement approach that helps customers advance their adoption of leading 麻豆原创 technologies to unlock new business value.

Matsitse aims to use his ability as a business strategist to enable the successful growth of transformative organisations actively enacting positive change.

In this What鈥檚 Next interview, Matsitse explains what value management is and where the concept comes from.

He also unpacks why value management is a necessity for any organisation investing in technology.

Matsitse then discusses how businesses can engage with 麻豆原创鈥檚 value advisory services to help drive business transformation and achieve successful outcomes.

He motivates why businesses should use 麻豆原创鈥檚 value advisory services over those of its competitors and concludes by providing advice to those considering adopting a value management approach to business.

The full interview with Mpho Matsitse can be viewed below.

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The post What鈥檚 Next 鈥� 麻豆原创鈥檚 Mpho Matsitse on the Importance of Value Management appeared first on 麻豆原创 Africa News Center.

The pandemic and growing relevance of 4IR technologies continues to drive greater digitalisation across industries. According to Gartner, 64% of organisations are accelerating their digital investments in 2022.

Global spending on digital transformation is expected , with the global cloud computing market estimated to reach $474 billion in 2022, an increase of over 16% from $408 billion in 2021.

However, . Among the contributing factors for the high failure rate is a lack of a compelling business event for change within the organisation, unrealistic expectations when it comes to delivery timelines, and insufficient investment in value management, according to McKinsey.

In fact, in another study conducted by McKinsey, where 5400 IT projects were researched, it was found that on average, large IT projects run 45% over budget and 7% over time, while delivering 56% less value than predicted 鈥� the famous 鈥淩OI鈥�.

When digital transformation succeeds, it can revolutionise businesses and entire industries. found that successful digital transformation projects created 66% more value and improved corporate capabilities by 82%. One in every two companies are also expected to generate more than 40% of their revenue from digital products and services in 2022, compared to one in three companies in 2020.

However, when a digital transformation project fails to deliver the requisite business value, it can lead to abandoned digital initiatives, lost opportunities, organisational underperformance and a lack of agility to deal with emerging threats and opportunities, not to mention a despondent workforce that is opposed to change because they do not believe in its value.

Unlocking quantitative, qualitative business transformation outcomes

How can organisations improve the outcomes of their business transformation efforts?

Value advisory services provide the strategic tools for tech and business leaders to help drive digital transformation projects to successful outcomes. These services leverage methodologies that align business and IT onto one compelling event for transformation.

Value advisory services quantify the value to be gained through outcomes such as revenue uplift, cost reduction, risk mitigation, and general business performance improvement. It aligns business transformation activities to a clear roadmap that prioritises quick time-to-value and clearly quantifies the net present value (NPV) to be gained from such activities.

Using a set of tools and processes to evaluate important business strategy objectives and their associated processes, value advisors can help assess where and how new technologies can unlock hidden business value. Leveraging value advisory services can help turn business opportunities and challenges into building blocks for successful, sustainable intelligent enterprises.

This can cover the entire business transformation and innovation lifecycle, from strategy to value assessment, enterprise architecture, change management and determining which solutions are best suited to enable the desired business outcomes.

听A blueprint for value advisory success

How best can organisations engage value advisory services to help drive business transformation to successful outcomes?

Firstly, value advisors spend the time understanding the problem statement or compelling event for change in relation to the broader strategic business imperative to be attained, key industry trends to be considered and a competitive analysis of market share in the said industry of the customer.

Value advisors work with customers to map out a collaborative approach that jointly identifies business areas with the greatest potential for digital transformation. The engagement process is documented in a vision-to-value approach that considers which areas of the business holds the most promise for value generation, and provides guidance on the quickest way to unlock that value bearing in mind aspects such as cost analyses, benefits, and risks associated with business transformation.

Industry Value Advisors can also help co-design the IT strategy and define the associated governance requirements to ensure adequate adoption throughout the organisation. In line with best practice, a Customer Centre of Excellence is usually developed during this phase to ensure IT service excellence throughout the transformation project. With this in place, advisory services help secure the success of the business transformation project through strategic guidance, program management and quality reviews.

Finally, with any business transformation initiative, change management is essential. And yet ; half are outright failures. Value advisory as a discipline can bring about vital insights to the change management processes to help lower employee resistance to change, and accelerate the adoption of the new business capabilities to be unlocked during the business transformation process.

In closing, organisations can future-proof their operations through systematic, structured innovation that continuously explores the potential value of new technologies on the organisation’s business model.

The outcome of this project is digitalisation that delivers to the business鈥� needs, empowers employees with new tools and capabilities, standardises key business processes in line with global or industry best practices, and helps sustain the benefits of digital transformation while moving the organisations closer to the ideal of an intelligent enterprise.

And in light of ongoing budgetary pressures, business and IT leaders across Africa will also be encouraged to know that value advisory services are offered free of charge to any customer wishing to do business with 麻豆原创.

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