The State Owned Enterprise Procurement Forum (SOEPF) and the Chartered Institute of Procurement and Supply (CIPS) have recently endorsed the second edition of Professor Douglas Boateng’s much anticipated Compendium of Supply Chain Management Terms. Made up of thousands of alphabetically arranged supply chain management terminologies, this compendium provides the first ever all-inclusive compilation of procurement and other aspects of supply chain management related information.
South African state owned entities procurement expenditure annually runs into hundreds of billions of USD dollar equivalent. The combined spend in some cases exceed the GDP of several countries in the rest of the continent. As part of its 2030 vision the government is now intensifying efforts to innovatively use the spend to support the country’s national development plan, industrialisation, job creation, SMME growth, and black industrialist initiatives.
Various public and private and public CEOs, Csuite executives and policy makers see an increased knowledge and understanding of the various aspects of supply chain management and in particular procurement as a critical factor in successfully realizing the long term driven socio-economic developmental goals.
Commenting on this need to improve supply chain management understanding in the country, SOEPF Chairman, Mr. Dennis Mlambo noted that since the forum – which operates as the largest not-for-profit collective body of procurement practitioners in state owned enterprises on the continent– seeks to share best practices related to procurement and supply chain management, the compendium offers their members a useful tool through which such practices can be shared.
He further stated that “the 2nd edition of the world’s 1st supply chain management compendium will without a doubt bridge the gap in current supply chain related understandings.”
Moreover, he insisted that “not only will the compendium assist in creating a common understanding of supply chain management at a local, regional, and international, level, but it will also help to support state owned enterprises and various government departments in their service delivery improvement efforts.”
CIPS, the world’s largest professional body representing procurement and supply chain professionals, has also expressed its endorsement of the compendium. In relation to this support, Managing Director, Mr. Andre Coetzee, highlighted the growing strategic implications of procurement and supply chain management for both business and society.
He noted that the compendium offers practitioners “the most comprehensive vocabularies associated with supply chain management to date.” It is a “must have tool for those interested in using supply chain management as an instrument for competitive advantage, improving service delivery quality, and national and regional wide development,” he said.
Commenting on the compendium and its related endorsers, Professor Douglas Boateng, Africa’s first Professor Extraordinaire in Supply and Value Chain Management, and compiler of the recently released second edition, stated: “while the first edition proved to be an invaluable reference guide for local, regional and international CEO’s, CFO’s, CIO’s, accountants, policy makers, project directors/managers, engineers, lawyers, procurers, logisticians, exporters, and marketers, to name but few, the second edition has been comprehensively updated to satisfy global user demands.”
“SOEPF and CIPS, as well as other backers including the United Nations World Food Program, ACSA, and the Association of African Business Schools have all been instrumental in making this update happen,” he said.
As part of the Executive Insight Series, the Compendium of Supply Chain Management Terms, is currently available from CIPS, SOEPF and leading book stores. Some proceeds from the publication will be used to support skills development and supply chain management research initiatives.
For more information please contact:
Professor Douglas Boateng
Telephone: +27 (0)11 469 3860
For more information on Professor Boateng and the Executive Insights series please visit the PanAvest website.
For more information on SOEPF please visit their website.
For more information on CIPS please visit our homepage.
The Chartered Institute of Procurement & Supply is the world’s largest procurement and supply professional organization. It is the worldwide centre of excellence on procurement and supply management issues. CIPS has a global community of 115,000 spread across 150 different countries, including senior business people, high-ranking civil servants and leading academics. The activities of procurement and supply chain professionals have a major impact on the profitability and efficiency of all types of organization and CIPS offers corporate solutions packages to improve business profitability.