The Problem We Face
South Africa sits with several corporate & small business challenges. To facilitate economic recovery & solve our unemployment rate, more jobs need to be created. This can be done by creating access to market opportunities in corporate supply chains for Small and Medium Sized Enterprises (SMEs), who in turn contribute up to 60% of all employment.
The Problems faced by Small Businesses
The Problems faced by Corporates
The future demands forward thinking and solutions to these challenges.
In the future the lines between compliance, commercial viability as well as stakeholder goals & objectives will become fully integrated. The future of BBBEE, ESD & Supply Chain solutions will need to be aligned & integrated with other compliance standards such as ESG and SDGs to sustainably deliver both shareholder & stakeholder value.
In 2018 we embarked on a client journey that required a similar brief.
Large multi-national FMCG company faced merger conditions penalties due to a lack of transformation particularly within their supply chain. Failure to address this would have led to financial penalties imposed on the business.
The Challenges Faced
The organization had less than 9% of their supply chain transformed & needed to move to 30% within 5 years or less. Furthermore, the merging of several operations left the business with no clear line of sight on where transformation opportunities existed.
Executives tasked senior management to develop a data-driven procurement transformation strategy that was integrated with ESD & the business goals.
How We Did It: The Top 5 Tasks Performed
01 | Executive Buy-in Sponsorship
Senior executives & business leaders must be bought into the process of transformation with linked KPI’s
02 | Integrated Procurement & ESD Strategy
Procurement & ESD strategies must be integrated with each other & aligned to business strategy
03 | Big Data Analytics
Strategies developed must be informed by data driven procurement analytics that combines procurement & transformation best practices
04 | Executive Buy-in Sponsorship
Internal transformation & procurement staff skillsets must be improved with capacity added where required
05 | Change Management & Implementation Plan
Organizational change management must take place with an organization wide target driven implementation plan put in place & executed on
As the definition of corporate value transitions along with the ever changing needs of the people, environment and communities in which we operate in, so should our approach to uncovering ground breaking solutions that Unlock Value & Create Opportunities by challenging the status quo.