WHAT VALUE DO YOUR ENTERPRISE AND SUPPLIER CONTRIBUTIONS HAVE? Most entities leave Enterprise and Supplier Development contributions until the last minute. The finance manager provides the transformation officer with the NPAT targets and they have to run with it. As a result, they likely haven’t put much thought into the benefits of these contributions. Hence, the question arises, what benefit …
What constitutes as Enterprise and Supplier Development contributions?
What constitutes ESD Contributions? According to the Codes of Good Practice, Enterprise and Supplier Development contributions are monetary or non-monetary contributions carried out to beneficiaries, with the objective of contributing to the development, sustainability and financial and operational independence of those beneficiaries. So why is this so important? SME’s have the potential to make a real difference to the economy. According …
Measuring Business Development Support (BDS) Provider Performance
The second Catalyst for Growth (C4G) report was released at the J.P. Morgan offices on Monday evening the 12th of June. The report provides an analysis of the performance of Business Development Support (BDS) providers across South Africa. Currently BDS providers submit their results to this platform voluntarily and all data that is captured is done so anonymously. At the …
Conscious Courtship Relationship for Enterprises
Enterprise and Supplier Development Relationship Enterprise and Supplier Development in South Africa has two polar extremes. On the one end of the spectrum are supply chain practitioners and end users who want better results from incoming suppliers than those delivered by the current suppliers. On the other end of the spectrum are development practitioners who are assisting individual entrepreneurs that are competing …
The Difference Between Enterprise and Supplier Development
Many companies in South Africa are grappling with the question about what the difference between Enterprise Development and Supplier Development (ESD) is. Has anything changed? Is the only difference really in when the development is applied, pre and post transaction? Enterprise Development companies that have competed in the 3% NPAT space before are arguing that nothing has changed and that …
ESD Value Chain Development for Entrepreneurs
Enterprise and Supplier Development can be defined as the development of sustainable small and medium black owned businesses in a companies value chain. In order to understand ESD (Enterprise and Supplier Development) you need to understand the linkages between Enterprise Development, Supplier Development and Preferential Procurement. This article considers some of the background to these linkages and why the BBBEE …