TIME: 14:00 - 14:50
LOCATION:

South African businesses spend millions developing SMEs, yet many of those suppliers still struggle to secure meaningful procurement opportunities from the organisations investing in them. Where is the disconnect, and what is it costing the business? Drawing on new industry research, Aurik co-founder Carien Engelbrecht explores the divide between supplier development and procurement, and why CFOs should be paying attention. This session examines how budgets can be deployed more effectively, what prevents capable SMEs from entering corporate supply chains, and how finance can help turn supplier development from a compliance or development exercise into sustainable commercial value.