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AECI and Enterprise Development
Posted by Daniel Makhura on 6 October 2017 4:35 AM SAST
More information about the above
A Group Strategic Sourcing Department has been established at Head Office level to manage Group-wide initiatives relating to Enterprise Development (“ED”) as well as Supplier Development (“SD”) programmes. AECI is committed to growing the small and micro enterprise sector in line with the principles set out in the Amended Codes. The Group’s initiatives will contribute to South Africa’s broader localisation efforts and increase competitiveness in the specialised supply chain that is characteristic of the chemicals industry.
AECI has collaborated with other companies, chemical industry bodies and small business development experts to assess gaps in its own supply chain and that of the chemicals industry as a whole. The outcomes of these engagements will guide the formulation of the Group’s ESD strategy. The overriding objectives are assisting and accelerating the development, sustainability and financial independence of identified beneficiaries.
In SD, the focus is on increasing supplier diversity, competition and the local manufacture of products in the Group’s supply chain. In ED, the key is support for a pipeline of contenders in the chemicals sector who have the potential to make a positive impact on the Group’s supplier and/or customer base.
