Professor Douglas Boateng, Chairman of the Public Procurement Authority (PPA) has launched a 2nd edition of the world’s first Compendium of Supply Chain Management Terms.
Titled ‘Executive Insights Series: Compendium of Supply Chain Management Terms’, the up-dated over-900-page book which doubles as a Supply Chain Management dictionary was re-launched in Accra in partnership with the University of South Africa.
In his speech, author of the book Professor Boateng noted that he was motivated to compile the compendium because he realised there was a general lack of understanding in supply chain management.
He said he believes there will be improvements in the country if Ghana understands the interconnectivity between various aspects of the value chain, having already witnessed the spectacular transformations of economies like South Korea, China, Singapore, South Africa and Rwanda.
“In Africa, what we’ve been doing is just buying not procuring and not strategically sourcing; hence, our dear old continent has become a dumping ground for fake, counterfeit products. If we do not change our mindset through supply chain thinking, how are we going to be able to create the much-needed jobs for the youth of today and tomorrow? It’s because of the lack of supply chain thinking. Now, it’s not just a Ghana problem or African problem; there is a general lack of understanding about supply chain management,” he added.
According to Professor Boateng, he spent a total seven and a half years on writing and publishing the first and second editions the book. He added: “Now I’ve travelled the world and realised that something had to be done about it, and so I took it upon myself to obviously come up with a dictionary. We’re all aware that doctors, lawyers, accountants, engineers all have their ‘bible’; in supply chain management we didn’t have one.
“So, I decided to develop one at my own cost. It took me 1,885 days or 5 years to develop the first compendium. The second one took me 912 days or two 2 and half years to come up with the second edition at my own cost. But for me I did it for a reason; if the world understands supply chain management it will a better place for the African child,” he added.
He noted even though Africa is surrounded by poverty, the continent is not poor. He said understanding Supply Chain Management will go a long way to improveing the African continent, because if the world understands it will improve all aspects of the African child including curbing unemployment.
Professor Boateng said the book transcends organisational boundaries, and has therefore made plans to give 275 free copies to all Members of Parliament and over 200 copies to all State Enterprises.
Reading a speech on behalf of the President of the Republic of Ghana, Nana Addo Dankwa Akuffo-Addo, Minister of State at the Presidency, Rockson Bukari said: “To reap the potential rewards from our resources, we need to innovatively apply Supply Chain Management principles to further improve the quality of government service delivery, as well as foster real local value chain mechanisation in support of industrialisation”.
He added that the terms, definitions and concepts of the book are not only important for understanding the role of Supply Chain Management in Ghana’s development, but also provides insights into how to potentially improve value chain efficiencies, achieve manufacturing and industrial competitiveness, and accelerate growth and development in various sectors of the economy.