B&FT to champion supply chain management awareness creation

supply chain management awareness
  • to deepen conversations among journalists and within media industry

Africa’s provider of business information, the Business and Financial Times (B&FT), will be championing a supply chain management awareness campaign within the media fraternity and across the country.

Focused on growing supply chain knowledge in the business and student community, the Business and Financial Times seeks to expand awareness of the impact that supply chain management has on economic development, industrialisation and job creation in Ghana.

To complement the initiative, the Knowledge Development Alliance donated supply chain management reference guide, ‘The Executive Insight Series: Compendium of Supply Chain Management Terms’ to all journalists of the Business and Financial Times.

The Knowledge Development Alliance is a first of its kind development partnership between the Ghana National Library, the National Lottery Authority, and PanAvest International and Partners which is focused on creating national awareness of the importance of industrialisation and supply chain management, and their link to job creation, economic growth and development.

Commenting on the donation, Dr. Godwin Acquaye, CEO of B&FT, said: “It is an accepted fact that the adoption of supply chain management can help reduce value chain waste, and improve organisational and industrial competitiveness. It is therefore important that the media industry, and journalists in particular, are knowledgeable about the concept”.

The compendium offers an all-inclusive guide to the terminology, abbreviations, metrics and statistics related to procurement, logistics and other areas of supply chain management. “Not only will the compendium help the journalists to understand the various terms associated with the proven concept, but it will also help them to inform and educate the public,” Dr. Acquaye added.

Professor Douglas Boateng, CEO of PanAvest International and Partners and compiler of the compendium, noted the growing need for supply chain knowledge development in the country.

“The Ghana we all desire is dependent on supply chain management thinking. Without it, we are going nowhere, hence, the unrelenting knowledge development campaign. We owe it to the future generations to use supply chain thinking to wean our beloved Ghana off aid and dependence on the International Monetary Fund (IMF),” he said.

‘The Executive Insight Series: Compendium of Supply Chain Management Terms’ remains the only all-inclusive supply chain reference guide in the world, and is the first of its kind to be independently assessed and approved by a national curriculum body, the National Council for Curriculum and Assessment (NaCCA).

Hayford Siaw, the Chief Executive Officer of the Ghana Library Authority, confirmed the need for a greater focus on supply chain management thinking in both the public and private sector. “We, at Ghana Library Authority, are already adapting supply chain management thinking to help improve service delivery quality. We are already seeing some quantifiable improvements, and encourage government, public and private sector organisations to encourage their human capital to abreast themselves with the proven concept,” he said.

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