Why is there a need for Lumus in the local and global market?
As companies become increasingly dependant on the services of their suppliers, it is crucial that these suppliers deliver high-quality performance. This serves as a strong competitive strength and, in the case of underperformance, can be a major business risk. The ability of a single organisation to assess and get involved in the development of a large base of suppliers is extremely limited. Lumus thus provides a comprehensive solution by acting as a shared service on behalf of the total buyer community. One of the underlying drivers of Lumus is the globalisation of the economy and the need for organisations to develop in line with global standards. In the first instance, buyers are exposed to an increasing number of unknown suppliers, without an objective mechanism to make informed trading decisions. Secondly, organisations, as part of an integrated supply chain, are increasingly competitive which means the supply chain, as a whole needs to develop successfully. Organisations need to
