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Konga Urges Firms to Embrace Digital Procurement, Says its key to Corporate Survival

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Konga Research Unit, a research and strategic business development unit of e-commerce giants, Konga has urged organisations to embrace digital procurement strategies in order to save cost and improve their margins.

This according to the report released by the Research and Strategic Business Development Unit will go a long way in helping companies navigate the current harsh business climate and position them for survival and subsequent viability.

 

The report also revealed that companies operating in the Third World must embrace modern procurement dynamics to save time and money.

 

Furthermore, Konga affirmed that the slow pace associated with the procurement process in Nigeria requires creative strategies to ensure that spiraling costs/losses are minimized.

 

According to the report, “It takes an average of two weeks for an SME to buy a simple Toner cartridge for a laser or Ink jet printer.

 

“Likewise, it takes multinationals over four weeks from the time of request for quotes from vendors through the process of selection, issuance of Local Purchase Order(LPO) until time of final supply by the vendor.

 

“This is even in cases where the SME or multinational is lucky to select a quality vendor.”

 

Additionally, the Konga research report affirmed that procuring companies end up with fake products at exorbitant prices as a result of the failure to embrace cutting-edge, digital procurement practices.

 

“Even with these transparent and competing procurement processes, best prices and genuine products are not guaranteed. Therefore, why go through these processes and end up losing money?”

 

Subsequently, Konga has challenged small business owners, SMEs, corporate organisations, multinationals and agencies in the public sector to upgrade to the global best practices in their procurement processes.

 

“In this era of thinning profits, companies should embrace digital procurement strategy.

 

In other words, procurement has left the analogue stage and gone online.

 

“Online procurement is the way to survive as competition in the Third World gets more intense.

“Aligned to this is the cost of fund which continues to go higher and vendors have no choice but to incorporate these in final cost to the consumer.”

 

The well-researched report further advised firms to shop smartly and save money by shopping through reliable E-commerce platforms such asKonga.com which hosts a number of merchants.

 

In addition, the presence of competing merchants ensures the availability of price-sensitive genuine products who deliver reliably within hours, irrespective of the locations in the country.

 

“Today, with an improved digital payment system in Nigeria, SMEs and big firms can open e-wallets through which they can take advantage of stocked multiple warehouses nationwide and take delivery of their products same day or on the next, at the most.

 

“Konga has an example of such through Konga Pay, a secure Central bank of Nigeria-licensed payment platform.

 

“On Konga.com, prices are open, delivery costs are known as merchants compete to sell, thereby saving corporates a lot of money and time to focus on their core businesses. This also enhances transparency in the procurement process.

 

“Most successful companies and even families abroad have embraced this digital procurement process to buy smart, save money and time and increase profit.

 

“It is as simple as ABC. Before you buy, you can check prices on Konga.comand you will appreciate the savings.

 

“Also, Konga takes absolute responsibility for all products on its platform, no matter the quantity.

 

“Likewise, Konga has nationwide storage and delivery capacity to store products for firms who would order large quantities and take delivery gradually.

 

“And with robust technologies, partners can view their products in the warehouses, irrespective of the location of the warehouses in Nigeria.”

 

In conclusion, the report noted that a number of profitable companies in Nigeria have tested and already transitioned to the Konga corporate digital procurement platform. Benefits of the transition, described as unquantifiable, are expected to grow by over 65% by the year 2023.

 

 

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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New CAMON Device Set to Redefine Mobile Content Creation

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TECNO is gearing up to launch the next CAMON series device, which promises to be the next evolution in mobile photography.

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The CAMON lineup has always been known for its innovation in capturing and sharing cherished moments. Now, TECNO is taking it to the next level with a groundbreaking camera innovation that aims to redefine what’s possible.

For years, the CAMON series has been the driving force behind countless memorable shots, empowering users to unleash their creativity and capture the world in stunning detail. With the upcoming device, TECNO promises to exceed your expectations and deliver an unparalleled photography experience that’s second to none.

The new CAMON device will feature cutting-edge technology and unparalleled performance, setting a new standard for mobile photography and content creation. Imagine being ten steps ahead of the curve, armed with a device that empowers you to capture the perfect shot every time.

Stay updated on the latest news and announcements regarding the upcoming TECNO CAMON device by following TECNO on FacebookInstagram, and X(Twitter). Join TECNO on this exciting journey towards the future of mobile photography!


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Data Protection: NIMC’s Licensees to Face More Scrutiny

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Following the reported incident of unauthorized NIN verification by expressverify.com, investigation reveals that a third-party who, among others, was originally authorized to provide verification services to citizens and genuine businesses might have allowed expressverify.com to use its NIN verification credentials to conduct verification. The circumstances surrounding this permission is still under investigation.

 

To remedy this incident, National Identity Management Commission (NIMC), in line with established remediation protocols, barred all forms of access to its database.

Though necessary, barring all forms of access affected all genuine and crucial verification requests. After a painstaking review, limited access has been granted to few establishments that are providing pivotal public services such as education and security.

Ongoing investigation – by relevant agencies – seeks to establish the medium through which expressverify.com obtained the credentials of bona fide third parties and to determine the liability of persons involved in line with extant laws.

At the moment, data processing by licensees generally are to be scrutinized and only those that are cleared based on credible evidence of regulatory compliance will be permitted to carry out NIN verification going forward.

Furthermore, series of intensive trainings will be conducted in order to ensure that personnel and licensees are abreast of the duty of care and the standard of care mandated by the Nigeria Data Protection Act, NIMC’s Privacy Policy and other relevant regulatory protocols.

In the meantime, NDPC calls on members of the public to see NIN as an essential data for sustainable development. While existing technical and organizational measures are being strengthened to ensure the protection of this data, it is important for citizens to ensure that they are not left unidentified in various frameworks for development. It is equally important to be vigilant when sharing personal information on various online platforms.


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5 Common Backup Mistakes and How to Avoid Them

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Are you confident that your valuable data is protected from unexpected disasters or cyber threats? Consider this: 1 in 10 computers fall victim to viruses, and a staggering 113 phones are stolen every minute every day[1].

With data loss being a sudden and potentially irretrievable nightmare, ensuring reliable backups is non-negotiable. March 31st, celebrated as World Backup Day, is a poignant reminder of this essential task. Let’s delve into the common backup mistakes people make and how to steer clear of those.

1. Skipping regular backups:

The most common mistake is forgetting to back up data regularly. Whether personal files or crucial business documents, not establishing a consistent backup routine leaves you vulnerable to data loss.

Unexpected system crashes or malware attacks can happen anytime, making your precious data inaccessible or permanently lost. But you can help avoid such a situation by setting up automatic backups.

SSD Backup Mistakes to avoid
2. Putting all faith in a single backup device:

A device can get damaged or stolen, putting your backups at risk, so depending entirely on one storage medium is playing a dangerous game with your data’s safety.

 Instead, diversify your backup storage solutions with a combination of external HDDs, NAS, and cloud storage.

Portable HDDs like those from WD like Western Digital’s My Passport offer up to 5TB for simple, cost-effective backups. For smartphones, 2-in-1 flash drives such as SanDisk Ultra Dual Drive Go USB Type-C and SanDisk iXpand Flash Drive Luxe are convenient options.

These drives, compatible with USB Type-C devices, automatically back up photos, videos, and more. Just plug and play for seamless data transfer across devices.

If you need a device to store huge amounts of data, then the desktop drive called My Book  from WD is just the product for you, with up to 22TB of storage capacity.

SSD Backup Mistakes to avoid
storage device

3. Forgetting version control:

Overlooking version control during backups is another blunder. Not keeping multiple versions of files increases the chance of saving corrupted or wrong data over previous versions.

Without a proper versioning system, fixing mistakes or retrieving older versions can become a challenge. To prevent forgetting version control, establish a system that tracks changes to your files over time.

This ensures that you can always revert to earlier versions if needed, helping protect against accidental data loss or corruption.

Regularly maintaining this system will help you stay organized and prepared for any unforeseen issues.

Additionally, it’s crucial to verify the version you’re backing up to ensure it’s the correct one.

This simple step can help prevent accidental overwriting of important data with potentially corrupted or incorrect versions.

Double-checking ensures that you’re safeguarding the most up-to-date and accurate information, minimizing the risk of errors during backups.

SSD Backup Mistakes to avoid
4. Ignoring off-site backup solutions:

Many people overlook off-site backup solutions, assuming local backups are foolproof. However, relying solely on local backups makes you vulnerable to site-specific disasters like fires or theft.

Using off-site backups means keeping copies of your data in different places so that if something bad happens in one area, your data stays safe.

As an alternative, you could use cloud storage. Cloud backup devices are popular for remote data storage accessible via the internet. Various online cloud services offer features like file synchronization, sharing, and encryption for secure data storage.

5. Underestimating encryption:

Not prioritizing encryption in backups can be a costly mistake. Storing unencrypted backups makes your sensitive data vulnerable to unauthorized access or breaches.

Implementing strong encryption ensures even if your backups fall into the wrong hands, the data remains protected.

However, it is equally important to remember not to opt for out-of-the-box encryption solutions, as they might make it difficult for you to retrieve the backed-up information later.

My Passport HDD and My Book from WD come equipped with built-in 256-bit AES hardware encryption with password protection that helps keep content secure.

Additionally, maintaining proper key management practices is essential to ensure smooth decryption and access to your data when needed.

SSD Backup Mistakes to avoid
Monitor and storage device

This World Backup Day, Western Digital urges you to back up your data safely, and at the same time, prepare for the unexpected by having a contingency plan in place for device mishaps like crashes, theft, or damage.

Worrying about losing data isn’t something you have to lose sleep over if you have an active data backup strategy.

A common rule of thumb for keeping important data from disappearing forever is the 3-2-1 Rule. It dictates that you should:

3. Have THREE copies of your data. One is a primary backup and two are copies.

   2. Save copies of your backups on TWO different types of media or devices.

   1. ONE backup copy should be kept offsite in case of disaster.

Determine where and how you’ll store backup files and identify support contacts for swift assistance.

These proactive measures ensure quick data recovery and safeguard your cherished memories for the long haul.


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