- Uncategorized
- March 2, 2023
- Industrial giants in Middle East and Africa mainly industries such as Energy, Power plants, Smelters, Oil, Gas and Petro-chemical refineries shall understand that Procurement has become Crucial department as 80% of their organization spend goes through Purchasing General material and Raw materials.
- Procurement goes with V-E-D, Vital essential and desirable items and procuring from their current suppliers and OEMs at the best competitive price to enhance their plant operation and augment business performance.
- Procurement has become a catalyst of change during the pandemic when the entire supply chain globally was disrupted and post covid prices have skyrocketed in 2021-2022 with lack of supplies for some crucial commodities.
- Procurement is now not merely Procurement-To-Pay by connecting with suppliers regarding competitive bids and attain fixed term contracts that fairly based on price. We must think out of box and be resilient with change, by aiming substantial cost reductions, accelerating alternate supplier development from Low-cost countries (LCC) like India, China and Taiwan without comprising quality, safety with zero re-work.
- Today’s industries in UAE and Middle East are focussing on TCO-Total cost of ownership when evaluating their suppliers and automating their Category spend and using state of art Market analytics to help them negotiate better with their suppliers and also implementing Category management high value Category spend and achieving demanding performance by improving the entire supply chain by CREATING VALUE.
