Adding Enterprise Value with Better Procurement Practices in the Middle East
Procurement practices in the Middle East have been evolving rapidly. The changing macroeconomic factors have led the organizations to look at procurement department not just for traditional cost savings but also to add value to the overall company. From adopting digitalization to increasingly taking interest in evolving technologies like Blockchain, AI, RPA, etc. the organizations in the Middle East are witnessing it all. The majority of organizations in some form or another have embarked on making their procurement processes digital. This is evidenced by the increasing number of e-procurement solution providers making their presence felt in the region.
Some of them may go for acquiring a specific e-procurement module for driving efficiency in the chosen areas e.g. Vendor Master Data management, Contracts Management, etc. rather than a complete end to end solution. Selecting a complete Source-to-Suite still remains a challenging process as it depends on various factors such as Word-of-Mouth and RFX response.
So how organizations in the Middle East are making sure that they are on the right path while it comes to procurement transformation? Tune in to our latest podcast ‘Adding Enterprise Value with Better Procurement Practices in the Middle East’ by Mr. Lalit Dhamija to know –
- Current Procurement Practices Being Followed in the Middle East
- Impact of New Economic Norms on Procurement Function
- Centralized Vs Decentralized Procurement
- Procurement Digitization Roadmap by Organizations in the Middle East
- Role of Supplier Management in Achieving Strategic Alignment
- Importance of Having a Complete Source–to-Pay Suite of Solutions
About Author –
Mr Lalit Dhamija is a fellow of the Chartered Institute of Procurement and Supply (CIPS). He is an experienced supply chain practitioner in Oil and Gas industry with over 38 years’ of experience. He is also an executive Chairman of CIPS UAE Branch Committees and regularly contributes to the procurement body of knowledge through active participation in events, seminars, and conferences. Lalit previously worked for Abu Dhabi National Oil Company (ADNOC) group as a ‘Procedure and Process Assurance Manager’ for 28 years till the end of 2017. He is currently active as a corporate procurement and supply chain trainer and consultant and travels globally for training and coaching C-Suite executives of MNCs. For more information visit his website – www.lalitdhamija.com