AWARDS REVIEW
THE PROCUREMENT TRANSFORMATION AWARD
The Procurement Transformation Award recognised those driving strategic value , enhancing procurement capabilities , demonstrating innovation and effectively collaborating with suppliers and stakeholders . The award honoured exceptional companies that are driving procurement transformation and elevating their procurement practices .
THE WINNER : EMIRATES NBD
Emirates NBD , a leading financial institution in the GCC region , has undergone a remarkable procurement transformation as part of its expansion into Saudi Arabia .
This strategic overhaul , spearheaded by Nita Nair , has repositioned procurement from a tactical processing unit to a strategic powerhouse , driving significant value for the organisation .
The transformation journey faced unique challenges , including cultural nuances , regulatory alignment and the disruptions of the COVID-19 pandemic .
Despite these hurdles , the procurement team achieved impressive results , including a 15 % reduction in baseline spend over two years and a streamlined procurement cycle , with purchase orders now issued within three business days .
SHORTLISTED COMPANIES
• Pluxee
• EMIRATES NBD KSA
• Infosys Limited
• NHS Supply Chain
• Philip Morris International
HIGHLY COMMENDED
• NHS Supply Chain
• Infosys
READ THE FULL STORY
118 October 2024