Dubai, October 12th, WAM – Dubai Investments Company has signed an agreement with “C1 India” to accelerate the completion of procurement processes in its companies across its various business sectors.
The signing ceremony was attended by Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, Suresh Nanda, Chairman of the Board of Directors of “C1 India” and the Downtown Investment Management Company Ltd., Mohammed Al Ali, General Manager of Downtown Investment Management Ltd., Brandon Joseph, Senior Vice President. President of Down Town Investment Management Ltd.
Dubai Investments developed the necessary plans to launch the first phase of implementation with its subsidiary Emirates Flat Glass Company, which specializes in manufacturing glass that is used in the construction and automotive sector, as the company has benefited from modernizing its procurement system and improving process management in addition to tracking the performance of suppliers in a way that contributes to the limit. Data management problems.
Dubai Investments takes an innovative approach to implementing digital procurement transformation services by leveraging the power of digital technologies and working to drive the transformation in procurement processes, which will inevitably lead to cost improvement and support risk management to improve performance and mitigate risks associated with procurement operations.
Khalid bin Kalban said: “Thanks to the tremendous potential provided by digital applications, the effective procurement solutions currently available have contributed to a fundamental transformation in the procurement process of enterprises, and also brought great benefits to companies.
We have been looking for an automated central purchasing system to be applied in the supply cycles of Dubai Investments companies while ensuring better mobility, higher stability and improved performance. After evaluating the various options, it became clear to us that the procurement solution from C1 is the most appropriate to meet the various needs of the company’s activities. We plan to expand its application and implementation across various businesses and take advantage of process automation, leading to comprehensive transparency of all transactions in the procurement cycle. ”
By making use of exceptional third-party verifications, employing forward thinking and using the creative approach aimed at providing excellent transparency, insights and deep recommendations, Dubai Investments will benefit from the best practices included in this solution while ensuring advanced knowledge in this area in addition to the company’s experience and proven technologies, especially And that the solution depends on innovation to simplify procurement mechanisms and processes.
For his part, Sanjay Puri, CEO of C1 India, said: “We at C1 reaffirm our commitment to ensuring long-term value based on trust, transparency and integrity. We are delighted that Dubai Investments has joined us and we will continue to support it to ensure its continued success. We also look forward to establishing a wonderful professional relationship with it. ”
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