«Dubai Investments» signed an agreement with «C1 India» to accelerate the pace of completion of procurement operations in its companies, through 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 Down Town Investment Management Company, and Muhammad Al Ali, General Manager of “Downtown” Investment Management Company, Brandon Joseph, Senior Vice President of Down Town, an investment management company.
Dubai Investments developed plans to launch the first phase of implementation with its subsidiary Emirates Flat Glass Company. The company benefited from updating its procurement system, improving process flow management, in addition to tracking supplier performance, which would contribute to reducing data management problems.
Dubai Investments takes an innovative approach to implementing digital procurement transformation services to benefit from the power of digital technologies and push for the transformation of procurement processes, which will lead to cost improvement, support risk management to improve performance, and mitigate risks associated with procurement operations.
Khalid bin Kalban said: “Thanks to the tremendous potential of digital applications, the effective procurement solutions currently available have contributed to a fundamental transformation in the procurement processes of enterprises. It also brought significant benefits to companies. We were looking for an automated central purchasing system to be implemented in the supply cycles of Dubai Investments companies, while ensuring better mobility, higher stability and improved performance. After evaluating the options, it was found that the procurement solution from “C1” is the most appropriate to meet the diverse needs of the company’s activities. We plan to expand its application and implementation across various businesses, leveraging process automation, leading to comprehensive transactional transparency.
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