«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.
Follow the economic statement via Google News
These were the details of the news Accelerate the pace of procurement in the “Dubai Investment” – the... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.