Extension agreement made as strategic procurement company demonstrates ongoing support to DP World's future goals and strategic decision making
Dubai, United Arab Emirates – Following a highly successful partnership, DP World has signed a five-year extended agreement with leading strategic procurement company BravoSolution / Tejari.
The deal was made following the existing five year relationship where Tejari supported DP World’s supplier relationship, tendering and contract management processes into a seamless, integrated online platform that can be accessed both locally and globally.
As a leading global trade enabler DP World recognized that innovative procurement technologies such as strategic procurement would allow it to stay at the forefront of the industry. It required a more streamlined and connected solution that reduces procurement time and costs across continents whilst offering transparency across the entire procurement process.
The new, five-year ‘Global Framework Agreement’ outlines the expansion and adoption of the BravoAdvantage solution beyond the initial use across DP World globally. Additionally, the solution will be leveraged for strategic decision making and management information allowing visibility, control and governance worldwide.
Tejari currently provides DP World with a procurement consultancy, the highest levels of data security and the roll out of BravoAdvantage Spend, Supplier Value Management (SVM), Sourcing and Contract Lifecycle Management (CLM) capabilities that have together transformed operations.
“We are delighted to be continuing to strengthen our journey with DP World to streamline their procurement operations and aid the company’s strategic decision making in meeting their future goals. As procurement practitioners, the length of the extended contract is a testament to the value-add, hands-on knowledge and expertise our team provides DP World,” said Dan Quinn, Senior Vice President at BravoSolution MENA / Tejari. “To date, we have been able to standardize their procurement approach and empower buyers to make intelligent and informed decisions, as well as increasing global spend under management.”
Iqbal Khoory, SVP Global Procurement at DP World added: “Through the implementation of Tejari’s web-based platform, we have been able to manage supplier risk better than ever before. At the same time, we have been able to improve online negotiation tactics that deliver savings in a transparent, fair and equitable manner. We are pleased to be extending our partnership and we are looking forward to further streamline processes with our suppliers.”
Tejari has led DP World’s adoption of technology procurement solutions across the world, and has successfully managed to save supplier on-boarding and pre-qualification process times as well as reduce procurement cycle times and costs for the buying team. BravoSolution / Tejari provides a market leading global strategic procurement platform that helps more than 650 companies and 100,000 purchasing professionals worldwide. For more information on BravoSolution / Tejari, please visit: http://mena.bravosolution.com/ or http://tejari.com/
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About Tejari
Tejari operates as an integral part of the BravoSolution network with an exclusive focus on the Middle East and North Africa. Its growing team composed of more than 70 professionals across Dubai and Abu Dhabi provide effective support to a rising portfolio of local clients as well as multi-national organizations operating in the region.
With its market leading global strategic procurement platform, 15+ years of practitioner experience, directly serving over 70 countries, Tejari as part of the BravoSolution group, helps more than 650 companies and 100,000 purchasing professionals worldwide unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation. Tejari’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform.
For more information about Tejari, please visit the website: www.tejari.com, or follow us through 'Twitter' @Tejari_UAE, in addition to our account in 'LinkedIn'.
About DP World
DP World[1] is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.
We have a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.
Our dedicated team of over 37,000 employees from 110 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.
Container handling is the company’s core business and generates more than three quarters of its revenue. In 2015, DP World handled 61.7 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 79.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.
Media contacts:
Megan Treacher-Evans
Four Communications
E: megan.treacher-evans@fourcommunications.com
T: +971 55 568 8905
© Press Release 2017
