- The event brought together key decision-makers from a host of industries
- Saudi Arabia developing more advanced procurement function to support Vision 2030 and massive infrastructure pipeline
Dubai: JAGGAER, the world’s largest independent spend management company, has underscored the importance of digital procurement transformation during the inaugural Digital Procurement KSA Virtual Confex, which took place on the 8th October.
The event addressed the challenges faced by procurement leaders in Saudi Arabia due to COVID-19 and how companies can minimise their economic impact, support communities, and create new opportunities as economies rebound. The event also highlighted the digitally-led steps required to support employees, maintain business continuity, and build for the future.
As a keynote speaker at the event, JAGGAER’s Amenallah Reghimi, Vice President of Product Management, presented the session, Leading and Enabling Digital Procurement Transformation. He discussed how procurement impacts business strategy, which leadership style helps lead digital procurement transformation, and the new and emerging technologies procurement professionals need to pay attention to.
“As part of Saudi Arabia’s drive to realise Vision 2030, we have seen the country focus on developing the Information and Communications Technology (ICT) Strategy 2023, and already several changes within key industry sector have been implemented,” said Reghimi.
“Saudi Arabia is well placed to adopt digital procurement at a more advanced level, which will help solve market problems and provide massive value to businesses. Now, more than ever is the time for organisations within Saudi Arabia to fully utilise digital procurement to increase profit margins exponentially and build a growing and loyal customer base,” he added.
The virtual event included a range of panel discussions, live Q&As, polls, and prearranged one-to-one meetings. Topics discussed during the day included ‘The impact of AI on the purchasing function during COVID-19’, 'Enterprise Resource Planning (ERP) Procurement Cloud,' 'Digital Procurement: Perspectives and Developments’ and ‘Managing the impact on procurement for resilience and growth.'
Reghimi, who is based in JAGGAER’s global HQ in Morrisville, North Carolina, has earned a plethora of accolades as a global thought leader, innovator, and influencer regarding digital procurement. Early this year, Thinkers360 honoured him with multiple titles, including 'No. 1 in COVID-19 Business Impact’, ‘No.1 in Open Innovations’, and ‘No.5 in Procurement’.
JAGGAER is the world’s largest independent spend management company, connecting customers to a network of 4 million suppliers in 70 countries, served by offices located in the Americas, APAC, Asia and EMEA.
JAGGAER offers complete SaaS-based Source-to-Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities all on a single platform, JAGGAER ONE. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and stakeholders in all industry sectors, public services and academia.
Additionally, JAGGAER integrates with most ERPs, can transact on one single platform or easily complement existing systems to drive more value and holds 37 patents – more than any other spend management provider.
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