15 November 2015
Dubai, United Arab Emirates: Economic Zones World (EZW)
, Dubai's flagship Trade, Logistics and Industrial hub operator has launchedan e-procurement platform in association with Tejari
, the leading strategic procurement company.
The system aimsto streamline the EZW's eProcurement, eTendering and Vendor Management processes by implementing the EZW 'BuyWorld' application.
Speaking about this milestone, Adel Bin Turkeya Chief Resources Officer,said, "EZW has always focused on maintaining transparency and optimizing resources and by adopting BuyWorld we are ensuring that procurement and tendering processes are transparent to its maximum. I'm confident that the quick processes the systemoffers will aid in enhanced time management of our procurement team and also help cost management through efficient procurement practices."
Richard Hogg, CEO of Tejari commented on the partnership saying "Tejari is proud to support Economic Zones World by offering our best technology, fully supported by our comprehensive professional services. Procurement has become a critical driver for global competitiveness and organizations such as EZW are able to modernize and boost procurement performance by leveraging innovative web-based technologies".
BuyWorld will also reduce costs for a leveraged spend that are typically in the region of 10-15 per cent, while savings can also be maximised across value and volume transactions. Enhanced compliance, control and data integrity improves governance and provides clear records for auditing, and defines new ways of working. The application delivers tangible efficiencies, simplifying the purchasing process, eliminating duplicate activities, and significantly shortening the evaluation cycle times.
The induction of the procurement system is in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, of transforming Dubai into a 'Smart City'. EZW has consistently implemented the best practices and the e-procurement system is another feather in the cap. It enables efficient interaction by EZW procurement team and vendors to ensure quality.
About Economic Zones World (EZW)
EZW is the global provider of sustainable industrial and logistics infrastructure solutions. EZW's current portfolio includes Jafza, TechnoPark and Dubai Auto Zone.
Jafza is Economic Zones World's flagship operation. It is the region's most efficient logistics hub and the only one in the world located between a top container terminal (Jebel Ali Port) and a top international airport (Al Maktoum International Airport), enabling the best in multi-modal connectivity. Jafza is a leading driver of Dubai's non-oil trade. In 2013 the Free Zone has generated trade worth about USD 90 billion.
TechnoPark is the company's dedicated initiative in the region's core economic sectors - Water, Health, Energy, Engineering and Logistics. It focuses on nurturing business ideas/new technologies in the above fields, which could be quickly translated into real-world industrial operations.
Dubai Auto Zone (DAZ) is a comprehensive market place for the Auto Industry catering to buyers, sellers, service providers, principals and traders.
About Jebel Ali Free Zone (Jafza)
Jebel Ali Free Zone (Jafza) is one of the world's leading free zones. It is the region's most efficient logistics hub and the only one in the world located between a top container terminal (Jebel Ali Port) and a top international airport (Al Maktoum International Airport), enabling the best in multi-modal connectivity. Jafza is a leading driver of Dubai's non-oil trade. In 2013 the Free Zone has generated trade worth about USD 90 billion.
As the leading business hub of the Middle East, it focuses on long term customer relationships and fosters alliances with global investors by providing them world class infrastructure duly supported with quality driven value added services and incentives, enabling them to avail huge business opportunities in the region, in the most efficient way.
Supply management executives are now, more than ever, under pressure to deliver additional savings, develop and manage strategic supplier relationships, accelerate procurement cycles, and maintain process excellence. Confronted with these diverse yet consistent challenges, CPOs and sourcing professionals must seek tailored solutions that deliver rapid ROI to their business.
Tejari is a jointly owned venture by BravoSolution and Istithmar World. The company operates as an integral part of the network of BravoSolution worldwide subsidiaries with an exclusive focus on the Middle East and North Africa. Its growing team of more than 50 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.
Tejari further strengthens BravoSolution's global leadership in supply management by creating a group that: serves more than 600 clients; supplies a proprietary software suite used by 60,000 procurement professionals in 60 countries; employs more than 600 professionals from 40 countries, speaking 42 languages; and operates 18 offices located in 12 countries across three continents.
www.jafza.ae | Follow @jafzadubai on Twitter, @jafzadubai on Instagram
For further queries please contact Mr Var Prasad Rao (Corporate Editor)
© Press Release 2015