Dubai – MENA Herald: Economic Zones World (EZW), Dubai’s flagship Trade, Logistics and Industrial hub operator has launched an e-procurement platform in association with Tejari, the leading strategic procurement company.
The system aims to 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 system offers 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.