Dubai Investments signs agreement with C1 India to achieve procurement excellence in businesses
DUBAI: Dubai Investments has announced the signing of an agreement with C1 India to accelerate the procurement progressions across the company’s diversified businesses.
The signing ceremony was attended by Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, Suresh Nanda, Chairman of C1 India and Downtown Investments Management, Mohamed Al Ali, General Manager and Brandon Joseph, Senior Vice President, Downtown Investments Management.
Dubai Investments plans to roll out the initial phase of the implementation with the company’s glass subsidiary Emirates Float Glass, EFG, specialising in the manufacturing of float glass in architectural and automotive applications. Dubai Investments opted C1’s solution, upgrading the company’s purchasing system, optimising workflow management, tracking supplier performance and reducing data governance issues.
The implementation of digital procurement transformation services is an innovative approach to harness the power of digital technologies to drive transformative processes in procurement.
“Driven by digital capabilities, efficient procurement solutions today have fundamentally transformed organisations’ procurement function and brought significant bottom-line benefits to companies. We were looking for an automated centralised procurement system for our sourcing cycles with better mobility, stability and improved performance. During the assessment, we found C1’s procurement solution the best fit for our various business needs. We plan to expand the scope of the implementation across various businesses and benefit from process automation and end-to-end transparency of all transactions in the procurement cycle,” said Bin Kalban.
“C1 is committed to long-term value creation based on trust, transparency and business integrity. We have spent two decades working in this space and providing vital procurement solutions for the government and leading private & public sector organisations across the globe. We’re delighted to have Dubai Investments on board with us and are committed to their continued success. We look forward to a great professional relationship,” said Sanjay Puri.