New Straits Times
TM, Tenderin collaborate to digitalise procurement process
KUALA LUMPUR: Telekom Malaysia Bhd (TM) and Tenderin Sdn Bhd are collaborating to set up Lapasar, one of TM’s “Go Digital” initiatives to digitalise its procurement process.
Lapasar, an online business-tobusiness (B2B) procurement platform developed by local start-up company Tenderin, allows TM to purchase general office supplies for its business operations.
TM said yesterday Lapasar offered a comprehensive e-procurement and on-the-app platform with real-time price comparison, including the “shoppingcart and checkout” functions commonly used in business-tocustomer marketplaces.
Lapasar provides TM with digital procurement capability, which complies with its corporate governance while increasing efficiency and convenience of its procurement operations within a controlled environment.
TM’s acting chief executive officer Datuk Bazlan Osman said the collaboration demonstrated TM’s openness and willingness to support technology start-ups like Tenderin by teaming up to test and refine digital solutions and innovations.
“By using Lapasar, we have reduced the cycle time for procureto-pay and delivery processes by 80 per cent and eliminated the manual purchase order issuance and approval. Purchasing supplies online at cheaper prices has also resulted in noticeable cost savings,” he said.
He said the move was in line with TM’s Performance Improvement Programme 2018 to improve the company’s cash flow and increase productivity.