MANAMA: Bahrain is poised to make a major leap in its digital transformation in the coming years, as it embraces the latest generation of smart procurement systems, commonly referred to as Procurement 4.0, HE Bassim Bin Yacob Al Hamer the Kingdom’s Minister of Housing and Tender Board’s Chairman, told the Conference audience on Wednesday.
“Connected networks enable us to not only gather information but to draw meaningful insights from vast quantities of seemingly unrelated data,” he said. “As such, the role of procurement leaders is changing. As their day-to-day tasks are taken over by cloud-based applications, they can focus on strategic priorities, such as strengthening supply chain resilience, safeguarding their brands from third-party risk, and cultivating new sources of innovation.”
“Over the years, Bahrain has developed a world-class regulatory environment that ensures excellence and competitiveness in all government tendering and purchasing practices, which in turn, has significantly boosted global investor confidence in the Kingdom, facilitated private sector growth, and positioned us as a business-friendly destination. At the Tender Board, we are focused on making business in Bahrain easier and more efficient, supporting the Kingdom’s Vision 2030 objectives towards economic sustainability and diversification,” Al Hamer, said, in his keynote speech at the 3rd edition of the Procurement Middle East 2019 conference and exhibition.
The three-day event is supported by the Tender Board and held under patronage of HE the Minister. The conference, which is focused this year on digitalisation, features over 20 high-profile speakers, a workshop on VAT and its impact on the industry, and an exhibition showcasing procurement chain automation solutions.
“This is a landmark year for us as the Tender Board celebrates 15 years of serving the Kingdom of Bahrain. As the government’s procurement partner and an independent regulator of government procurement practices, we are privy to a vast amount of data about economic activity in the country. Digitalisation is what makes it possible for us to mine this data for useful information, helping us identify pinch points, anticipate future procurement needs, and ensure the best use of public resources. As such, we are pleased to support this conference and engage in this discussion on such an important and relevant topic,” Dr. Mohamed Bahzad, Tender Board Secretary General, who also spoke at the event, said.
On Tuesday the participants witnessed the launch of the Procurement Middle East Industry Recognition Awards, which celebrated achievements in the procurement sector in the region with a glittering awards ceremony.
The Procurement Team Award was clinched by the Municipality and Planning Department of Ajman Municipality, while the Procurement Risk Management Award went to Bahrain-based Gulf Petrochemical Industries Company (GPIC). Jaggaer, a provider of cloud-based business automation solutions, walked away with the Most Innovative Technology Award. The Department of Culture and Tourism Abu Dhabi received the ‘We’ve Got the Talent Award’, which recognises organizations that actively nurture and retain procurement talent.
“Digital technologies have been responsible for the biggest changes to procurement and supplier management in recent years, allowing for increased transparency and rapid response times. This empowers companies to make more informed risk assessments. GPIC is honoured to be recognised for its procurement risk strategies which have allowed us to build a robust and sustainable supply chain to support our growth objectives,” Ahmed Al Arabi GPIC Procurement and Warehousing Manager said.
