Procurement power
MIDDLE EAST
Procurement power
With one of the biggest brand names in the region ’ s banking industry , Emirates NBD has significant buying power and presence within the UAE . To this effect , the bank continually focuses on providing an advantageous space for employees and customers through leasing management , fit outs and design . Albastaki sits on multiple steering committees , which incorporates the visibility and budget of new branches , alongside ones which need refurbishing and remodeling . All of this is allocated before the end of the year , with the aim to provide focus for the year ahead . It also ensures that all buildings under Emirates NBD are designed in alignment with the rules and regulations of the country , and that they are designed smartly to ensure collaboration with multiple teams . Albastaki comments : “ Through negotiation and research , we find the best spaces , working with consultants and contractors to provide this in the best way possible , but at the same time , providing the best value for money , alongside the use of ISO certified and environment friendly materials .”
With approximately AED 3 billion invested in purchasing operations , Emirates NBD utilises procurement software Zycus to successfully undertake strategic sourcing , at which Albastaki is behind every purchase . Both requirements and budgeting is finalised at executive level , which is then cascaded down and allocated , enabling all teams to understand their forecast , build the required resources and allocate them accordingly in alignment with the number of projects planned . “ We collaborate and sit together to plan all of the projects realistically , so we are able to hand it over due to the required time ,” comments Albastaki . This has enabled the bank to achieve no delays in any given project , with products and services delivered on time and on schedule . Albastaki continues : “ This highlights that we have strong teams in both Procurement and Realty Services in addition to the outstanding suppliers and service providers that led us to build strong stakeholders trust .”
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