SupplyChain Magazine July 2017 | Page 58

TASNEE
commodities and is planned to be rolled out to more commodities and services down the road . The survey uses the same set of questions across all strategic suppliers of a particular commodity to gain a better understanding of the performance of certain suppliers ,” Al Suwaiti says .
“ It will create a full 360-degree view of the relationship between our company and our suppliers and we can engage with the suppliers and the business to drive improvement opportunities .” The company also works from an internal perspective applying a strict code-of-conduct on the way its employees engage with suppliers , providing a clearly defined set of ethics that ensure a fair , honest and transparent working relationship . To further streamline its relationship with the suppliers , the company has implemented a Vendor Invoice Management ( VIM ) system . This enables suppliers to submit invoices electronically , streamline the invoice processing and allow Tasnee to improve its on time payment performance overall .
Center of Excellence ( CoE ) It is not only through the Organisational Realignment and Supplier Management Framework that has allowed Tasnee to transform its procurement organisation and work with key suppliers . The company has also setup a Procurement CoE , a global effort that has complete responsibility over strategic initiatives , statistical benchmarking , performance analytics , KPIs , policy and
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