SupplyChain Magazine July 2019 | Page 119

CLICK TO WATCH : ‘ WHY CHOOSE LAU ’ 119 partnerships with industry leaders and other sponsors as well as increasing students ’ educational and training opportunities while opening up research collaboration options for faculty members . LAU operates with an ambitious roadmap , aiming to position itself as the leading regional institution of higher learning across the Middle East and North Africa region . Feghali points to the impact his organisation has had on Lebanon ’ s education sector overall . “ A 2017 study showed that LAU contributed $ 897mn into the country ’ s economy for the fiscal year 2015-2016 ,”
he explains . “ Now , having undergone a rigorous procurement policy and well-designed procurement procedures , as well as the integrity and the exemplary work ethic of its procurement staff , have all enabled a significant contribution . Our reputation has accelerated as an equal opportunity buyer that treats all bidders for supply contracts fairly and equally throughout the years .”
With procurement vital to the growth of companies worldwide , Feghali observes how procurement has become an important strategic function that stands at the forefront of operations .
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