The procurement team at Siam City Cement spends over $700m with more than 2,000 suppliers
The procurement team at Siam City Cement spends over $700m with more than 2,000 suppliers

Siam City Cement triumphs at CIPS Asia SM Awards

Will Green is news editor of Supply Management
19 July 2017

Siam City Cement (SCCC) has clinched the title of overall winner in the CIPS Asia Supply Management Awards.

The cream of the procurement profession gathered for a ceremony at the Amara Sanctuary in Singapore to celebrate the best of the best.

SCCC, who also picked up Best People Development Initiative and Most Innovative Use of Technology, spends over $700m each year with more than 2,000 suppliers.

The company, the second biggest cement firm in Thailand, began a three-year transformation programme in 2015 after an assessment in 2014 uncovered capability gaps in the procurement function.

A procurement academy was established to drive training and improvement and it has increased skills, reduced staff turnover and raised the profile of purchasing. The work has seen SCCC’s benefit saving rate increase from 2% in 2014 to 6.1% in 2016.

Meanwhile, the implementation of new ERP and sourcing systems helped it notch up benefits worth $2.6m in 2016 through e-auctions.

In 2017 SCCC completed acquisitions of cement businesses in Thailand, Bangladesh and the fast-growing markets of Sri Lanka and South Vietnam, which command leading positions in their respective markets.

SCCC said the total cost of the acquisitions was around 33bn baht and would make the company one of the leading regional cement players in South East Asian emerging markets.

The company’s total cement capacity was set to increase from 14.8m tonnes to 26.5m tonnes as a result of the acquisitions.

The awards ceremony formed part of the ProcureCon Asia conference.

 

The winners 

Best Cross-Functional Teamwork Project

PT Telekomunikasi Selular

 

Best People Development Initiative

Siam City Cement

 

Best Process Improvement Initiative

Hindustan Petroleum

 

Most Innovative Use of Technology

Siam City Cement

 

Best Supplier Relationship Management

Syngenta

 

CIPS Young Procurement and Supply Chain Management Professional of the Year

Farah Silas

 

CIPS Procurement and Supply Chain Management Professional of the Year

Sebastian Chua

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