All the winners on stage at the H-Hotel Dubai © Musthafa Photography
All the winners on stage at the H-Hotel Dubai © Musthafa Photography

SABIC claims victory in CIPS Middle East SM Awards 2019

25 June 2019

A dramatic digital transformation programme with “impressive tangible results” netted the top prize for petrochemicals firm SABIC at the CIPS Middle East SM Awards 2019 at the H-Hotel Dubai on Monday.

As well as taking home the overall award, SABIC won category awards for Most Improved Procurement Operation – Step Change and Best Process Improvement Initiative.

The company, headquartered in Saudi Arabia, went from having very little automation to 1m core procure-to-pay automated transactions for around 180,000 low-value spot-buy items in just a few years. 

SABIC saw multiple benefits from its complex, bespoke automation and algorithms, which were designed to mimic buyers’ decision-making processes. In its award entry the company said the ‘robotisation’ of multiple processes had “truly changed the way SABIC handles spot-buy purchasing for materials”.

Now, more than 80% of the purchase orders for maintenance, repair and operations are managed with automated processes rather than by a human, eliminating low-value transactional work and enabling buyers to work on more tactical procurement and category management. The project also brought the company savings of 8% from competitive bidding and has reduced supply lapse time by 73%.

Awards judges praised the winning procurement project for its “impressive automation, driving savings and efficiencies” and its “tangible benefits across a wide range of metrics”.

The CIPS Middle East SM Awards 2019 winners

Overall winner

SABIC

 

Best Contribution to Corporate Responsibility

Winner: Atlantis The Palm Limited

Project: Atlantis Cares, Green Globe commitment

 

Best Contribution to the Reputation of the Profession

Winner: Emaar Properties

Project: # CHALLENGING REALITY

 

Best Cross-Functional Teamwork Project

Winner: Expo 2020

Project: EXPO2020 Dubai

 

Best International Procurement Project

Winner: Emaar Properties

Project: # CHALLENGING REALITY

 

Best People Development Initiative

Winner: Turkcell

Project: Turkcell Purchaser Development Cycle

 

Best Process Improvement Initiative

Winner: SABIC

Project: Outsourcing of Global Master Data Management

 

Best Procurement Consultancy Project

Winner: Abu Dhabi Islamic Bank

Project: Digital Procurement

 

Best Procurement Diversity Initiative

Winner: Tecom Group

Project: Driving Sustainability through Local ‘Owned’ Suppliers and SME

 

Best Public Procurement Project

Winner: Department of Culture and Tourism

Project: Mother of the Nation

 

Best Supplier Relationship Management

Winner: Serco Middle East

Project: Medical Insurance

 

Most Improved Procurement Operation – Start Up

Winner: Majid Al Futtaim Ventures

Project: Revolutionizing Procurement & Supply Chain in Majid Al Futtaim Ventures

 

Most Improved Procurement Operation – Step Change

Winner: SABIC

Project: Procurement Digitalisation Programme

Most Innovative Use of Technology

Winner: Emaar Properties

Project: WAFER - B2B PLATFORM THROUGH MOBILE 24/7

 

CIPS Procurement and Supply Professional of the Year

Winner: Willean Master - G4S Secure Solutions

 

CIPS Young Procurement and Supply Professional of the Year

Winner: Adam Bektic

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