The Chartered Institute of Procurement & Supply in MENA (CIPS MENA) has awarded the Public Investment Fund (PIF), a Procurement Excellence Programme (PEP) award at Standard level for recognised levels of leadership and organisation, strategy and policy, people, processes and systems and performance management.
The PEP is a globally-recognised award presented to organisations who demonstrate excellence in their procurement and supply chain activities. The award drives regular improvements, building a competitive edge and highlighting procurement’s role as a fundamental part of an organisation’s business and strategy.
The PIF’s Contracts and Procurement Department was recognized for achieving excellence in its policies, strategies and procedures and processes in procurement and supply chain operations and the award is a global recognition of these efforts.
Malcolm Harrison, Group CEO of CIPS presented the award to PIF and said, “Attaining procurement excellence at standard level is a strong statement about the commitment PIF have shown in their procurement transformation programme and linking their activities to wider organisational goals.
“CIPS will continue to support PIF’s ongoing drive for procurement excellence and ,as well as offering my congratulations on this award, I wish them all success in their ambition to establish one of the leading procurement teams in the Kingdom of Saudi Arabia.”
Sam Achampong, Regional Director CIPS MENA said: “The Public Investment Fund is a vitally important organisation in Saudi Arabia, so it’s right that procurement is taking centre stage.
“We look forward to continuing to work with PIF’s contracts and procurement team in the future, they have worked diligently and with purpose and am sure will achieve more.”
More information about CIPS Procurement Excellence Programme
The Chartered Institute of Procurement & Supply (CIPS)
The Chartered Institute of Procurement & Supply (CIPS) is the world’s largest procurement and supply professional organisation. It is the worldwide centre of excellence on procurement and supply management issues. CIPS has a global community of over 200,000 in 180 different countries, including senior business people, high-ranking officials and leading academics. The activities of procurement and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solution packages to improve business profitability.
About The Public Investment Fund (PIF)
The Public Investment Fund is one of the largest and most impactful sovereign wealth funds in the world, driving the economic transformation of Saudi Arabia for the benefit of its people while helping shape the future global economy. PIF is building a world-class portfolio through investments in attractive, long-term opportunities across diverse industries and asset classes internationally, while unlocking new sectors at home. PIF works alongside global strategic partners and renowned investment managers, and acts as the Kingdom of Saudi Arabia’s primary investment arm aiming toward generating long-term value for the Kingdom of Saudi Arabia in line with Vision 2030.
More information can be found at www.pif.gov.sa.