Procurement – A veritable tool for socio economic development
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Transcript of Procurement – A veritable tool for socio economic development
Procurement – a veritable tool for socio-economic development
Mr. Babs Omotowa MD/CEO (Nigeria LNG Limited)
Global Business EnvironmentEvolution of the procurement profession
Buying and selling Integrated Management Functions
Spare parts supply
Outsourced Department
Wings
Landing gear
Doors
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Global Business EnvironmentJust-in-time innovation
145,000 Jerseys
Centralized design
Flexible supply across Europe
Global Business EnvironmentManufacturer/Suppliers integration
Massive servers
High speed printers
Global Business EnvironmentA changing society
Information Technology explosion
1 2
3 4
Growing global economy World Population passes 7 billion
China India
Japan Singapore
Societal expectations
ExpectationsRealities
Government
Corporate Organisation
Global Business EnvironmentA veritable tool
$3,024 GDP/Capita in Africa
Rebased GDP = $524b
Enablers
25 – 70% Government
spend
Making a difference …
Local capacity development
Value for money
Enable innovation
Ethics and transparency
Sustainable development
1 2 3 4 5
NLNG Example – Drive for excellence
$1m
Knowledge transfer Historical Nigerian export Innovation in procurement
Wrap up … A veritable tool
Understanding societal expectations
Understanding long term plans and strategies
Understanding Economy and value for money
Understand market and cost drivers
Continuous Improvements and innovation
Trusted partner and professionalism