Sovereign Investment Fund KSA
Sovereign Investment Fund KSA
A prominent Sovereign Investment Fund of Saudi Arabia engaged Procurement Plus to conduct a Procurement Maturity Assessment of their procurement department, aiming to achieve procurement excellence and meet the rigorous standards required for CIPS (Chartered Institute of Procurement and Supply) certification. This globally recognized certification reflects the highest standards of procurement professionalism and operational effectiveness.
The Client wanted to achieve the procurement excellence through obtaining CIPS certification.
The Client engaged Procurement Plus to assess the maturity of their procurement department and help them in closing all gaps.
Procurement Plus supported the client with assessing the maturity of their procurement department through applying maturity assessment framework to identify their areas of improvement . The maturity assessment included, Leadership, Policy and strategy, People, Processes and performance management our Job included
- Conduct an assessment of the client’s procurement and supply chain capabilities and operational needs
- Assess the client’s existing practices
- Feedback report
- Identification of Gaps and proposed solutions
- Revising the procurement polices
- Developing missing procedures
- Designed a spend analytics tool to better understand the
- Designed Risk assessment framework
- Designed Competency framework
- Category management templates
- Strategic sourcing templates
- Sustainable procurement strategy