Middle East ProcureTech Summit 2023: Emphasizing the Significance of Digital Strategy and Transformation in Procurement

B. Ali
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The Middle East Procuretech Summit is a conference focused on supply chain industry pioneers. Fundamentally, the purpose of this summit is to bring together experts, professionals, and opinion leaders to talk about the newest trends, difficulties, and possibilities in the procurement technology field. 

It is also worth noting that the conference addresses a wide range of procurement technology-related subjects, such as supply chain management automation, blockchain technology, and artificial intelligence. Furthermore, attendees will get a chance to connect with peers and business leaders while learning about the most recent developments and solutions in the procurement technology sector.

Thereby, Middle East Procuretech Summit is considered a fantastic chance for CEOs, supply chain managers, and procurement experts to learn about the newest trends and technology in the sector. Plus, the summit will give participants access to useful information and tools that they can use to improve their supply chain operations and stay one step ahead of the competition.

ProcureTech Middle East Conference 2023

During the Middle East Procuretech Conference & Awards 2023, Tatjana Ozgoren, Director, Digital Strategy & Transformation – Sourcing & Procurement at Pepsico, stated, “Procurement is no longer only a transactional activity. We are currently adding value to organizations.”

It is worthwhile to mention that the summit was held this week with about 200 attendees, including distinguished support partners, media partners, delegates, sponsors, and, of course, the supply chain industry’s key decision-makers and industry leaders. 

Where all attendees had the same purpose and sought technical reformation and progress within the procurement industry and beyond.

However, the summit’s popularity grew among the attendees, sparking robust dialogues during the numerous instructive panel discussions and interesting networking opportunities. According to Shakti Arora, Chief Procurement Officer of RAK Ceramics PJSC, “technology has become an integral feature of every procurement organization, from supply chain to procurement, to development,” underscoring the conference’s core focus.

What Do the Words of Tatjana Ozgoren Highlight?

Notably, the remark made by Tatjana Ozgoren during the opening ceremony of the Middle East Procuretech Conference and Awards 2023 discusses the significance of digital strategy and transformation in procurement. He added that “Procurement” experts must be able to take use of digital technologies as companies adopt them more often to streamline their operations and add value to the company.

Plus, Procurement experts may increase the efficacy and efficiency of procurement processes, cut costs, and promote innovation by concentrating on digital strategy and transformation. 

In the meantime, Ozgoren noted that Procurement teams may automate repetitive activities, minimize mistakes, and increase data quality with the use of digital technologies like artificial intelligence, blockchain, and automation, freeing them up to concentrate on more strategic objectives.

Generally, Tatjana Ozgoren’s statement highlights how important digital strategy and transformation are to procurement today. Procurement professionals must keep up with the most recent trends and best practices to remain competitive and add value to their organizations as businesses continue to adopt new technology.

Arnaud Malarde, Senior Product Marketing Manager of Ivalua, said the following

Arnaud Malarde, Senior Product Marketing Manager at Ivalua, the event’s highly valued platinum sponsor, delivered a talk that included retrospective comments that underlined the realities of the supply chain business today.

Specifically, the statement made by Arnaud Malardé highlights the growing importance of data and information in procurement. According to Arnaud, Procurement professionals must be able to deliver reliable, timely, and usable information to assist decision-making as firms have grown more data-driven.

Malardé’s remark also refers to the importance of knowledge as a source of power in procurement. Data and analytics may be used by procurement teams to better understand supplier performance, spot potential cost-saving opportunities, and reduce supply chain risks.

Waleed Saeed Al Saeedi, Director of Procurement and Supply Management Words

On the other side, the Department of Tourism and Culture in Abu Dhabi’s Waleed Saeed Al Saeedi, Director of Procurement and Supply Management, underlined the role of connecting sustainability efforts in the UAE with those made within the procurement function. 

Moreover, Al Saeedi emphasizes the upcoming COP28 conference in Dubai as a crucial chance to advance sustainable procurement methods. According to Al Saeedi, this will be one of the major projects relating to sustainability and the environment. Throughout his speech, Waleed highlighted the importance of connecting value to the sustainable effort inside the procurement function.

 

 

 

About B. Ali PRO INVESTOR

Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.  Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.