Procurement Policies & Procedures for a retail chain
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Client
A premier retail operator in the UAE targeting the mid-to-high range and luxury segments in fashion, athleisure and F&B.
Assignment
Benefits to the client
Bottomline
Developed a Procurement Policies and Procedures Manual within the context of the company’s business verticals. The Manual covers:
1. Structure of Procurement Department
2. Procurement Planning
3. Procurement Services
4. Vendor Management
5. Dispute Handling
The manual:
1. Clarified the delegation of procurement authorities
2. Provided a frame-work with clear guidelines to business managers and procurement staff
3. Provided a clear description of the procurement process including selection of vendors, purchase requisition, approval matrix etc.,
4. Served as a tool to address budget, procurement and supply related issues.
5. Established procedures to provide management with periodic information for timely decision-making.
Resulted in procurement efficiencies that delivered tangible savings to the Client.