NBD signs up with Tejari.com to reduce procurement costs

National Bank of Dubai aims to reduce procurement costs and increase efficiency by signing up with the B2B exchange.

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By  Greg Wilson Published  March 9, 2002

National Bank of Dubai (NBD) has signed up with Tejari.com to gain online access to suppliers through the B2B exchange and consequently reduce procurement costs.

As a result of its Tejari membership, the NBD plans to gain greater hands-on experience for its procurement department in online buying strategies.

"The use of technology for greater internal efficiency has been a major area of focus for NBD, and Tejari membership adds a new dimension to that objective,” says Mohammad Faraj Abdulla, accounts relationship manager, NBD.

“We anticipate that by dealing directly with our suppliers online, the bank will realise a wider selection of goods and services, as well as a competitive and transparent trading environment via Tejari,” he adds.

“The Middle East’s banking industry has been extremely proactive in adopting Internet-based services for their customers. In joining Tejari, [NBD] is extending its online capabilities to benefit its supplier relationships, which should result in increased trading opportunities,” comments Sheikha Lubna Al Qasimi, managing director of Tejari.com.

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