Arab Bank UAE joins Tejari

Arab Bank UAE has joined Tejari's online marketplace in an attempt to streamline its procurement process, reduce costs and boost its efficiency.

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By  Matthew Southwell Published  April 12, 2004

Arab Bank UAE has joined Tejari in an attempt to streamline its procurement process, reduce costs and boost its efficiency. The finance house, which has more than 350 branches worldwide, will use the online marketplace to purchase office equipment, IT solutions and stationery. In the coming months, Arab Bank staff in charge of procurement will be trained on Tejari’s features and functionality, and will migrate to online purchasing for the majority of the organisation’s business needs. “The key issue for Arab Bank is to centralise our purchasing operations. Initially, Tejari will be used for more conventional procurement decisions, but it will have a much larger role in the future, as Arab Bank concentrates on deploying additional e-business practices,” says Anan Al Khatib, Arab Bank premises & supplies unit head. “Tejari membership is expected to generate cost savings in both the short and long term, and maintaining a single source of information for our procurement functions, which will greatly enhance our efficiency,” adds Mohammed Azab, senior vice president at Arab Bank in the UAE.

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