The company practices a centralized procurement process in all the countries in which it operates and more than 35,000 material requisitions for procurement are closed every year. With more than 5,000 approved suppliers, of which one-third are overseas, Kharafi National procures more than US$400 million worth of materials each year.
The company’s procurement team has extensive knowledge of local and international markets, and the experience and resources to handle sea-freight, air-freight, import regulations, customs clearance and local transportation issues.
The complete compliance of the procurement team with procedural requirements ensures that any materials procured from third parties are manufactured from quality materials and conform precisely to client specifications.
Procurement operations are wholly computerized and fully-integrated with the company’s materials management system. A centralized database provides online information on vendors, purchase history and market trends in real time.
Kharafi National is deeply committed to e-procurement and the utilization of B2B e-markets on the Internet. It undertakes strategic sourcing activities and on-line negotiations with suppliers using the automated procurement workflows in Oracle’s E-Business Suite ERP system.
The company’s strategic commitment to e-procurement was honoured in October 2004 when Kharafi National was presented with the Most Active Regional Buyer 2004 Award by www.tejari.com at the GITEX-2004 Exhibition in Dubai, UAE.
Kharafi National’s procurement resources, highly experienced staff, and e-procurement strategy enable it to meet the demands of the company’s ever-expanding volume of projects on-time under all circumstances.