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What is Procurement Department Goals & Challenges about?

The Procurement Department aims to achieve a 10% cost reduction, fully digitalize procurement workflows by Q2 2026, enhance supplier performance management to 90%, and ensure 100% contract compliance. Key challenges include supplier responsiveness, budget constraints, internal coordination delays, and data accuracy, with strategies in place for mitigation. The budget for initiatives totals RM 130,000, with a detailed progress plan and KPIs established to track performance and outcomes.

Author

MS CH

Language

EN