Procurement – A veritable tool for socio economic development
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A speech delivered by Babs Omotowa, MD/CEO, Nigeria LNG Limited, at the Procurement Professionals Association of Nigeria (PPA) Workshop (4 SEPTEMBER 2014 – ABUJA, NIGERIA)
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Procurement – A veritable tool for socio economic development
- 1. Procurement – a veritable tool for socio-economic development Mr. Babs Omotowa MD/CEO (Nigeria LNG Limited)
- 2. Evolution of the proGculorebmale nBtu psrionfeessssi oEnnvironment Buying and selling Integrated Management Functions Spare parts supply Outsourced Department Wings Landing gear Doors -
- 3. Just-in-time innovatGiolnobal Business Environment 145,000 Jerseys Centralized design Flexible supply across Europe
- 4. Manufacturer/SuppGlielorsb ianlt eBgurastiinoenss Environment Massive servers High speed printers
- 5. A changing society Global Business Environment 1 2 China India Japan Singapore Growing global economy World Population passes 7 billion 3 4 Information Technology explosion
- 6. Societal expectations Realities Expectations Government Corporate Organisation
- 7. A veritable tool Global Business Environment $3,024 GDP/Capita in Africa Rebased GDP = $524b 25 – 70% Government spend Enablers
- 8. Making a difference … 1 2 3 4 5 Local capacity development Value for money Enable innovation Ethics and transparency Sustainable development
- 9. NLNG Example – Drive for excellence Knowledge transfer Historical Nigerian export Innovation in procurement $1m
- 10. Wrap up … A veritable tool Understanding societal expectations Understanding long term plans and strategies Understanding Economy and value for money Understand market and cost drivers Continuous Improvements and innovation Trusted partner and professionalism