{"id":50592,"date":"2023-05-12T07:12:34","date_gmt":"2023-05-12T12:12:34","guid":{"rendered":"https:\/\/simfoni.com\/?p=50592"},"modified":"2023-05-12T10:18:44","modified_gmt":"2023-05-12T15:18:44","slug":"best-initiative-to-deliver-social-value-through-procurement-award","status":"publish","type":"post","link":"https:\/\/simfoni.com\/news-and-events\/best-initiative-to-deliver-social-value-through-procurement-award\/","title":{"rendered":"Simfoni Client Named Finalist for ‘Best Initiative to Deliver Social Value Through Procurement’ Award at CIPS MENA Conference"},"content":{"rendered":"
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\n\t\t\t\tSimfoni takes great pride in announcing its collaboration with a UAE government organization was recognized as a finalist for the esteemed title of 'Best Initiative to Deliver Social Value Through Procurement<\/a>' at the 2023 CIPS MENA Conference.\t\t\t<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\tSimfoni<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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This award recognizes an outstanding and impactful initiative launched by an organization that delivers significant social value outputs. The category includes both public and private sector organizations that use innovative sourcing<\/strong><\/span><\/a> and contracting initiatives to deliver social value.<\/span> <\/span><\/span> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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The <\/span>recognized<\/span> project<\/span> is <\/span>a <\/span>partnership<\/span> between <\/span>Simfoni<\/span> and<\/span> a K-12 school <\/span>recently <\/span>established<\/span> in the UAE as a pilot project to prove the viability of schools with an Arabic curriculum <\/span>combined with a<\/span> westernized approach to learning<\/span>.  <\/span>Th<\/span>e school’s<\/span> one<\/span>-of-a-kind education program in the UAE provides students with<\/span> all <\/span>the materials they need for academic study in a westernized environmen<\/span>t<\/span>.  <\/span>From bookbags to laptops, all materials needed are sourced<\/span> and paid for <\/span>by the school<\/span> which is funded through the government agency.<\/span><\/span> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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With <\/span>Simfoni<\/span> as their technology partner, the school achieved alignment<\/span> of their<\/span> sourcing<\/a><\/span> needs with the<\/span> implementation of<\/span> the <\/span>new procurement<\/strong><\/span><\/a> technology, <\/span>ensuring<\/span> a sustainable reconfiguration and optimization of their procurement process<\/span>.<\/span> Si<\/span>mfoni’s<\/span> t<\/span>echnology gives the school’s leadership team insights into their spend by supplier, business unit<\/span>, categories<\/span>,<\/span> and manages all vendors and payments through a single invoice<\/span>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Prior to <\/span>partnering<\/span> with <\/span>Simfoni<\/span>, <\/span>the school faced a steep challenge in understanding their existing procurement landscape due to poor spend <\/span>visibility and <\/span>engaged <\/span>Simfoni<\/span> to <\/span>install its <\/span>sophisticated spend analytics<\/a><\/span> platform<\/span>. <\/span>Due to the sheer volume of<\/span> sourcing<\/span> needed to keep the school fully operational, t<\/span>here was an urgent need to implement the <\/span>Simfoni<\/span> BuyDesk<\/span> platform<\/span>,<\/span> which includes training and supplier onboardin<\/span>g<\/span>—<\/span> typically<\/span> a <\/span>6–8-week<\/span> process.<\/span> Simfoni’s<\/span> team <\/span>of sourcing experts <\/span>immediately<\/span> stepped in to support<\/span> the school’s procurement team <\/span>with pre<\/span>-established supplier relationships<\/span> and <\/span>fixed procurement processes<\/span> to<\/span> optimize<\/span> sourcing<\/span> during the platform’s implementation<\/span>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Read More:- Simfoni Finalists Announced for 2022 Future of Sourcing Awards<\/a><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Ultimately, t<\/span>he<\/span> insights derived from the use of analytics led to the elimination of manual processes and the implementation of core technology like contract management<\/span><\/strong><\/span><\/a> and supplier on-boarding,<\/span> representin<\/span>g<\/span> a complete overhaul of the <\/span>school’s <\/span>procurement process<\/span>.<\/span> <\/span><\/span> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Additionally, the school has transitioned to a one-vendor model<\/span> with <\/span>Simfoni<\/span> as an ongoing<\/span> technology partner handling procurement activity, delivery, as well as the supplier payments as an extension of their procurement team<\/span>. This has<\/span> significantly reduc<\/span>ed<\/span> the workload of AP and AR<\/span>, meaning the school does<\/span> not <\/span>need to deploy or <\/span>hire <\/span>additional<\/span> finance employees, resulting in significant <\/span>additional<\/span> cost savings<\/span><\/span><\/strong><\/a> that can be re-allocated to fu<\/span>rther <\/span>benefit<\/span> the school and its students<\/span>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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The award <\/span>ceremony<\/span> took place<\/span> on<\/span> May 11 at W, The Palm, Dubai<\/span><\/strong>,<\/strong> and<\/span> was<\/span> attended by Chirag Shah<\/a><\/strong><\/span>, <\/span>Simfoni<\/span> Chairman<\/span> and Zoya Ali Khan<\/strong><\/a>, <\/span>Simfoni’s<\/span> Commerical Director for the Middle East region.<\/span><\/span> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Simfoni’s<\/span> solutions are designed to meet your unique challenges and goals<\/span>. <\/span>To learn more, sc<\/span><\/a><\/span>hedule a demo <\/span><\/a>with one of our <\/span>procurement<\/span> experts <\/span>today!<\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Simfoni takes great pride in announcing its collaboration with a UAE government organization was recognized as a finalist for the esteemed title of ‘Best Initiative to Deliver Social Value Through Procurement’ at the 2023 CIPS MENA Conference. Simfoni Tweet This…<\/p>\n","protected":false},"author":1,"featured_media":50610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[2529],"tags":[],"class_list":["post-50592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-events"],"yoast_head":"\nSimfoni Client Named Finalist for 'Best Initiative to Deliver Social Value Through Procurement' Award at CIPS MENA Conference<\/title>\n<meta name=\"description\" content=\"Simfoni takes great pride in announcing its collaboration with a UAE government organization was recognized as a finalist for the esteemed title of 'Best Initiative to Deliver Social Value Through Procurement' at the 2023 CIPS MENA Conference.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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