Procurement – A veritable tool for socio economic development

Procurement – a veritable tool for socio-economic development

Mr. Babs Omotowa MD/CEO (Nigeria LNG Limited)

Global Business EnvironmentEvolution of the procurement profession

Buying and selling Integrated Management Functions

Spare parts supply

Outsourced Department

Wings

Landing gear

Doors

-

Global Business EnvironmentJust-in-time innovation

145,000 Jerseys

Centralized design

Flexible supply across Europe

Global Business EnvironmentManufacturer/Suppliers integration

Massive servers

High speed printers

Global Business EnvironmentA changing society

Information Technology explosion

1 2

3 4

Growing global economy World Population passes 7 billion

China India

Japan Singapore

Societal expectations

ExpectationsRealities

Government

Corporate Organisation

Global Business EnvironmentA veritable tool

$3,024 GDP/Capita in Africa

Rebased GDP = $524b

Enablers

25 – 70% Government

spend

Making a difference …

Local capacity development

Value for money

Enable innovation

Ethics and transparency

Sustainable development

1 2 3 4 5

NLNG Example – Drive for excellence

$1m

Knowledge transfer Historical Nigerian export Innovation in procurement

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