KUALA LUMPUR: Sime Darby Bhd has launched the Bumiputera vendor development programme to help specific Bumiputera companies develop their capabilities to become more competitive in the local and global markets.
Sime Darby said on Wednesday it had identified nine companies that have signed the MoUs with Sime Darby Plantation and Sime Darby Property, reflecting a spread of Bumiputera vendors in both divisions.
“In support of Malaysia’s national agenda, the group is determined to increase our pool of approved Bumiputera vendors in the approved vendor list to 30%,” said Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh.
The selected vendors would be given opportunity to supply goods and services to needs of Sime Darby for a period of three to five years.
“Sime Darby will also assist the vendor to obtain financial and training assistance from government agencies, financial institutions or any other certified technical agencies,” Sime Darby added.
If the selected vendors KPIs are met after graduating from the programme, the vendors would be recognised as “Sime Darby Preferred Vendor’, which would likely increase their opportunity to be involved in future projects.
For its financial year ended June 30, 2014, the group’s saving from procurement activities stood at RM60mil.
“Procurement governance is not just a compliance tool but it needs to be internalised by every Sime Darby employee. Having good, reliable and high performing vendors can deliver positive benefits to both parties,” said Sime Darby group procurement head Adi Wira Abd Razak.
Since 2008, Sime Darby has implemented the vendor development programme and it now has 19 companies identified as "Preferred Suppliers" to its property division.
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