EPPCO PLACES ITS FIRST ON-LINE TENDER;PETROLEUM RETAILER BEGINS E-PROCUREMENT VIA TEJARI.COM

Published October 31st, 2000 - 02:00 GMT

Companey Press Release: Emirates Petroleum Products Company (EPPCO) LLC today (Sunday, October 29) placed its first on-line tender, beginning e-procurement via Tejari.com, the Middle East's first electronic Business to Business marketplace. 

 

Hussain Sultan, Managing Director, EPPCO and Chief Executive of Emirates National Oil Company (ENOC) posted the tender, for five trucks, on Tejari.com at the GITEX information technology show under way at the Dubai World Trade Centre. 

 

"This signals the start of EPPCO's e-procurement policy," said Hussain Sultan. "Though our initial focus is on office supplies, transportation and supplies for our EPPCO's StarMart and ENOC's Aqua convenience stores, we aim to electronically transact all EPPCO Group's purchasing within 18 months, in line with Dubai Government initiative. 

 

"We are convinced that on-line tendering and procurement will save us both time and money, widen our supplier base and ultimately improve our bottom line profitability." 

 

On-line tender - 2 

 

Earlier this year, ENOC, of which EPPCO is a subsidiary, signed up to become an active trader on Tejari.com - the first oil and gas company user for the on-line exchange. 

 

"EPPCO has set a sterling example to the business community with the posting of this tender," said Lubna Al Qasimi, Managing Director, Tejari.com. "It also sends a clear signal to the marketplace that e-procurement can also be used for major capital purchases." 

 

Commissioned earlier this year by His Highness General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, Tejari.com is owned by the Government of Dubai. The digital marketplace was initiated by Dubai Ports Authority, managed by Sultan Bin Sulayem, Chairman, Jebel Ali Free Zone. 

 

Together with the creation of the Dubai Internet City and the formation of the Dubai e-Government initiative, Tejari.com aims to focus the region's e-commerce squarely on the city of Dubai. 

 

© 2000 Mena Report (www.menareport.com)

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