Ministry of Finance: 24,789 suppliers registered on the digital procurement platform by the end of the first quarter
Abu Dhabi, April 22 / WAM / The Ministry of Finance’s introduction of the digital procurement platform in 2021 has brought about a radical change in the procurement experience of federal agencies and suppliers, as the federal government’s digital procurement policy aims to enhance and direct procurement processes to align with the UAE’s digital government strategy.
During the few years that have passed since its establishment, the platform has played a major role in linking federal agencies with suppliers, through an integrated network that facilitates communication and enhances the transparency of purchasing operations carried out by federal agencies, as a result of integrating the best technological and commercial practices. The importance of the federal supplier registry in the procurement platform has increased. Digital technology that works to link government agencies with suppliers, bringing the number of suppliers registered in the “registry” within the “platform” to 24,789 suppliers in the first quarter of the year 2024, a significant growth compared to the year 2021 in which the registry began operating, which then included 19,669 suppliers, rising in the year. 2022 to 21,997, and then to 24,418 resources by the end of 2023.
The Ministry of Finance aims to simplify purchasing procedures for federal agencies through the digital procurement platform, expand the federal supplier registry, speed up the overall process from 60 days to 6 minutes, and introduce new practices, such as electronic signature, online contracts, and involving all stakeholders in product purchasing processes. Or services in a way that achieves efficiency and effectiveness, provides flexibility in responding to market changes, and ensures obtaining competitive prices and offers.
A special link has been allocated on the government procurement platform, allowing companies to register and update their data electronically, and thus qualify to participate in tenders submitted by the federal government, through a completely electronic registration and qualification process within smooth steps that ensure the highest level of ease of access, as part of the Ministry of Finance’s efforts to develop Existing systems for registering suppliers that carry out their activities inside and outside the country, and out of the Ministry of Finance’s keenness to provide the best means of communication between the federal authorities on the one hand and suppliers and service providers on the other hand.
The supplier registry contributes to simplifying the customer’s journey, as the Ministry of Finance has provided a registration service on the home page of the Ministry of Finance website to facilitate registration, reduce the number of attachments required, and simplify the procedures of the Federal Supplier Register. It also recently launched the updated digital procurement platform catalog, which expanded to include 35 categories containing… On more than 120,000 products and services, provided by 230 suppliers, with whom the Central Purchasing Unit at the Ministry of Finance negotiates to obtain the best prices for products and services for federal agencies, in a way that is in the interest of developing joint work and building bridges of communication between the government and private sectors, facilitating the customer’s experience and proactive knowledge of his needs, and then Meeting them, in a way that achieves the highest standards of excellence in government services, and is consistent with the “UAE Digital Government Strategy – 2025”, “Strategies for Government Services and Digital Transformation”, and the “Emirates Strategy for Government Services”, in addition to the digital procurement platform being part of the strategic directions. Expressed by the five major transformational projects of the Ministry of Finance, including the first project, the “Federal Government Supply Strategy,” which aims to include new categories of suppliers to the federal government’s supply base, to support growth in the national economy, and to enhance the federal government’s efforts to expand and diversify the supplier base and raise Quality services and products for federal procurement at competitive prices.
Many registered suppliers view the digital platform as a strategic and vital project in the field of digital transformation, especially in managing purchasing operations at the federal level, enhancing spending efficiency in government work, and building effective working relationships between government agencies, as it has brought about a positive transformation in terms of efficiency, transparency, and monitoring spending and expenses. It is distinguished by its ability to continuously innovate and develop to keep pace with technological developments and improve the user experience. It also supports small and medium enterprises by setting indicators and initiatives to increase the rate of contracting with them, and issuing tenders that guarantee the participation of at least 2 to 3 of them.
The platform contributes to providing an easy and flexible user experience by designing the user interface in a simple way to facilitate navigation and use, reduce complexity and increase productivity, which helps speed up the procurement process, bring about a qualitative shift in the implementation and management of procurement processes, simplify procedures, speed up response, and increase the governance of procurement procedures.
The platform has also succeeded in the eyes of suppliers in the Federal Register in enhancing automation and electronic catalogs to reduce the time required for the purchasing process, and providing a system that provides a clear view of transactions and analysis of spending to make better financial decisions. Access to purchasing information and suppliers in the system has become instantaneous and electronic.
On the other hand, government agencies that obtain procurement services find that the platform has enhanced their experience and provided them with a simplified user experience and easy registration through some simplified documents. The platform features a comprehensive catalog of commonly purchased services, which provides all the information required for users, an initial schedule for delivery, and allows navigation between all services. This represents an added value for each of the parties requesting these services, as it saves a lot of time and administrative work and simplifies everything. services, increasing quality, and reducing cost, due to the possibility of repeating the same service to different parties.
The platform also features tracking sustainability and corporate social responsibility; Tools are being integrated to track sustainability and CSR metrics related to suppliers and procurement activities, which is consistent with the Ministry of Finance’s strategy and vision.
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