Ministry of Finance and"Lulu Hypermarket" Expect an agreement to provide federal catalog products
Dubai, April 30 / WAM / The Ministry of Finance has signed a strategic agreement with the “Lulu Hypermarket” company to provide federal catalog products with the best offers and prices through the digital purchasing platform.
The agreement was signed today in Dubai, in the presence of His Excellency Mohammed bin Hadi Al -Husseini, Minister of State for Financial Affairs, and Youssef Ali, Chairman and Managing Director of the Lulu International Group.
The agreement aims to provide a wide range of high -quality products that meet the needs of the federal authorities, and the federal authorities applied to the digital purchasing platform will be able to benefit from exclusive discounts, which contributes to enhancing the effectiveness of public spending and achieving the best value for money.
This bilateral cooperation between the two sides reflects a joint commitment to achieving the highest levels of efficiency in government resources management through the facilitation of purchases and enabling federal authorities to digital movement to the supplier page through the platform, as well as the efforts of the Ministry of Finance to expand the network of suppliers accredited within the digital purchasing system, in a way that contributes to facilitating access to various options of goods at competitive prices and conditions of flexible supply.
His Excellency Muhammad bin Hadi Al -Husseini said that this agreement comes within the continuous efforts of the Ministry of Finance to develop the government purchasing system and enhance its efficiency, in a way that keeps pace with the aspirations of the federal government towards more flexible and sustainable work models. Through this cooperation, we seek to provide various and high -quality options that meet the needs of government agencies, and enhance the principles of transparency and competitiveness.
His Excellency added that cooperation with the Lulu International Group is an important step within the Ministry’s efforts to expand the network of partnerships with the private sector, and to activate its role as a basic partner in the economic development process of the state, as it reflects our commitment to adopting advanced digital solutions that contribute to improving the efficiency of spending, ensuring the continuity of supply, and supporting the government’s directions towards a smart and integrated financial system that achieves sustainability and leadership in the long run.
Youssef Ali, Chairman and Managing Director of the Lulu International Group said that this agreement represents an important step towards strengthening the partnership between the public and private sectors, and contributing to the development of the government digital purchasing system in the Emirates, and by providing high -quality products within the federal catalog at competitive prices, we confirm our commitment to support the government’s vision in achieving efficiency and sustainability in the management of resources, and that the launch of the ‘Punch Out’ feature between The digital purchasing platform and the Lulu Group website represents a qualitative shift in the integration of electronic purchasing processes, and we look forward to continuing this fruitful cooperation in a way that achieves the benefit of all the parties concerned.
On the sidelines of the signing of the agreement, the “Punk Out” transportation feature was launched between the digital purchasing platform and the electronic shopping platform for the Lulu Group, which is one of the most prominent digital developments that were recently introduced on the platform.
This feature represents a kind of e -integration, as it allows the users of the federal authorities to move to the supplier’s electronic shopping platform through the digital purchasing platform directly, selecting products, then sending requests and completing purchase procedures with ease and effectiveness.
Lulu Hypermarket is one of the first suppliers to be activated by the “Punch Out” feature, which reflects the continuous expansion of the digital platform in linking government agencies to the best local suppliers.
The federal catalog in the digital purchasing platform is one of the leading initiatives in the digital transformation of purchases in the federal government, as it aims to accelerate and simplify purchases for the federal authorities from 60 days to 6 minutes, and the catalog contains a wide range of products and services where users in the federal authorities can search for the required products and services and add them to the shopping basket without the need to launch tenders The catalog includes 35 category and more than 120,000 products and a service provided by more than 400 suppliers.
It is noteworthy that the Ministry of Finance has completed the requirements of the purchasing law in the federal government in a way that enhances government spending efficiency and supports innovation and sustainability, as last February launched a guide for purchasing procedures in the federal government, which aims to regulate and simplify procedures and facilitate the application of the law to all government agencies. It also announced the launch of the powers delegation matrix, which aims to determine the responsibilities clearly, which enhances the effectiveness of procedures and ensures adherence to the approved standards.
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