K-Electric partners with SAP Ariba to digitalize its procurement process.

In continuation of its broader digitization initiatives, K-Electric (KE), Pakistan's only vertically integrated power utility, has partnered with SAP, a leading multinational information technology services provider. KE will implement SAP's ARIBA E-Procurement tool, which will automate its procurement processes, end to end.

SAP Ariba, once fully implemented, will digitally transform KE's supply chain, sourcing, contract management and vendor management processes. This will result in more efficient and cost-effective procurement activities, and also simplify and standardize the business processes in line with global best practices.

The new system will enable; 1) Increased data visibility to both vendors and KE users through self-serviceable dashboards; 2) Increased bidding process transparency and real time visibility of end to end tendering process; 3) Technical Evaluation (T/E) tracking and online submission; 4) Electronic log maintenance of complete communications related to commercial and technical proposals; 5) Optimized turnaround time (TAT) for each portfolio; 6) Enhanced opportunities for strategic buying and 7) Greater financial savings.

Speaking about the new software implementation, Syed Moonis Alvi, CEO KE, said; "We chose SAP because it has the solutions, services, and expertise that KE needs to mitigate financial...