KMG International – CIPS accreditation in procurement

KMG International Group (Group or KMGI) has become the first company in Romania, which was awarded “Standard” accreditation level by CIPS (Chartered Institute of Procurement and Supply). The Certification of this level shows that the Group has robust and professional procurement practices/systems in place and performs world-class services in procurement and supply.

Key business-triggers for processes assessment were such indicators, as efficiency and transparency of procurement processes, spend and risk management, process improvement, professional skills of procurement employees, compliance with globally recognized standards of procurement and supply chain management.

CIPS Experts defined efficiency level of the current activities and identified needs for improvement in certain area.

 “We congratulate KMGI on becoming the first company in Romania to achieve CIPS certification. This certification confirms not only compliance with high corporate standards of KMG International’s procurement function, it also indicates that the Group is reliable and qualitative business partner by operating in accordance with international standards and cutting-edge practices in procurement and supply”, noted Alan Martin, CIPS representative during the award ceremony.

     “Initiative of obtaining CIPS qualification was one of the significant corporate objectives of the company for 2018 within the framework of comprehensive review of current business procedures.

During the certification, we studied and corrected areas of procurement department in accordance with international practices and standards, which are reflected in the last updated version of the Group procurement procedure. Improvements affected on entire cycle of procurement process, including procurement planning, suppliers’ selection and performance management, development strategy of the procurement department, which includes automation and process optimization.

We express our gratitude to the CIPS representatives for support to ensure we have high professional standards in procurement and supply chain management. Following continuous improvement culture set in our company, we intend to continue working further improvements of our business-process and implementation of best practices, together with CIPS, and to obtain the “Advanced” certification, which involves building a long-term strategic and business-oriented partnership with customers and suppliers”, – said Arman Kulmanov, KMG International company Group Procurement Director.

Reference information:

CIPS (The Chartered Institute for Procurement and Supply) is the largest international association and professional non-profit organization specializing in global management of procurement, supply, logistics and related areas.CIPS is a procurement standards developer adopted and implemented in organizations such as the UN, the World Bank, the IMF and other large international companies that are also members of the professional community.

Main objectives of CIPS are professional training and networking of experts and specialists in procurement sphere, and accreditation of leading companies from various industries according to international standards of CIPS Corporate Standard certification Program. Today the CIPS community has 200 000 members (individuals and organizations) from 150 countries of the world, who have access to the single database of training and information resources. www.cips.org

Source: http://kmginternational.com, October 18th