Value Creation


To ensure the sustainability of our business, UEM Group and our subsidiaries strives to create value for our key stakeholders by remaining competitive, relevant and in demand. We recognise the need for a sustainable value chain to ensure quality and improve efficiencies. While generating measurable profit, it is important for us to stimulate social, environmental and economic benefits.

In delivering quality products and services to end users, our supply chain management is supported by a system of interdependent activities involving project execution, production, vendor management, administration, marketing and distribution.

Various supply chain initiatives were implemented across UEM Group of Companies to enhance vendor management while at the same time, achieve cost savings. This include the implementation of the E-Bidding programme aimed at promoting transparency in our bidding process, while the Procurement Card (P-Card) initiative aims to measure cost savings in our procurement activities. Vendor audits are conducted as part of our risk and mitigation management.

We recognise the need for a sustainable value chain to ensure quality and improve efficiencies. While generating measurable profit, it is important for us to stimulate social, environmental and economic benefits.

AIM

  • Strive for sustainability in our business
  • Continuously improve and innovate to add value to the Company and clients
  • Effectively manage our business sustainably without compromising social, economic and environmental aspects
  • Evaluate risks beyond financial and operational risks relating to social, environmental and climate change impacts
PROGRESS

  • Enhance integrated value chain, competitive prioritisation and go-to market approach to improve effectiveness and efficiency of delivery mechanism
  • Achieve cost savings through supply chain management programme
  • Continuous improvements across our value chain, including vendor and contractor management

WAY FORWARD

  • Enhance and standardise existing procurement practices and grow the procurement team across all Operating Companies through change management and people development
  • Implement new tools  to support and manage procurement functions such as those relating to procurement systems, data strategies and the tendering processes
  • Build new supplier base and maintain existing supplier relationships through continuous improvement in supplier management
  • Realise and deliver cost savings as well as improve supplier performance, quality of service and risk management
  • Comply with Procurement Policy and resolve breaches of Service Level Agreements



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