Malaysian Government e-procurement achieves massive savings

The Malaysian Government expects an estimated savings of US$470 million or up to 10 per cent of the target annual procurement deals through Malaysian e-procurement system—e-Perolehan(eP)—this year, Datuk Ibrahim Shukor, eP project director under the Ministry of Finance (MOF) told FutureGov Asia Pacific Magazine.

According to Shukor, the eP has reached US$3.7 billion in the value of transactions last year and has generated US$370 million savings.

“These savings were derived from the reduction in price of goods, processing costs and better inventory management,” Shukor said.

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