Saudi Aramco received two awards — the prestigious Procurement Leader Award and the Innovation Award — from the Procurement Leaders Network at a recent ceremony in the historic Banqueting House in London. The awards were accepted on behalf of Saudi Aramco by Esam A. Mousli, Vice President of Materials Supply. The Procurement Leader Award went to Mousli in recognition of his achievements in managing a supply chain organization with a total procurement value of more than $30 billion in 2008 while leading a series of strategic initiatives designed to transform Materials Supply from a service provider to a manager of best-in-class supply-chain services. The Innovation Award recognized one of Materials Supply's key strategic initiatives: the Electronic Contracting Network (ECN). Phase II of the Web-based ECN and the introduction of the Virtual Contract Room concept has transformed the way the company procures its contracts. ECN Phase II helped reduce procurement lead time by supplying one hub for procurement information and by optimizing and re-engineering 60 business procedures. The awards were presented by the Procurement Leaders Network, which is an international, membership-led, community focused group for executive level procurement, sourcing and supply-chain-management professionals. It was the first time the awards had been opened to companies outside Europe.
