PTP bags supply chain award from Chartered Institute of Procurement & Supply

Strategically located at the convergence of one of the world’s busiest waterways and international shipping route, PTP was built from the ground up on 809.4ha of space to house the port terminal as well as 607ha for the free-zone area (Pics by Aufa Mardhiah/TMR)

PORT of Tanjung Pelepas (PTP), a joint venture (JV) between Malaysia-based MMC Group and Hague-based APM Terminals has been named Procurement Team of The Year for Small Organisation with a turnover of under £500 million (RM2.97 billion) at Chartered Institute of Procurement & Supply (CIPS) Asia Excellence in Procurement Award 2023.

The recognition was given to PTP after its procurement team made significant improvements to the company’s performance and culture, resulting in increased effectiveness, influence, efficiencies, savings or competitive advantage.

PTP CEO Marco Neelsen remarked that this latest achievement and various other accomplishments set by PTP over the years underlined the value the company provides towards its whole business and operation ecosystem, including its customers, business partners and all other stakeholders.

Neelsen remarks that the latest achievement underlines the value PTP provides towards its whole business and operation ecosystem (Source: Neelsen’s LinkedIn)

“PTP continuously reviews and refines its strategic direction and initiatives to ensure sustainable growth with implementation of various improvement strategy through inventory optimisation; digitisation/ automation; supply diversification; localisation; collaboration/partnership; environmental, social and governance (ESG) programme; and others in our commitment to provide and improve service level for internal and external stakeholders.

“As such, this momentous achievement is a testament to their hard work and agility amid the current challenging business environment of today.

“As Malaysia’s leading transhipment terminal and amongst the world’s busiest ports, we take pride in trail-blazing the steps of sustainability,” he said in a recent statement.

Meanwhile, CIPS development advisor and chair of the awards Jonathan Cheung congratulated PTP on winning the award after the panel judges of procurement leaders determined that PTP has exemplified best practice and demonstrated the highest standards of the profession.

“The CIPS Asia Excellence in Procurement Awards were first established in 2014 and have now become one of the most prestigious awards in the procurement profession in Asia.

“With over 140,000 members in over 100 countries, CIPS is the only Royal Charter Professional Body worldwide that offers a global professional certification and qualification in procurement,” he said in the statement.

He noted that PTP has consistently showcased continuous commitment towards procurement best practices when not only it became the first company in Malaysia to win the award, but has also successively won the category for two years in a row since 2022.

“The achievement is therefore a reflection of PTP as a leader in the procurement profession,” he added. — TMR