Business
Workshop on Procurement Planning by Open University’s Faculty of Management Studies
Prof. Nalin Abeysekara
Dean Faculty of Management Studies
R.H. Asari Tharuka Perera
Programme Coordinator
M.Sc. in Public Procurement and Supply Chain Management
The Open University of Sri Lanka (OUSL) is a pioneering national university in Sri Lanka designed to provide education through open and distance learning methods. The Faculty of Management Studies of the Open University Sri Lanka has over 40 years of experience in offering a variety of programs including master’s programs, degree programs, certificate courses, diplomas and postgraduate degree programs.
Recently, it launched a new postgraduate degree program, MSc in Public Procurement and Supply Chain Management. This program is for individuals seeking a postgraduate qualification in public procurement and supply chain management. A distinctive feature of this program is its status as the first postgraduate qualification offered in public procurement in Sri Lanka.
Beyond its typical academic role, this program contributes to creating a platform for discussing the importance of public procurement and supply chain management in both the public and private sectors in Sri Lanka. Efficient and transparent public procurement is crucial for the effective functioning of governments. It ensures that public funds are used responsibly, promotes fair competition among suppliers, and contributes to economic development. The unique selling proposition (USP) of this program is the combination of public procurement and supply chain management with practical discussions with industry experts.
More importantly in Sri Lanka at the moment there is a debate within society on public procurement aligned with, corruption, lack of competition, and complex regulations. In the context of public procurement, ensuring good governance is crucial to prevent corruption, promote fairness, and achieve value for money. Implementing transparent and accountable procurement practices contributes to overall good governance within a country or organization.
All stakeholders in the country must address these challenges to ensure the effectiveness of public procurement processes. To address this problem the Faculty of Management Studies plans to organize a series of workshops with procurement specialists in Sri Lanka. The first workshop was conducted with industry experts, professionals, and academics in procurement and supply chain under the theme of ‘Procurement Planning’ was held on January 25, 2024, at the Water’s Edge Battaramulla. The learning partners for the MSc in Public Procurement and Supply Chain Management also actively participated in the event.
Mrs. P. Sujeewani Muthunayaka, Assistant General Manager (Procurement Planning and Monitoring) at the National Water Supply and Drainage Board, was invited as the chief guest for this event. During her speech, she discussed the simplification of procurement and supply chain processes, sharing her valuable experiences with the audience. She explained the procurement planning process of the Water Board and emphasized the importance of research and development, as well as effective collaboration between local and foreign contractors for the success of projects.
Mrs. Muthunayaka brought numerous examples to the table while illustrating the role of technology in the simplification process of procurement planning. Significantly, she shared the success story of the NRW (Non-Revenue Water) project, highlighting the reduction of unauthorized water connections and administrative losses. Furthermore, she elaborated on the adaptation of E-procurement and the simplification of the procurement planning process at the National Water Supply and Drainage Board in Sri Lanka.
During this event, OUSL, positioning itself as a responsible academic institution committed to societal improvement, proudly announced the initiation of the Procurement and Supply Chain Consultative Committee. This marks a crucial step in fostering collaboration between academia and industry to shape the future of learning partnerships and make a meaningful impact on the industry landscape.
Professor Nalin Abeysekera, Dean of the Faculty of Management at OUSL, declared that Mr. Ivan Tissera, a member of the National Procurement Commission, and Mr. I.G. Perera, a Supply Chain and Lean Management Specialist, would serve as co-chairs of The Procurement and Supply Chain Consultative Committee.
The “Procurement Planning” discussion forum was conducted with the participation of specialist panel members: Mr. Christy Perera, Advisor for National and International Procurement; Mr. Emmanuel Susitha, General Manager of Support Services at Star Garments Group; and Mr. Sameera Landekumbura, Senior Manager of Procurement at Siam City Cement Lanka Ltd. The forum was moderated by Mr. I.G. Perera, a Supply Chain and Lean Management Specialist.
In the discussion forum, participants primarily engaged in discussing timely topics related to procurement planning. The panel discussion provided insightful ideas into the procurement planning processes across various business activities. They emphasized the significance of market research in the procurement planning process and delved into the risks associated with the process, along with strategies for risk mitigation.
The conversation then shifted to current issues in the apparel industry, exploring procurement and supply chain strategies to address the challenges faced. Additionally, the panel paid particular attention to a crucial topic E-Procurement and highlighted the need for Sri Lanka to transition towards e-procurement in the future. The discussion forum subsequently focused on the sustainability of procurement planning. This discourse was enriched with expert insights, shedding light on how Sri Lanka, as a country, can develop a robust procurement system for good governance.
Furthermore, Dr. S. Sridharan, the Deputy Director General of Health Services Planning at the Ministry of Health, shared valuable practical experience in public procurement and planning. His insights not only clarified the complexities of the field but also provided a unique healthcare-oriented perspective. The exchange of ideas during the session undoubtedly broadened the audience’s knowledge, fostering a more comprehensive appreciation for effective procurement strategies in the public sector.
The workshop was honored by the presence of distinguished guests with the blessings of senior Professor P.M.C Thilakarathne, Vice Chancellor of The Open University of Sri Lanka., Professor Nalin Abeysekara, the Dean of the Faculty of Management Studies and Dr. S. Sapukotanage, Head of the Department of Marketing Management. More importantly, the entire M.Sc. program in Public Procurement and Supply Chain Management is conducted by specialists in procurement and supply chain management with international experience.
Business
AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
Business
HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”