PTP cuts procurement costs

News-in-print

The Port of Tanjung Pelepas (PTP) has drastically reduced its procurement costs by moving to a vendor managed inventory (VMI) system and contracting out spare parts procurement to Kinetics Link Services (KLS) Sdn Bhd, a joint venture between Singapore Technologies Engineering’s subsidiary SDDA Pte Ltd (60%) and Malaysia’s IT Portlink Sdn Bhd (40%).

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