Turkey Finans Becomes the Sole Financial Institution in Turkey to Obtain “CIPS Corporate Procurement Certification”

Turkey Finans has achieved a significant milestone by becoming the sole financial institution in Turkey to receive the prestigious “CIPS Corporate Procurement Certification” from CIPS (The Chartered Institute of Procurement & Supply). This certification validates Turkey Finans’s alignment with international standards in procurement functions, processes, and practices, demonstrating its commitment to excellence in procurement management.

The Genesis of the Certification

Founded in 1932 in the UK, CIPS is the world’s largest professional and accreditation body, serving to ensure excellence in procurement and supply chain management with over 64,000 members in 180 countries. Turkey Finans has earned the Corporate Procurement Certification, which is awarded by CIPS to recognize organizations’ proficiency in procurement and supply chain management.

Evaluation Process and Criteria

The comprehensive evaluation conducted by CIPS, spanning approximately 5 months, assessed Turkey Finans across five main categories and 98 different global standards, including Leadership and Organization, Strategy, People, Processes and Systems, and Performance Measurement and Management. This rigorous assessment scrutinized Turkey Finans’s procurement processes and practices against international benchmarks.

Alignment with International Standards

With the CIPS Corporate Procurement Certification, Turkey Finans has demonstrated its compliance with the international excellence program for procurement. This certification serves as evidence of Turkey Finans‘s adherence to international standards in procurement functions, processes, and practices. The certification is awarded to only 171 companies globally and six in Turkey, making Turkey Finans the sole financial institution in Turkey to hold the CIPS certification.

Presentation Ceremony

During a ceremony held at Turkey Finans Headquarters, Mr. Cihangir Ünverdi, the Procurement Manager of Turkey Finans, accompanied by the Procurement team and Mr. Mete Mehmet Kanat, Deputy General Manager of Finance and Strategy, received the CIPS Corporate Procurement Certification from Mr. Faruk Demir, the Country Manager of CIPS.

Addressing the audience at the ceremony, Mr. Mete Mehmet Kanat, Deputy General Manager of Finance and Strategy at Turkey Finans, remarked, “The CIPS Procurement Excellence Program provides an independent and comprehensive evaluation of the procurement function, designed and delivered by leading experts. Achieving this globally recognized award is a testament to the high performance of our procurement function. The CIPS Procurement Excellence Program Certification demonstrates that organizations have robust and effective governance in place for procurement, supply assurance, and compliance. It is truly an honor for Turkey Finans to meet these global standards and be awarded this certification.”