رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

Rich Bake Partners with Teradix for End-to-End Digital Procurement Transformation

 Teradix, a leading Egyptian SaaS provider of digital procurement and sourcing solutions, has announced a strategic partnership with Rich Bake, one of Egypt’s largest bakery manufacturers, to implement a full-scale digital transformation across its procurement operations.

The collaboration builds on the success of an initial deployment of Teradix solutions within Rich Bake’s procurement function and aims to extend the program into a multi-phase transformation.

The initiative focuses on automating sourcing workflows, enhancing supplier engagement, strengthening governance, and increasing operational transparency, enabling faster decision-making and improved efficiency across the organization.

Procurement as a Strategic Driver of Growth

With Rich Bake expanding its manufacturing facilities and distribution network, procurement has become a central lever for operational efficiency, cost management, and sustainable growth.

“Rich Bake is undergoing continuous growth and transformation,” said Gilbert Hobeika, CEO of Rich Bake. “Partnering with Teradix allows us to bring transparency, speed, and structure to our sourcing operations, directly supporting our strategic objectives.”

The partnership highlights a broader trend among Egyptian manufacturers embracing digital solutions to enhance competitiveness and governance across their operations.

From Digital Tools to Operational Excellence

This initiative is designed to deliver operational improvements, not just technology adoption. Teradix supports Rich Bake across all key sourcing activities, including requests for quotation (RFQs), online and reverse auctions, structured supplier engagement, and performance monitoring, all within a unified platform that ensures consistent processes across factories and teams.

Loaay Aly, Supply Chain Director at Rich Bake, added: “Our goal was not only automation, but complete transparency and control over every step in procurement. Teradix combined technology, hands-on support, and change management to help us manage complexity while maintaining speed and efficiency.”

Measurable Impact and Future Roadmap

Teradix’s approach emphasizes scalable procurement operating practices through collaboration with leadership, procurement, and supply chain teams, ensuring adoption, governance, and measurable business outcomes. Khaled Aboshady, CEO of Teradix, commented: “We are more than a technology provider.

We partner with clients throughout the transformation journey—from people and processes to data and technology—to convert digital procurement initiatives into tangible, measurable results.”

The Teradix platform enables Rich Bake to enhance supplier transparency, accelerate sourcing cycles, improve performance visibility, and identify cost-saving opportunities. Future phases may include AI-powered supplier discovery, sourcing optimization, inventory surplus management, and expanded supplier collaboration frameworks, creating a foundation for long-term innovation in procurement.

This strategic partnership underscores the growing importance of digital procurement solutions in Egypt’s industrial sector and positions Rich Bake at the forefront of innovation in sourcing and supply chain management.

Rich Bake Joins Forces with Teradix to Revolutionize Procurement Digitally

Teradix, a leading Egyptian provider of digital procurement and sourcing solutions, announced a strategic partnership with Rich Bake, one of Egypt’s largest bakery manufacturers, to expand its initial procurement digitization deployment into a comprehensive, multi-phase digital transformation program across the company’s sourcing operations.

Digital Procurement as a Strategic Growth Driver

With Rich Bake’s ongoing expansion of manufacturing plants and distribution networks, digital procurement solutions have become a key lever for operational efficiency, cost management, and supplier transparency.

Gilbert Hobeika, CEO of Rich Bake, stated:
“Our company is undergoing continuous growth and transformation. Partnering with Teradix enabled us to implement transparency, speed, and structure in our procurement operations, directly supporting our strategic objectives.”

.This initiative reflects a wider trend in Egypt’s manufacturing sector, where digital procurement is increasingly used to enhance governance, efficiency, and competitiveness

Operational Transformation Beyond Automation

The partnership focuses on operational change in procurement, not just software deployment, by standardizing workflows, strengthening governance, and enabling cross-functional collaboration.

The Teradix platform will support Rich Bake in key sourcing activities, including:

  • Requests for Quotation (RFQs) and e-tendering
  • Reverse auctions to drive cost savings
  • Comprehensive supplier management
  • Data-driven performance visibility and analytics

Loaay Aly, Supply Chain Director at Rich Bake, added:
“We wanted more than automation; we needed full visibility and control over every step of procurement. Teradix combined technology with hands-on support and change management, allowing us to manage complexity across multiple factories efficiently.”

Teradix’s Approach to Scalable Digital Procurement

Teradix’s methodology centers on building scalable procurement operating models through close collaboration with leadership, procurement teams, supply chain, and IT departments, ensuring adoption, governance, and measurable results.

Khaled Aboshady, CEO of Teradix, said:
“Our goal is not simply to deploy technology but to act as a strategic partner throughout the full transformation journey—from people and processes to data and technology. With Rich Bake, we are turning digital procurement from ideas into tangible business outcomes.”

Strategic Benefits of the Teradix Platform

By leveraging Teradix’s platform, Rich Bake gains:

  • Full transparency across supplier interactions
  • Accelerated procurement cycles and standardized workflows
  • Data-driven analytics to measure performance and identify cost-saving opportunities
  • Financial savings through reverse auctions and structured negotiations
  • Flexible, scalable technology infrastructure supporting advanced solutions, including AI

Future Roadmap for Procurement Innovation

The partnership roadmap includes future enhancements such as:

  • Full procurement automation
  • AI-enabled supplier discovery and sourcing optimization
  • Surplus inventory management and monetization
  • Strengthened supplier collaboration frameworks

This strategic partnership exemplifies how digital procurement transformation can move from conceptual planning to measurable operational and financial impact, positioning Egyptian enterprises like Rich Bake for global competitiveness.

Teradix Secures $140,000 Grant from TAQADAM Accelerator Program to Fuel Expansion into Saudi Market

Teradix Secures $140,000 Grant from TAQADAM Accelerator Program to Fuel Expansion into Saudi Market

Cairo, Egypt – November 5, 2024: Teradix, a leading provider of innovative eProcurement solutions in MENA,

announced that it has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator program

at King Abdullah University of Science and Technology (KAUST)

to revolutionize procurement processes in the Saudi market.

The funds secured from the TAQADAM Accelerator program will be pivotal in supporting Teradix’s strategic

expansion into Saudi Arabia.

With a focus on enhancing its eProcurement solutions,

Teradix aims to drive growth, streamline procurement processes,

and deliver unparalleled value to clients in the region.

Teradix offers a comprehensive suite of intuitive procurement solutions

Teradix offers a comprehensive suite of intuitive procurement solutions designed to boost savings

and streamline operations for businesses of all sizes.

The platform enables seamless management of spending from requisitions to contracts,

ensuring every step of the procurement process is efficient and user-friendly.

With innovative sourcing tools, including simple RFQs and advanced reverse auctions,

organizations can achieve significant savings on every procurement request.

Teradix also enhances supplier engagement by consolidating interactions in one centralized location,

fostering better collaboration and communication.

Additionally, their customizable dashboards and reports provide effective insights and analytics,

empowering businesses to make informed decisions and optimize their procurement strategies.

Khaled Aboshady, Co-Founder and CEO of Teradix, expressed his excitement about the milestone, stating,

“Winning this grant from the TAQADAM Accelerator program is a testament to our team’s sheer focus and efforts.

It not only validates our innovative approach to eProcurement but also provides us with the vital resources

to expand our presence in the Saudi market and deliver unparalleled value to our clients in the Kingdom.”

Teradix’s entry into the Saudi market ushers in a new chapter on its journey towards transforming procurement

practices and fostering digital innovation in the region.

The company is poised to leverage this grant to accelerate its growth trajectory

and solidify its position as a key player in the eProcurement space.