State oil giant Saudi Aramco is participating as a strategic sponsor at the ongoing Saudi Supply Chain Conference, being held in Saudi Arabia, and its senior official delivered a keynote address at the event.
The event which opened yesterday (November 13) will conclude later today (November 14), at the Al-Faisaliah Hotel, Riyadh.
The event was organised by the Ministry of Transportation, under the patronage of Dr Nabeel Al-Amudi.
Ahmad A Al-Saadi, Saudi Aramco senior vice president, technical services, delivered a keynote at the opening ceremony, said a statement from the company.
He said that the company is bringing expertise in managing the most complex hydrocarbon delivery chain in the world, to the commodities and services domain to achieve supply chain excellence, adding that Saudi Aramco is focusing on three key strategies: Cultivating the supply chain ecosystem, leveraging technology and innovation, and promoting localisation.
Describing the role of Saudi Aramco's Oil Supply Planning and Scheduling Operations (Ospas) Control Centre, Al-Saadi said: “Ospas monitors our entire hydrocarbon supply chain ecosystem using a sophisticated SAP technology based platform that allows integrating our mid and long term planning and scheduling activities, track the production from all our domestic refining and gas operations facilities, manage the inventories at domestic and international storage facilities using terminal management systems, and also utilises GPS technology to track the movement of trucks and oil tankers in the transport of our products.”
To further strengthen the kingdom’s capabilities and take full advantage of its unique position, Saudi Aramco has been working with various local and international entities to grow its supply chain ecosystem, it said.
For example, Saudi Aramco has partnered with Bahri, Hyundai Heavy Industries, and Campbell in the development of King Salman International Complex for Maritime Industries and Services, it added.
Saudi Aramco has always viewed technology as a key enabler to achieve highest levels of productivity in our supply chain operations.
Al-Saadi said: “Perhaps our most significant step towards leveraging technology and achieving supply chain excellence is our new eMarketplace initiative.”
“EMarketplace is an innovative business-to-business (B2B) collaborative framework to promote trading among business partners to serve the whole kingdom, and deliver core capabilities across the supply chain,” he added.
The main building block of Saudi Aramco's localisation strategy is the in-kingdom total value add (iktva) programme. A flagship programme that was launched two years ago to develop “in kingdom” services and manufacturing capabilities.
IKTVA is defined as the added value brought to the kingdom by a supplier, and is measured by the amount of spend in areas covering goods and services, training and employing Saudi nationals, research and development, as well as helping develop the capabilities of local suppliers.
Al-Saadi continued: “With IKTVA, we have established the mechanism to institutionalise local content at the heart of our supply chain processes, and made it a requirement for doing business with Saudi Aramco going forward.”
“A key enabler for this effort was the establishment of the Saudi Aramco Entrepreneurship centre, or Wa’ed, to help in turning innovative business ideas into established small to medium enterprises, through financing and incubating businesses in Saudi Arabia in various sectors relevant to our business and the society,” he concluded.
Saudi Aramco's vice president, procurement and supply chain management Abdulaziz Al-Abdulkarim also participated in a panel discussion entitled "SCM Developments in the Kingdom on the Way to Reach out Vision 2030”, it stated. – TradeArabia News Service