Qatar Petrochemical Company (Qapco), a leading petrochemical powerhouse in the region and a pioneer in petrochemical production, has teamed up with IBM and SAP for the development and implementation of an innovative enterprise resource planning (ERP) platform that will improve the company’s overall performance.

Dr Mohammed Yousef Al Mulla, vice chairman and CEO of Qapco, said:  “This collaboration with SAP and IBM will enhance our processes and operational performance, while empowering Qapco to deliver long-term, sustainable value to all its stakeholders.

“We believe the implementation of these technology solutions will translate into significant efficiency gains and strengthen our competitive advantage, ensuring we are well equipped to pursue our innovation drive and growth aspirations.”

SAP’s innovative ERP software solutions will provide Qapco with a platform that will enhance the company’s operational performance and increase business efficiencies by allowing for more streamlined processes across procurement, manufacturing, service, finance, and HR, said a statement.

Greg Abboud, managing director, SAP Gulf, said: ”After forty years in operation, Qapco is a regional petrochemical powerhouse and a vital contributor to Qatar's ongoing economic strength.  The company's success can be attributed to its strong commitment to both its people and processes, and now SAP is helping to bring those two critical assets even closer together, achieving even greater performance now and into the future.”

IBM will enable Qapco to make the most of investments in ERP software through business strategy consulting and advisory solutions, said the statement.

Its expertise in the Qatar market combined with its successful track record with SAP projects will be pivotal in supporting Qapco to realise value from the ERP project, it said.

Amir Refaat, IBM general manager, Middle East and Pakistan, said: “IBM will bring the best of its global practices and a regional services team of experts to develop a long-term strategy to help Qapco best complete this project.

“This is a key milestone in IBM’s mission to help realize a future business model for Qatar’s growing petrochemicals industry led by Qapco that is in line with Qatar’s National Vision 2030.”

Qapco will initially use the ERP technology solution to focus on operations, manufacturing and supply chain, and will place a special emphasis on its health, safety and environment (HSE) performance and processes, said the statement.

The project will facilitate business decision-making as it will provide integrated information and reporting to Qapco, as well as delivering additional solutions related to compliance management, business planning, and strategic procurement, it said.

The ERP solution will, in turn, significantly improve Qapco business processes through greater efficiencies and cost reductions, it added. - TradeArabia News Service