Doha, Qatar – 24 November 2014: Qatar Petrochemical Company (QAPCO) Q.S.C., one of the leading petrochemical powerhouses in the region and a pioneer in petrochemical production, announced strategic relationships with both IBM (NYSE:IBM) and SAP (NYSE: SAP) for the development and implementation of an innovative enterprise resource planning (ERP) platform that will improve the company’s overall performance.
“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,” said Dr. Mohammed Yousef Al Mulla, Managing Director and CEO of QAPCO. “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 cutting-edge 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.
“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,” said Gergi Abboud, Managing Director, SAP Gulf.
IBM will enable QAPCO to make the most of investments in ERP software through business strategy consulting and advisory solutions. IBM’s deep expertise in the Qatar market combined with its successful track record with SAP projects will be pivotal in supporting QAPCO to realize value from the ERP project.
“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,” said Amr Refaat, IBM General Manager, Middle East and Pakistan. “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.
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. The ERP solution will, in turn, significantly improve QAPCO business processes through greater efficiencies and cost reductions.
In alignment with its commitment to continuous improvement, QAPCO strives to adopt the latest technology and implement best practices.