Qatar Steel Company (QASCO) is set to automate several of its core business processes as part of a new Oracle-based e-business strategy. Under the scheme, QASCO will implement Oracle E-Business Suite integrated modules including accounting, purchasing, order management, discrete manufacturing, asset management and human resources.
The centralization and automation of QASCO's information assets is aimed at increasing the company's business intelligence and efficiency as it targets production of more than 700,000 tons of steel products per annum.
QASCO's e-business transformation encompasses several key business objectives, including recognizing and managing the organization's key financial drivers, streamlining business processes, establishing a central data model, reducing transaction processing costs and cycle times, and ultimately providing QASCO customers with high quality products and efficient service. .
“The Middle East's demand for steel products is increasing, partly because of the continued development of the construction industry. QASCO itself is also witnessing growth in its local and overseas export business due to highly favorable economic conditions in the State of Qatar, and because the company provides high quality products at competitive prices. In order to capitalize on these opportunities, QASCO needs to boost its productivity and streamline core business processes, which we can achieve through the company's new e-business focus,” commented QASCO's General Manager Shaikh Nasser Al-Thani.
“As the Middle East diversifies beyond its oil-based economy, organizations like QASCO increasingly become regional and global industry leaders that require the latest Information Technology (IT) solutions to increase their competitiveness and enhance profitability,” noted Husam Dajani, vice president for Oracle Middle East.
Qatar Steel Company Ltd. (QASCO) is the first integrated steel plant in the Arabian Gulf. QASCO was established in October 1974. Commercial production of QASCO started in 1978. Since then, QASCO has increased its production lines with sponge iron, then molten steel, followed by billets and ending with reinforcing steel bars.
Oracle Corporation is the world's largest enterprise software company. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
