Saudi Basic Industries Corporation (SABIC) has implemented its new Global Enterprise System using SAP technology at company headquarters in Riyadh, as well as sales offices in Europe and Asia Pacific.
“The system will allow SABIC to manage all of its operations on the basis of a single, integrated set of corporate data, across all affiliates and overseas offices. It will enable faster decision making, and huge improvements in the company’s efficiency, effectiveness and cost management - for example, shorter intervals between orders and payments, reduced inventory, and improved customer service,” said Vice Chairman and Chief Executive Officer, Mohamed H. Al-Mady.
In October 2002 SABIC launched the system at its regional operation in the United States; and in April this year at its SHARQ affiliate in Al-Jubail, Saudi Arabia. The final phase of the implementation will integrate the SAP system with the creation of a Shared Services Organization, and will be rolled into SABIC’s headquarters operation and remaining affiliate companies over the next two years.
SABIC was founded in 1976, when the Saudi Arabian Government decided to use hydrocarbon gases released in the production of oil as raw material for the production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares, with the remaining 30 percent held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council (GCC). — (menareport.com)
© 2003 Mena Report (www.menareport.com)
