KARACHI: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, has signed an MoU for the first-ever implementation of SAP Ariba DSN (Digital Supplier Network) and Sourcing Suite in Pakistan.
“The initiative will automate the procurement process enabling a paperless process, significantly eliminating errors and unnecessary delays, as encountered in traditional procurement to the payment process,” the company said.
The MoU was signed by Azfar Saeed Baig, Vice President Information, Byco Petroleum Pakistan and Wasil Amjad, CEO Excellence Delivered Pvt. Ltd.
Addressing the ceremony, Fayaz Ahmad Khan, Vice President Commercial Byco Petroleum, said, “Byco has always been at the forefront of innovation and implementation of processes that are in line with global best practices”.
“The deployment of SAP ARIBA DSN and Sourcing Suite will be another first by Byco as an industry leader in Pakistan. It will not only improve efficiency in procurement processes but will also promote transparency and visibility within the organization and benefit all stakeholders,” he added.
The initiative will notably enhance the company’s strategic and operational capabilities while also increasing efficiency and reducing processing time. SAP Ariba Sourcing is a comprehensive e-tendering solution to provide an easy and transparent bidding process, as well as bid evaluation. This implementation will significantly reduce turnaround time and therefore increase the overall efficiency of the company operations.