Wednesday June 19, 2024

Byco begins e-procurement

By Our Correspondent
July 15, 2021

KARACHI: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, has signed an agreement for the first-ever implementation of SAP Ariba DSN (Digital Supplier Network) and Sourcing Suite in Pakistan, a statement said on Wednesday.

“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.” Khan said it would not only improve efficiency in procurement processes but would also promote transparency and visibility within the organisation and benefit all stakeholders.