DAMMAM, 17 April 2003— The Eastern Petrochemical Company (SHARQ), an affiliate of Saudi Basic Industries Corp. (SABIC), yesterday celebrated the successful implementation of their Enterprise Resource Planning and Systems Applications Products software — known as ERP/SAP.
ERP/SAP is a new technology infrastructure that facilitates efficient inter-subsidiary trading processes with real-time reporting and analysis for effective business performance tracking. It allows SABIC to achieve significant cost savings by reducing inventory through tight integration between the production, sales, procurement, and accounting processes of the company’s many subsidiaries and affiliated business partners around the globe.
SHARQ is the first SAPIC location in Saudi Arabia to “go live” with the ERP/SAP software.
