Quadrem News
Bahrain Petroleum Company Selects Quadrem as E-Business Partner
Quadrem was selected following a Public Open Tender, placed in
A BAPCO spokesman explained that implementation of e-tendering and e-procurement solutions is part of an overall BAPCO initiative to improve efficiencies, reduce costs and provide extended transparency in procurement, and will support e-government initiatives and Tenders Board regulations.
BAPCO Tenders and Purchase Orders will be transmitted electronically via Quadrem's secure platform to participating suppliers and contractors. Recipients will then send Acknowledgements and Bid Responses back electronically to BAPCO, closing the loop. He stated that Quadrem has a very high standard of data security and encryption, which will ensure the confidentiality of supplier and contractor information.
The first phase implementation should enable process efficiencies, improved communication and cost savings for all parties and will address the needs of local suppliers and contractors. Supplier Engagement Workshops are planned over the coming months for suppliers and contractors who are asked to participate in the pilot phase.
On successful completion of this phase, BAPCO plans to extend e-procurement into a full long-term solution, in order to provide a global roll-out of the e-tendering and e-procurement initiative to all its suppliers and contractors. BAPCO is fully committed to a long-term electronic procurement strategy and believe there are many benefits to be gained for both BAPCO and its suppliers and contractors in using electronic processes in the Supply Chain.
Quadrem established its
SOURCE Quadrem
