Enterprise software maker SAP is partnering with Saudi Arabian Oil Co. (Saudi Aramco) to create a new solutions platform to efficiently manage bids, and connect and collaborate with thousands of global suppliers, according to a company statement.

 

The deal will make it Saudi Arabia’s first company that will run solutions on the SAP Cloud Hub, which will launch shortly as part of SAP’s four-year SAR 285 million investment plan in the Kingdom.

 

Using SAP Ariba, Saudi Aramco can capitalize on several solution functionalities, including e-Bidding, e-Sourcing, Contracts Life-Cycle Management and Supplier Onboarding, to create a collaborative supply chain environment that will enhance supply chain efficiency and open wider business opportunities for the local and regional supplier-base.

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