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SAP Ariba network introduced to STO to support supplier transactions

Malika Shahid
20 January 2023, MVT 18:45
STO's Senior General Manager Ahmed Shifan launches the Ariba network -- Photo: Fayaaz Moosa
Malika Shahid
20 January 2023, MVT 18:45

SAP Ariba network, which is used by various companies around the world for business transactions, has been introduced to State Trade Organization (STO).

The network was introduced to STO for transactions between the company and its suppliers.

The network was launched by the company's Senior General Manager Ahmed Shifan at a special ceremony.

STO's Procurement Department General Manager Abdul Wahid Moosa said the network will expedite five days of procurement work into five hours. Work will be transferred to the network after giving all necessary information to suppliers about the network and become familiar with it, he said.

STO's Procurement Department General Manager, Abdul Wahid Moosa speaks about the Ariba network -- Photo: Fayaaz Moosa

Wahid also mentioned the importance of such a network and the difficulties caused by the absence of it.

"We now communicate with suppliers through email. There is a lot of miscommunication and misplaced mail during different stages of the work process has caused a lot of difficulties. This network is the solution to all of that. He explained.

The GM said the company had made a revenue of more than MVR 15 billion last year alone and deals with a large number of suppliers. Moving the works to such a network will create work transparency and both parties can easily monitor the work progress, he said.

During the ceremony, Hussain Ali, STO's Procurement Manager, gave a presentation on the Ariba Network and shared information on how to use it.

STO's Procurement Manager, Hussain Ali giving a presentation on how to use the Ariba network -- Photo: Fayaaz Moosa

The Ariba network is a cloud-based online network, through which all necessary transactions with suppliers can be carried out. The network will also allow for opening of bids, submission of bids, submission of quotations, order confirmation and delivery notifications.

Suppliers will not have to pay a fee to use the network.

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