Lanka IOC goes for SAP

27-Jan-2008By Lankika Ellepola

System applications products for data processing (SAP) are to be implemented as the enterprise resource planning (ERP) system in the Ceylon Petroleum Storage Terminals Limited (CPSTL).This implementation will cover its business partners and shareholding companies Ceylon Petroleum Corporation and Lanka IOC PLC. Indian Oil Corporation Limited (IOC) will consult in this process, to implement the SAP solution in these three companies.SAP is been chosen after carefully assessing the strengths of the system. The system is well recognized as leading ERP software globally and more than 500 organizations all over the world in Oil and Gas sector have deployed SAP as ERP software. The ERP system once implemented, will lead to online connectivity between all locations of three companies, real time data availability through the integrated network, concurrent updating of data, uniformity in coding of assets, customers, suppliers, centralized controls and ease in obtaining vital management information for better decision making.The project Indianoil will run this project and will be completed in one year’s time starting from the 16th of January 2008. The project will be done in two phases, first being to cover identification and procurement of hardware and network components, and the system implementation will take in the second step.