A consortium led by Bahrain Petroleum Company (Bapco) has signed a contract on procurement solutions and business efficiencies with the UK-based Achilles Information Limited.

The agreement was signed by Energy Minister and Bapco board chairman Dr Abdulhussain Mirza and Achilles chairman Colin Maund, on Tuesday at the Bapco guest house Al Dar in Awali.

Bapco is leading a consortium of eight of the largest industrial firms in Bahrain - Alba, Asry, Bahrain Airport Services, Tamkeen and the Bahrain Tender Board - to identify collaborative sustainable procurement solutions which will provide business efficiencies and create benefits for local economy in line with government's Economic Vision 2030.

The first project to be implemented in this initiative is the creation of a 'cloud-based' supplier development software solution to enable the consortium to collect and manage accurate supplier information, develop supply chain efficiencies, reduce risk, improve quality and drive local supplier development initiatives.

Speaking on the occasion, Dr Mirza said Achilles, as one of the world's leading managers of supplier information, was an ideal partner.-TradeArabia News Service