About Crescent Petroleum
Crescent Petroleum, founded in 1971 and headquartered in Sharjah, UAE, is the region’s oldest and largest private upstream oil and gas company. As a key player in the energy sector, Crescent Petroleum sought to modernize its procurement operations to ensure streamlined processes and better supplier collaboration.
Business Requirement
Crescent Petroleum required a comprehensive solution that would address three key areas of procurement:
- Vendor Registration/Onboarding: A seamless process for onboarding and managing suppliers.
- Sourcing: Efficient identification and selection of suppliers for procurement activities.
- PO Collaboration and Invoicing: Collaborative purchase order processes and invoicing for greater accuracy and operational efficiency.
Implementation Highlights
We customized the SCH Supplier Solution specifically to meet Crescent Petroleum’s unique needs. The solution was fully tailored based on the company’s ideas and operational requirements, ensuring a perfect fit for their procurement processes.
The implementation was executed with the following key customizations:
- Vendor Grouping and Pre-Qualification: For the vendor registration module, we introduced submodules such as Vendor Grouping and a Pre-Qualification process to ensure that suppliers met Crescent Petroleum’s stringent requirements before onboarding.
- Project Plan for Sourcing: For the Sourcing module, a project plan feature was added to allow better tracking and management of sourcing activities, ensuring alignment with procurement strategies.
- CRUD Operations for Master Data: A user-friendly interface (UI) was developed for all CRUD (Create, Read, Update, Delete) operations, simplifying the management of all master data within the system.
The Results
- Enhanced Vendor Registration: The addition of Vendor Grouping and Pre-Qualification ensured that suppliers met necessary criteria before being onboarded, streamlining the process and improving compliance.
- Sourcing Efficiency: With a custom project plan feature, sourcing activities became more structured and efficient, allowing Crescent Petroleum to quickly and effectively identify the best suppliers.
- Improved Data Management: The UI for CRUD operations on all master data provided a simple and intuitive way to manage critical procurement data, enhancing accuracy and control.
- Additional Add-ons: Along with the core modules, Crescent Petroleum benefitted from additional features that supported their unique operational requirements, such as advanced reporting and analytics.
- By implementing a fully customized SCH Supplier Solution, Crescent Petroleum transformed its procurement processes, achieving greater efficiency, supplier compliance, and data management. This tailored solution not only met the company’s current needs but also provided a scalable framework to support future growth in the dynamic energy sector.
