AIH changes its mind to use ERP system.
AIH changes its mind to use ERP system.
The «Azerbaijan Investment Holding» (AIH), which manages 12 state-owned companies and groups of various types of activities, canceled plans for the application of the Enterprise Resource Planning system (ERP) and its integration.
The procurement procedure using the request for proposals method was announced on November 27. The competition commission announced a revision of plans for the use of the ERP system after 9 working days.
The decision was justified by a strange reason: the suspension of financing of the purchase item. This happened despite the fact that the AIH announced its intention to implement the ERP system back in October 2022 through the Single Portal of Public Electronic Procurement https://etender.gov.az/main/purchase-plan/detail/7385 .
Recall that the Enterprise Resource Planning is a class of systems for managing production, human resources, finance and assets, focused on optimizing enterprise resources. -08B-
Economics
-
In a significant development for the North-South international transport route, exploration work on the Rasht-Astara railway section, which will connect Azerbaijan and Iran, is scheduled to begin in June 2024. This announcement was made by Dmitry Zverev, the Deputy Minister of Transport of the Russian Federation, during the XV International Economic Forum "Russia – the Islamic World: KazanForum 2024," as reported by TASS.
-
Azerbaijan’s once-burgeoning oil revenues are on the decline, posing a significant challenge for the nation’s economy. The State Oil Fund of Azerbaijan (SOFAZ) is projected to receive approximately $5 billion from oil sales this year, a sharp drop from previous years. In 2022, buoyed by high oil prices, revenues surged to about $10 billion. However, last year’s figures dipped to just over $6 billion, and further declines are anticipated due to decreasing production.
-
Aliya Asimova, representative of the International Finance Corporation (IFC) in Azerbaijan, outlined the organization's renewed focus on combating climate change during her address at the business forum "Raising Ambitions and Stimulating Activities: Forum Sustainable Business COP29."
-
Azerbaijan has unveiled ambitious plans to curb greenhouse gas emissions and propel its economy towards sustainable growth. Minister of Ecology and Natural Resources Mukhtar Babayev delivered this proclamation during the esteemed forum "Growing Ambitions and Incentives for Action: COP-29 Sustainable Business Forum."
Leave a review