The Fanar project was completed in May 2005; however its values are now an integral part of the way in which SABIC goes about its business. Fanar changed the way SABIC does its business.
Fanar, the Arabic word for ‘lighthouse’, is the symbol that SABIC has adopted for its global business transformation project – a pre-configured SAP package, incorporating good business practices in the chemical industry.
Fanar is about strengthening SABIC's competitiveness using information technology (IT) and by exporting good business practices to all its operations. It is about customer satisfaction, and internal and external efficiencies. Fanar has brought SABIC up to speed with the IT-driven global economy, and it will secure SABIC's future in a global marketplace that is getting tougher and more competitive by the day. The company has successfully implemented Fanar using SAP technology at the company’s headquarters in Riyadh, and in sales offices in Asia Pacific and Europe. This means that Fanar is now working over three different locations and in three different time zones.
This helps SABIC to make decisions significantly faster, increasing efficiency and reducing costs.