Roadshow stresses importance of JSRS certification for oilfield suppliers

The pivotal importance of the Joint Supplier Registration System (JSRS) as an online platform bringing together Omani suppliers for industry level procurement opportunities was highlighted at a recent roadshow organised by businessgateways, the implementer of JSRS, at Knowledge Oasis the Muscat (KOM).

Emphasising the strength of interest in the platform, more than 140 executives representing Oman’s Oil & Gas Operators, Main Contractors, and Omani SMES attended the event.

The Joint Supplier Registration System (JSRS) is a ‘single window’ industry level supplier certification system initiated by Oman Ministry of Oil and Gas that is built and operated by businessgateways hosted on the portal www.businessgateways. com. Suppliers of products and services must mandatorily be Jsrscertified in order to bid for tenders floated by any of Oman’s Oil & Gas operators.

JSRS’S popularity as a credible procurement platform has also seen the formation of the Buyers Community which consists of large corporate buyers from other industries also, who now use the JSRS Certified suppliers for their regular procurement. Since the project’s initiation in 2014, the JSRS has attracted more than 7,000 suppliers from Oman and 90-plus other countries.

The JSRS Roadshow conducted by businessgateways was aimed in particular to highlight the opportunities for Jsrs-certified Omani SMES who stand to benefit from a percentage of the value of contracts exclusively earmarked for small businesses under the Ministry of Oil & Gas In-country Value (ICV) programme.

ICV eligible firms also enjoy a pronounced visibility and opportunity in the Contracts engaged by the Main Contractors as part of the supply chain process. The success of the ICV programme in fuelling SME development in the Oil & Gas industry has prompted other industrial and economic sectors to embrace this initiative as well.

The JSRS Roadshow is the latest in a series of interactions organised by businessgateways to actively engage with the Oman’s supplier community with the aim of driving home the paramount importance of being JSRS Certified, as a prerequisite for bidding for supply and service contracts.