OQ, the global energy investment group, achieved a major milestone in procurement transformation by becoming the first company in Oman to integrate the United Nations Standard Products and Services Code (UNSPSC) across both its material master and vendor management systems within the "Tawreed" platform.

The UNSPSC is a globally recognised taxonomy developed by the United Nations Development Programme (UNDP) in collaboration with international institutions. Its adoption enables standardised classification of products and services, helping organisations improve data quality, reduce procurement errors, and optimise financial decision-making. This pioneering move marks a significant step in modernising procurement operations, strengthening data governance, and enhancing supplier lifecycle management.

By embedding UNSPSC into its SAP system and supplier records, OQ has established a unified classification framework that improves spend transparency, streamlines sourcing, and advances digital integration across its procurement ecosystem. “The integration of the UNSPSC system represents a strategic transformation in the way we manage procurement at OQ,” said Sabrina Al Bakri, Chief Financial Officer at OQ. “It reflects our ongoing commitment to innovation and institutional excellence, while enhancing the efficiency of our internal operations. By adopting this global classification framework, we are strengthening governance, improving data accuracy, and reinforcing transparency.” She added that this project is a key outcome of OQ’s digital transformation strategy and is fully aligned with the objectives of Oman Vision 2040, which emphasizes the importance of governance, transparency, and the adoption of intelligent systems in institutional management. It reinforces OQ’s position as a leading enterprise contributing to the advancement of Oman’s business environment.

For OQ, this integration is a strategic enabler; by aligning procurement practices with global standards, OQ is now better equipped to drive supplier efficiency, conduct deeper spend analysis, and unlock greater value through strategic sourcing. The initiative also reduces data duplication, simplifies onboarding, and enables more consistent and accurate supplier evaluations. The implementation of UNSPSC supports OQ’s broader efforts to transform enterprise-wide operations through digitisation, innovation, and data-led decision-making which further strengthens its role as a national leader in sustainable, tech-driven growth.