WOQOD (Qatar Fuel and its Subsidiaries) assigned Velosi for the “Consultancy Services for Asset Physical Verification, Qualification & Quantification for WOQOD & Its Subsidiaries.”

The project’s main objective is to provide Consultancy Services related to the Physical verification, classification, categorization, qualification, and quantification of WOQOD assets.

As a result, Velosi will update and perform reconciliation of Fixed Asset Register (FAR) and Enterprise Data Management (EAM) records. In addition, Velosi will develop policies and procedures related to asset tagging, movement, and transfer of assets. As a part of the scope, the selection of software for Asset movement and tracking is to provide to WOQOD for further implementation in the next phase.

Velosi will execute the following deliverables:

• Physical Asset Verification
• Qualification and Quantification of Assets
  • Listing of newly identified assets
  • Asset Classification & Categorization
  • Verify and Update of Fixed Asset Register
  • Documentation for Integration between FAR & EAM
  • Development of Asset Tagging Procedure
  • Development of Asset Movement and Tracking Procedure
• Software Selection
  • Preparation of Statement of Need (SON) Document
  • Preparation of RFI (Request of Invitation)
  • Development of selection criteria for vendors
  • Collect information from vendors/benchmarks
  • Prepare selection and comparison template
• Implementation Preparation
  • Development of Software Implementation Project
  • Preparation of scope & tender for the implementation

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