Oil and Gas
|Procurement Solutions for Oil and Gas industry|
Global market conditions for oil & gas companies could not be more demanding. But if the challenges are numerous, so are the opportunities for procurement and supply management teams to affect business performance in positive ways. Zycus is here to help. We offer customized solutions that are highly attuned to the oil & gas industry’s unique requirements and challenges.
Procurement Performance Impact
360-degree spend visibility combined with intelligent sourcing gives oil & gas industry procurement teams enormous power to maintain price competitiveness, increase profitability, minimize exposure to risk, accelerate cash flow and capture innovation from a global base of suppliers and contractors.
Disciplined and thorough contract and supplier management empowers oil & gas procurement teams to affect such business performance levers as operating costs, plant up-time, return on capital, on-time/on-budget completion of capital projects, regulatory compliance and safety. The solutions also enable oil & gas companies to transition away from traditionally adversarial and risk-shifting supply relationships to controlled collaborations that can permanently remove risks from supply chains.
|How Zycus Solution Can Help
With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as oil & gas, Zycus offers both standard and custom spend taxonomies that can be leveraged to accelerate analysis and drive classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution (iAnalyze, iMine, iCost) empowers oil & gas companies to:
The Zycus e-Sourcing solution is built for speed, collapsing sourcing cycle times to enable oil & gas companies to take full advantage of favorable commodity market conditions as they arise and drive to true market pricing using live e-auctions. Capable of modeling competitive sourcing events for everything from simple commodities to highly complex major subcontracts, the Zycus e-Sourcing solution (iSource, iManage) empowers oil & gas companies to:
With its unique blend of supplier information management, performance management and collaborative performance improvement capabilities, the Zycus Supplier Management solution (iSupplier, iPerform) is a perfect fit for the oil & gas industry. The solution enables procurement to:
The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers oil & gas industry procurement teams to: