Procurement Software for Oil and Gas Industry

There is a global race underway.

And the players are competing to exploit a broad and fast-moving array of energy-sector technological innovation across exploration, extraction, processing and transport functions.  Oil & Gas companies with the fastest, most agile and intelligent procurement and supply management operations will be best positioned to win competitively. Complex capital and technology acquisition initiatives demand ingenuity and precision in project lifecycle planning and execution throughout global supply networks. Oil & Gas industry procurement and sourcing leaders will be required to:

  • Ensure robust supplier network design and risk contingency planning, starting very early in project lifecycles.
  • Immunize their organizations against regulatory, health, safety, environmental, disruption and other types of risks.

The Oil & Gas industry needs to maximise operational agility as well as supply-chain continuity and transparency. Rapid and comprehensive strategic sourcing, acquisition and management of market and business intelligence and collaboration, controls and compliance in ever-expanding global networks for third-party relationships will be crucial in exploiting new market and technological opportunities.

Abilities to plan and execute long-term spend strategies and to mine and draw sense from vast quantities of data using intelligent engines will be key differentiators enabling rapid adoption of key energy sector innovations.

 

To read about our procurement solutions for the oil and gas industry, download brochure

 

Oil and Gas Industry Challenges

The strategic importance of sourcing, procurement and supply management has risen manifold with challenges encompassing:

  • Needs for a reliable knowledge and analytics ecosystems to handle vast quantities and scopes of capital project data.
  • Multiple risk factors related to workforce scarcity, stakeholder community, cyber-security, regional regulatory stringency and variability and global price volatility.
  • Increasing requirements for speed, agility and precision as energy companies compete to extract profits and advantage from the plethora of industry innovation opportunities now underway.

How We Can Help

Our next-generation, customizable source-to-pay procurement suite with its intelligent and intuitive platform is designed to help you drive business performance improvement.

Our advanced SaaS solutions empower decision making, automate high-volume processes and enable sophisticated parametric analyses while ensuring that procurement ROI is translated to organizational performance metrics.


  • Use our artificial-intelligence powered SPEND ANALYSIS solution to create up-to-date, granular visibility into all categories of spending worldwide and to manage spending in context of global commodity market-price movements. Read More
  • Use STRATEGIC SOURCING to dramatically accelerate complex sourcing and supply network design initiatives. The solution facilitates extensive cross-functional, cross-regional collaboration across all sourcing stages (from requirements definition through reward) and can handle entire spectrum from simple categories to sourcing initiatives comprising tens of thousands of line items. Read More
  • Use SUPPLIER MANAGEMENT to expand and accelerate supplier discovery and onboarding and to manage critical supplier audit, certification and safety credentials. Model custom KPIs and KPI-weighting systems to optimize ongoing supply-risk assessment & mitigation and supplier performance management & development activities consistently and systematically across multiple geographies. Read More
  • Use CONTRACT MANAGEMENT to rapidly build, negotiate and execute creative contracts, containing all necessary terms related to safety regulation, policy compliance and risk avoidance. Effectively manage dynamic pricing and location terms across complete contract lifecycles. Read More
  • Use FINANCIAL SAVINGS MANAGEMENT to align procurement with both bottom- and top-line business performance objectives and to document and demonstrate how sourcing, procurement and supply management is helping the enterprise to win the great innovation race currently underway in global energy markets.
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  • Use PROCURE-TO-PAY to streamline and speed up requisition and purchase order workflows, free internal talent to focus on supporting key innovation initiatives and to monitor and drive compliance to preferred supplier contracts, terms and conditions. Read More

To have a look at our product, view demo

Customer Success Stories

Hear what our customers say about how they are benefitting from our source-to-pay suite.
Browse through some of our customer case studies and videos:

A Fortune 500 Energy Company adds Zycus' Supplier Performance Management solution

A Fortune 500 Energy Company adds Zycus' Supplier Performance Management solution

Read the case study to understand how Zycus' Supplier Management Solution helped a Fortune 500 Energ...

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The Processor Driving Procurement Performance at Advanced Micro Devices (AMD)

The Processor Driving Procurement Performance at Advanced Micro Devices (AMD)

Faced with major changes in the traditional computing markets, 2012 proved to be a challenging year ...

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Leading American Biotechnology Company employs Zycus Suite of Solutions

Leading American Biotechnology Company employs Zycus Suite of Solutions

With a transactional role of global sourcing and a 20% - 50% span of control, meeting key business n...

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Resources

“Today knowledge has power. It controls access to opportunity and advancement.” – Peter Drucker

We believe in empowering organization through procurement knowledge sharing. We have a huge resource of different whitepapers, webinars and research reports to help you make sense of yesterday and prepare for tomorrow. Go ahead and read about or listen to what the experts say.

 

Purchasing technology for the 2016 CPO - The Supply Business webinar

Purchasing technology for the 2016 CPO - The Supply Business webinar

The pace of technology development continues to get faster and applications only become much more powerful and sophisticated. What will the market look like in...

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The Evolution of Spend Analysis and the Rise of Big Data

The Evolution of Spend Analysis and the Rise of Big Data

Spend Analysis can bring about 30% - 50% process cycle reduction by refocusing on sourcing and strategic tasking, among the many other benefits, as per Aberdeen Study...

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