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