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Redefining Oil and Gas Procurement Using AI (Artificial Intelligence) : Driving Strategic Procurement in the New Normal
The Oil and Gas (O&G) industry has fallen on hard times. The COVID-19 pandemic, coupled with extreme volatility in crude oil and gas prices, has been nothing short of the perfect storm for energy โcompanies.
As a result, O&G firms must build robust supply chain resilience and have access to strategic procurement intelligence to mitigate risks and optimize strategies, leveraging procurement in oil and gas industry using AI.
This whitepaper explores how Artificial Intelligence (AI) can be leveraged in Oil and Gas procurement process in the form of a specialized Source-to-Pay (S2P) procurement software suite to sharpen their supply chain visibility, automate tasks for enhanced efficiency, and redirect focus toward strategic initiatives.
The whitepaper on โOil and Gas procurement using AIโ covers:
- Navigating the Procurement pandemonium
- Getting procurement right in the new normal
- Optimizing procurement using AI-driven automation
- Success Story of a global O&G firm
- Cognitive Procurement
Resource
The Oil and Gas (O&G) industry has fallen on hard times. The COVID-19 pandemic, coupled with extreme volatility in crude oil and gas prices, has been nothing short of the perfect storm for energy โcompanies.
As a result, O&G firms must build robust supply chain resilience and have access to strategic procurement intelligence to mitigate risks and optimize strategies, leveraging procurement in oil and gas industry using AI.
This whitepaper explores how Artificial Intelligence (AI) can be leveraged in Oil and Gas procurement process in the form of a specialized Source-to-Pay (S2P) procurement software suite to sharpen their supply chain visibility, automate tasks for enhanced efficiency, and redirect focus toward strategic initiatives.
The whitepaper on โOil and Gas procurement using AIโ covers:
- Navigating the Procurement pandemonium
- Getting procurement right in the new normal
- Optimizing procurement using AI-driven automation
- Success Story of a global O&G firm
- Cognitive Procurement
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