With persistent global uncertainty about output levels, demand and pricing, reducing costs and third party spend is crucial for traditional Oil, Gas and Energy companies to stay profitable.
Production and operations in the oil, gas and energy sector are typically high-cost, high-risk and capital-intensive. Effective management of safety, deep collaboration with field suppliers and engineers, and reducing supplier risk is crucial to optimizing performance. Procurement professionals in Oil, Gas and Energy companies require governance to ensure contract compliance, adherence to processes and develop sustainable supplier relationships.
Further, strategic procurement teams can drive significant value across the entire organization by enabling stakeholders to take a project approach to site development, engineering and construction activities. A solution that can streamline complex sourcing activities, increase transparency and efficiency in procure-to-pay processes crucial to process excellence.
For a power generation company
Online Contracts or a major Oil & Gas company
Spend under Management
Actions and Savings Plans by a environmental services company
with 30+ SAP systems
— Renaud Perriguey – EPC Business Project manager