Oil and Gas

Despite being one of the most powerful and robust industries with high stakes in shaping global economies, oil and gas procurement is confronted by major headwinds in the form of supply chain snags.

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Challenges faced by the procurement team

Maintain supply efficiency amid extreme volatility

High vulnerability to even the slightest changes in market conditions puts a great deal of strain on procurement teams to ensure timely delivery of products and services.

  • Unlock innovative approaches to proactively detect supply chain hindrances by collaborating with our experts
  • Reap the benefits of our supplier intelligence solutions to decipher the complexities associated with multi-tier supplier networks
  • Benchmark suppliers against industry standards to identify the potential bottleneck, be it operational, regulatory, or financial; our solutions will also highlight appropriate remedial measures for the same
Connect now Maintain supply efficiency amid extreme volatility
Reduce cost, embrace clean energy

With investors placing equal emphasis on cost optimization, sustainability, and product/service quality, technology-enabled cost modeling solutions could be the key differentiator.

  • Leave no stone unturned when it comes to identifying cost-saving opportunities with the help of our pragmatic and exhaustive cost analysis
  • Increase your awareness of suppliers’ pricing and engagement models with our supplier intelligence solutions to ensure you get maximum value for your purchase
  • Stay up to date with the latest regulatory changes and ESG trends to ensure compliance across all tiers of the supply chain
Connect now Reduce cost, embrace clean energy
Effectively manage risk

Quality concerns, shortage of human resources, and poor supplier management top the list of major challenges faced by procurement teams today. They must be thoroughly prepared to act fast, which is where we step in!

  • Our seasoned analysts will ensure your procurement teams are equipped with accurate insights to frame the right contingency plans and ensure business continuity
  • Evaluate existing and potential risks associated with each supplier using our supplier risk analysis to take corrective action and strengthen overall supplier relationship management
  • Monitor the latest developments related to risk management tools, which you can leverage to further reinforce supply chain resilience
Connect now Effectively manage risk

Industries

Oil and Gas Field Services

Oil and Gas Field Services

Oil and Gas Field Services

The growth of the oil and gas industry presents opportunities, but market participants must also contend with increasing technology and equipment costs.

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Countering price volatility and inevitable supply chain disruptions do not have to be as disconcerting as you think.

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Featured Case Study

A North American oil and gas player decodes future cost trends and growth prospects

Challenge: Oil and gas players are sure to see diminishing returns unless they manage to resolve supply chain complexities and spend dollars only as planned. By breaking down costs into their constituents, the client hoped to discover more avenues for cost optimization. Our experts have significant experience in successful cost analysis, so the company chose to lean on this expertise.

Solution: Our team researched cost components at a granular level, covering historical trends and projections for the future. The experts also considered how various cost characteristics have changed over time.

Result: The oil and gas client has since standardized procurement costs while eliminating inefficiencies, and this has given productivity a leg up.

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Dig Deeper with "SE Insights" Procurement Reports

Gathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.

Industry Resources

Overview of Portfolio Analysis for Oil and Gas Companies

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Standardizing Procurement Costs in Oil & Gas Using a Cost Analysis Template – Case Study

Key Takeaways Exploring 2024 Oil and Gas Industry Trends through the Cost Analysis Template As we move into 2019 its ...

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Top Oil Spill Solutions Providers in the World

Key takeaways What are oil spill solutions? Oil spill mitigation strategies encompass the use of dispersing agents, a...

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Oil and Gas Procurement Ought to Get Ahead of the Curve. Here’s How!

By: Ankur Rishi Amid expanded ground operations in Gaza and with no ceasefire in sight, per-barrel oil prices seem to...

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Strategies to Safeguard Oil and Gas Supply Chains

By: Manpreet Kaur The oil and gas industry supply chain involves a complex network of activities, including explorati...

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How AI is Transforming Oil and Gas Procurement

By: George Mathew Embracing AI has led companies within the oil and gas industry to overhaul their operations, rangin...

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How New Government Regulations Will Impact Oil and Gas Supply

By: Srinivas R Crude oil prices are rallying to new highs after wavering near $66 per barrel earlier this year. In an...

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Meeting Sustainability Targets by Transitioning from Synthetic to Bio-oils

By: Yatheesh Chandrasekaran Increasing concerns about climate change, energy security, and finite fossil fuel resourc...

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oleochemical industry

Exploring the Potential of Oil and Gas Procurement

By: George Mathew Procurement in the oil and gas industry involves sourcing, purchasing, and managing the supply chai...

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Make Informed Procurement Decisions with SE Insights

Mismatches between your needs and what your supplier delivers could weaken business performance. By collaborating intensely with suppliers, you can ensure your penchant for KPIs grows on them as well.

Revolutionizing Industries: The Power of Generative AI in 2024 and Beyond
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