Oil, Gas & Energy

Procurement and Supply Chain Management in the
Oil & Gas Industry

With persistent global volatility and uncertainty around demand, production and pricing, oil, gas and energy industries are being challenged to continue evolving operating models to achieve more efficient and predictable output while continuing to lower cost structures. Production assets are the biggest determinant of cost and output, keeping these lean and high performing is paramount.

Procurement and Supply Chain leaders need to manage all spend including direct and CAPEX, ensure compliance to complex contracts, deeply collaborate with suppliers, streamline field operations and subcontractors, all of which have an impact on efficiency and cost.

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Ensure Supply Chain Visibility and Management

Simple and quick supplier self-registration, qualification, and onboarding
Collect and validate information including certifications, qualifications, and financials
Suppliers have complete profile, information, and transaction management capabilities
Structured and stringent review of supplier and sub-tier supplier risk including safety practices

Spend Analysis dashboard of ivalua software

Improve Cost Performance

One platform to manage all spend: Direct, CapEx, Indirect, MRO and Services
Supplier selection & analysis capabilities with target price & cost modeling
Define, manage, and collaborate on simple to complex sourcing projects
Seamlessly capture terms, service level agreements, and pricing with Contract Management
Leverage category management for 360° visibility and strategic planning

Automate and Implement Agile Processes

Efficient supply workflows to comply with stringent requirements and extended supply chain
Enable suppliers to take early payments for discounts to ensure fiscal viability
Reduce costly manual processes through automated PO and invoices

Ensure Reliable Source of Supply

Improve collaboration and transparency with suppliers
Ensure material availability, plan accordingly, and secure your supply chain needs
Utilize forecast functionalities to collaborate and give visibility into planned expenditures
Manage Asset and Tooling budgets and lifecycles collaboratively with suppliers

We chose the Ivalua solution because of the breadth of its functional footprint and its modularity. In addition, users from the pilot program particularly appreciated the ease of use and intuitive design of Ivalua. Veolia uses the Ivalua platform to meet the reporting needs of the executive management team, while better-serving our Procurement community. Ivalua helps us to enhance the automation of data exchange and to share purchasing repositories and data in a user-friendly tool