Oil, Gas & Energy
Procurement Leaders Insight: Smart Procurement
With persistent global volatility and uncertainty around demand, production and pricing, the oil, gas and energy industry is being challenged to continue evolving operating models to achieve more efficient and predictable output while continuing to lower cost structures. Production assets in this sector are the biggest determinant of cost and output, keeping these lean and high performing is paramount. Ongoing maintenance of assets and facilities is also a significant component that impacts efficiency and cost.
There’s lots more that companies wrestle with, for example, effective management of safety, deep collaboration with field suppliers and engineers, and reducing supplier risk is crucial to optimizing performance.
Ivalua for Oil, Gas & Energy
Procurement organizations in this industry are more essential to success than ever before, particularly given the low-price environment that is here to stay. Procurement can have a significant impact across the value chain, for example, starting all the way upstream in project design to collaborate with engineering, design and suppliers teams. They can also impact efficiency and performance with contract compliance, adherence to processes and developing sustainable supplier relationships.
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Realize savings & conserve cash
- Spot Sourcing of requests within preferred suppliers
- Spot awards to Suppliers with best site availability of inventory, personnel and performance
- Complex project based procurement
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Automate end to end processes
- Address field services by creating invoices/receipts directly from contracts.
- MSA and Blanket Order based purchasing
- Assets and Tooling
- ERS support
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Enable agility & innovation
- Supplier access to contracted items and rates for service estimation
- Sourcing of services (square footage drilled) or goods (e.g. drill bits)
- Powerful, configurable workflow
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Improve control & lower risk
- Stringent review of Supplier safety practices
- Monitoring of Supplier credentials, machinery
- Review skills and performance of supplier staff, sub-contractors
- Audits
We retained Ivalua not only for the adaptability of the tool, but also for the attentiveness, responsiveness and flexibility of their teams.
Ivalua customers see immediate and sustainable results
Suppliers registered for oil and gas engineering firm
Disconnected Contract Management tools, replaced by 1 for $6B oil and gas company.
Spend under Management
Action plans managed and monitored annually for water and energy company
SAP instances integrated to Ivalua Platform
Proven, reliable partner for oil, gas and energy organizations.
Resources
Read how this F500 company visibility into contracts and strengthened supplier relationships.
Veolia Strategic Sourcing Complexity Simplified and Transformed with a User-Friendly Platform
Gartner’s Magic Quadrant for Strategic Sourcing Applications Suites 2018: Ivalua Named Leader for the 3rd Year in a Row