Oil, Gas & Energy

The Definitive Oil, Gas & Energy Guide

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.

We retained Ivalua not only for the adaptability of the tool, but also for the attentiveness, responsiveness and flexibility of their teams.
Renaud Perriguey EPC Business Project manager

Ivalua customers see immediate and sustainable results

21,000

Suppliers registered for oil and gas engineering firm

4

Disconnected Contract Management tools, replaced by 1 for $6B oil and gas company.

95%

Spend under Management

1,200

Action plans managed and monitored annually for water and energy company

30+

SAP instances integrated to Ivalua Platform

Proven, reliable partner for oil, gas and energy organizations.

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