Oil and Gas Industry Procurement
Procurement management is a major task in the oil and gas industry. Many businesses find it difficult to manage the supply chain with affordable prices from reliable suppliers.But don’t worry, our team finds trustworthy suppliers with good prices that meet your business requirements so that you can better focus on business operations. Our main goal is cost reduction, risk management, and achieving your goals. Contact us to expedite your business process
Assessment and Planning
We study your current processes in depth and analyze where improvements are needed then we create strategies to improve.
Stakeholder Engagement
The next step is to engage with stakeholders to ensure compliance with all regulations.
Implementation and monitoring
When the first 2 steps are completed, we study the daily operations and implement new strategies where better performance is needed.
What We Deliver in Oil And Gas Procurement?
Oil and gas industry is facing a massive disturbance worldwide especially after the Russia-Ukraine War which put the oil and gas dependent businesses in great trouble. Finding reliable suppliers has become a challenge. If you are also one of those which are facing challenges to meet the needs of oil/gas resources, “Pro Procurement” is here to help you out.
Our support team studies your projects to understand the specifications. First, we select reliable vendors for you to supply oil and gas, and then we shortlist them and check their records to confirm whether they are the best fit for you. We choose carefully because a good quality supplier can enhance your returns for the business spendings.We build relationships with stakeholders such as owners, suppliers, and managers to ensure that all oil and gas processes comply with business codes and regulations. We also ensure that gas and oil are delivered to the required department on time. Our experts research market trends to manage high gas and oil prices and save costs. Above all, we revise and develop new strategic sourcing to avoid challenges and delays in the supply chain. Contact us to get a quotea and Avail Contracting Services.
Benefits of Outsourcing Oil/Gas Procurement to Us
Outsourcing oil and gas procurement to our experts brings many benefits to the business. Some points are discussed below.
Cost Efficiency
Effective procurement through our experts saves costs by negotiating specific terms with suppliers. It helps in managing expenses and budgets.
Risk Management
Supply chain disruptions and market price fluctuations create chances for risk management. Our Effective procurement services can manage them easily with their expertise.
Quality and Reliability
Our professional procurement managers select reliable vendors and ensure that the company receives quality oil and gas that meets business standards.
Regulatory Compliance
We ensure projects are completed in line with industry regulations and codes to meet legal requirements. It promotes safe practices in the use of oil and gas.
Trusted Suppliers
Our team of professionals has established connections with the global renowned oil/gas suppliers and find the most trust-worthy suppliers for you.
Long-Term Partnerships
Connections with the suppliers and on time payments from your side help us to establish long-term partnership with the suppliers for uninterrupted supply chain of oil and gas.
Enhance Your ROI And Smooth Your Business Operations With Our Procurement for Oil And Gas
Let’s connect for mutual success! Book a Meeting With Us Right Now to Discuss Your Project.
Our Procurement Process in Oil and Gas Industry
In today’s world, a highly competitive and dynamic environment requires unique professionals which can standardize the process through their professional procurement services. Our team highly focuses on the following steps for the oil/gas procurement.
Business Scope Identification
We identify the scope of business, requirements of the oil/gas, quantity and machinery to operate the business process.
Supplier Sourcing
We source the most trust-worthy suppliers by requesting the RFP to various global suppliers and then finalize the one after comparing the quotations.
Contract Management
After selecting the supplier, we issue the purchase order and manage the long-term or short-term contract according to business requirements.
Quality Assurance
Once the supplier delivers the required quantity, our professional checks the quality and clear the discrepancies with clear communications.
Invoice Management
When all supplies are cleared and quality assurance is achieved, we pay the bills and manage the invoices for the record.
8 Effective Tips to Streamline the Oil and Gas Procurement
Procurement in the oil and gas industry is very challenging as it demands the acquisition of the goods, Oil and gas facilities on time and within the budget. Here are the 8 core steps that we follow to streamline the oil and gas procurement process for your business.
The first step is defining the exact needs and requirements in the business so that we can establish a standard operating procedure.This helps the procurement professionals to know exactly about the needs of the business. Our team identifies the requirements such as we enlist the total hand offs or the exact number of systems that require oil and gas for proceedings. Further, we identify the quantity required for each individual system. In this way, we can create an effective SOP for the needs of business. This SOP helps us to set a standard operating procedure for further proceedings.
Automation is a key factor to streamline the procurement process for oil and gas supply efficiently. It not only reduces the human errors but also maintains the work flow of the organizations without any obstacles. The most efficient way to automate the purchasing process is to integrate AI tools in procurement. The other is using PMS (procurement management software). These software and AI tools are very effective for team collaborations, transparent communications, contracts management and smooth transactions for the supply chain. Our team of skilled professionals have the abilities to use the tools and software well to deliver the best results.
Artificial intelligence has made all the industries tasks easy to manage. Same happens in procurement for such complex oil and gas supply chains. Now, procurement teams use a forecast project requirement in the machine learning algorithms which help them to get a forecast inventory management and a supply chain required to complete the project. It helps the procurement managers to predict the most near expected cost of the supply chain for the completion of the project and they can prevent overspending from over purchasing and shortage of supply. Meanwhile, it helps them to keep the supply chain on track with a forecasted model. At “Pro Procurement”, we have machine learning specialists that help us to give a predicted model for the supply chain management.
Contract management required deep attention and comprehensive research. A poor documentation for the contract can cost you a huge loss. Therefore, it is the responsibility of the procurement manager to prepare a transparent and well organized document which highlights all the essential parts that must be cleared from both sides such as clear terms regarding delivery schedules, payment terms, quality expectations, and penalties for non-compliance. Once the contract is signed, make sure that each clause of the contract is fulfilled and both parties are bound to strictly firm on the contract clauses. This will not only bound the supplier but also enhance your image that you work according to the mentioned clauses. Our team of procurement professionals are highly skilled to form clear documented contracts to prevent you from any inconvenience.
Tracking performance through defined KPIs highlight the efforts of the procurement team. Defining KPIs such as procurement spend, spend growth rate, and supplier risk help you to track your performance and share the data throughout the organizations so that everyone has access to the authentic data, and the changes you have made to improve the business operations. Weather approach us for crude oil procurement, oil procurement or gas procurement, we set the defined KPIs and share the performance reports with the data analysis to you monthly or whenever required.
Inventory management is very useful for budget management and streamlining the process. It assists you to always remain within budget while having the sufficient supplies. Many real time software are available to track the inventory and manage it. If you hire us for the procurement services, our team uses the latest software and prevent the organization from over-spend or shortage of supply.
As the awareness among the people is increasing for the sustainable energy resources, businesses are putting very much efforts to shift their operational procedures towards sustainable ways. It has become necessary for maintaining a good reputation in the market and shows the businesses commitment towards environmental health. For gas and oil procurement, you can implement environmental sustainability by importing the goods from the suppliers who have a good market reputation and a track record regarding the environment-friendly services. When you approach us for the procurement method, we make sure that we implement the strategies and purchasing which have minimum effect on the environmental health.
Monitoring the market trends helps the procurement managers to keep things aligned according to the needs and mitigate the risk factors. Our team of professional procurement managers comprehensively analyze the market trends and have a deep understanding of market fluctuations due to any issue such as war/global disputes, shortage of materials etc and have an effective advanced planning to deal with such issues.
KPIs for Procurement in Oil And Gas Industry
Key performance indicators help us to measure our performance and also highlight our efforts for your business. The main KPIs for the oil and gas industry are cost savings, supplier lead time to deliver the oil/gas, supplier performance and reliability percentage, following the industry codes and regulations for the global/local supply, Contract lengths, connections with the suppliers, balanced stock levels of oil and gas, supplier diversity and return on investment. If you are also looking for a company which give positive results for all mentioned KPIs for oil and gas procurement, contact our team right now and get a free consultation meeting.
4 Trends Which Have Evolved Procurement in Oil/Gas
Leveraging the emerging trends, procurement companies can bring more benefits on the table for the oil/gas based businesses operations. Following are the 4 main trends that have reshaped Oil and gas Procurement Companies
Evolved Risk Management
Connections with more suppliers and map tier 2 and tier 3 suppliers are evolved strategies for risk management.
AI integration
AI and block chain tools have automated the processes of getting information about suppliers, data-driven decisions and secure transactions.
Sustainable Solutions
Taking decisions that are environment friendly and leave minimal negative impact on the society are the great procurement strategies for oil and gas industry.
Cost Management
Localization of supply chains in the oil and gas industry are the emerging trends to reduce the cost for transportation and global compliances fulfillment.
What Our Procurement Manager Oil and Gas Provide to You
If you hire us for the oil and gas procurement, we dedicate a specific manager to your business which smooths the workflow by providing the following services.
- Source high quality materials
- Connect with the reliable suppliers
- Maintain the relationships with suppliers
- Manage the payments and contracts
- Ensure the quality delivered
- Revise strategy
- Implement data driven and sustainable decisions
- Track the performance through KPIs
- Maintain long-lasting relation with suppliers
- Make sure the supply is under the regulatory compliances..
Contact Us
Send Email
info@proprocurement.us
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+1 408 915 5212
RFP
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