GEP Worldwide’s Post

When you meet 85% of your goals on day 1, you know you’re on the right track. Read how a major #OilAndGas company did just that when they went live on #GEP SMART to transform outdated #procurement processes.

When you meet 85% of your goals on day 1, you know you’re on the right track. Read how a major #OilAndGas company did just that when they went live on #GEP SMART to transform outdated #procurement processes.

Did you know? Traditional oil and gas procurement processes can be riddled with hidden costs that erode your bottom line. In this week's Oil And Gas Procurement tip, we explore some of these hidden culprits: Manual Processes: Time-consuming manual workflows lead to inefficiencies and potential errors. Limited Supplier Visibility: Lack of transparency can make it difficult to identify the best deals and manage supplier relationships effectively. Reactive Sourcing: Responding to urgent needs instead of proactive planning can drive up costs. Inefficient Contract Management: Poor contract management leaves room for errors and missed cost-saving opportunities. Here's the catch, modern procurement solutions can help you: Streamline processes for greater efficiency and cost savings. Gain real-time visibility into your supply chain for better decision-making. Implement proactive sourcing strategies to secure the best value for your projects. Optimize contract management to mitigate risks and maximize savings. Want to learn more? Comment below with your biggest procurement challenge, and let's discuss how we can help! #CANDSL #BUSINESSDEVELOPMENT #Procurement #OilAndGas #CostReduction #SupplyChainManagement

🔧💼 At Hal International, we optimize your supply chain for the Oil & Gas sector 🚀🔍. Efficiency in procurement is key to success. How do you improve your purchasing process? Let us know in the comments below 👇 🛠️💡 #OilAndGas #SupplyChain #Procurement #Efficiency #BusinessSolutions #HalInternational #EnergyIndustry

THE Local Content Secretariat is examining the procurement guidelines being used by companies operating in Guyana’s oil and gas sector, as several inconsistencies and a lack of standardisation have raised significant concerns. This was recently noted by the Director of the Secretariat, Dr Martin Pertab. https://lnkd.in/euFcqGYe

Highly recommended, especially for my colleagues in the oil and gas industry.. Global volatility, a competitive market environment, fluctuating prices, and shifting business models have created new challenges within the oil and gas industry’s upstream supply chain—challenges that traditional procurement models are increasingly unable to address. By adopting should-cost methodologies to provide granular data and transparency, organizations could enhance operational efficiency, optimize cost structures, improve supplier negotiations, and, ultimately, drive sustainable value creation. #CAPEXefficiency #innovation #procurement #valuecreation #excellence #mckinsey

🌍 Managing Single-Source Clients in Oil & Gas Single-source clients simplify supply chains but bring unique challenges: 🔹 Overdependence Risks: A single client's shift can put intense pressure on operations. 🔹 Client-Specified Suppliers: Limited flexibility and reduced negotiation power. 🔹 Discount Requests: Clients often request discounts, pushing procurement to renegotiate with suppliers, impacting margins. Balancing client demands with supply chain resilience takes strong partnerships, risk assessment, and agility. What strategies have worked for you with single-source clients? Let’s share insights! #SupplyChain #Procurement #SingleSource #OilAndGas

⚙️ Solving complex procurement & logistics for Oil & Gas The Oil & Gas industry demands precision, reliability, and resilience in every aspect of its operations—especially when it comes to logistics and procurement. At ICTS, we’ve built a legacy of solving the unique challenges faced by this sector, delivering tailored solutions that keep critical projects on track. Why ICTS is your trusted partner: 1️⃣ Deep Sector Expertise: With origins rooted in Oil & Gas logistics, we understand the complexities of sourcing, transporting, and managing equipment in extreme conditions. 2️⃣ End-to-End Solutions: From securing specialized machinery to coordinating global shipments, we handle every detail so you can focus on core operations. 💡 Your Challenges, Solved: With ICTS as your logistics and procurement partner, no challenge is too big, no deadline too tight. Let us help you power the future of energy. 📌 Discover how we can support your operations #OilAndGas #ProcurementSolutions #LogisticsExpertise #ICTSSpain #EnergySector

Our Upstream Oil & Gas Supply Chain Consultancy Services empower operational efficiency with strategic expertise, offering streamlined tender management for optimal vendor selection, tailored contract construction to ensure compliance and minimize risk, and strong supplier relationship management for sustainable performance. We drive profitability through cost optimization, implement robust risk and compliance frameworks, leverage market intelligence for informed decision-making, and optimize logistics and inventory for efficient resource allocation—all to elevate your supply chain impact. #SupplyChainExcellence #OilAndGas

"Are there really no tasks you cannot handle?" 💬 We get it. It almost sounds too good to be true, right? 🤔 But the truth is, we love a good challenge, and time and time again, we have proven that with our capabilities and network, no tasks are unobtainable! We have experience in tackling tough challenges - whether it is sourcing specialized equipment or securing critical components for projects in offshore, wind, maritime, and oil and gas industries. Where others might say, "That is impossible", we say, "Bring it on!" 💪 But how do we turn the "impossible" into reality? Maybe it is because of our: 🔍 Transparency ⏱ Efficiency 🤝 Reliability 👀 Curiosity So, next time you face an impossible task, remember: that is our specialty. Challenge us - we are ready! 🚀 #challengeaccepted #procurement #sourcing #thenewwaytobuy