Oil & Gas’ Post

The integration of P&ID drawings, EPL (Equipment Parts Lists), and inventory management tools in the Oil and Gas industry ensures streamlined operations, reduces downtime, and maintains safety standards. By following best practices for standardized tagging, efficient categorization, automated reordering, and critical spare management, businesses can maintain a highly efficient and responsive inventory system, improving asset management and maintenance reliability.

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

Possibilities of Reverse Auctions in oil and gas sector!!!! The oil and gas industry operates in a high-stakes environment characterized by volatile prices and intense competition. To thrive, companies must relentlessly seek cost reductions without compromising quality or operational efficiency. Reverse auctions offer a strategic solution to these challenges. By putting multiple suppliers against each other in a competitive bidding process, reverse auctions deliver significant cost savings on a wide range of goods and services. From drilling equipment to catering supplies, this approach can yield substantial reductions to the bottom line. Beyond financial benefits, reverse auctions introduce greater competition, driving innovation and improved product quality. Additionally, the data generated through these auctions provides valuable insights into market trends and supplier performance. However, implementing a successful reverse auction program requires careful planning and execution. Key factors include item suitability, supplier relationship management, data accuracy, and risk mitigation. #OilAndGas #Procurement #ReverseAuction #Energysector

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.

Here’s how a major #Oil and Gas client met 85% of its goals on day 1 of a transformation project. With #GEP SMART, we integrated 70% of suppliers before going live and transformed #procurement: https://bit.ly/3wt1nAz

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.

Oil and Gas Supply and Distribution Course... This workshop will equip suppliers, buyers, negotiators, users and those representing the customer with an up-to-date understanding of today’s Oil and Gas market to help optimize their strategy. From the broader perspective of contract structures and the future of oil and gas purchasing, marketing and distribution to the specifics of understanding the effect of the spot market and tendering and supplier selection, the course will complement the understanding of those already working within the arena and provide excellent foundation for those needing a full understanding of oil and gas purchasing, marketing and distribution for commercial and industrial customers, small and large. Course Content... *Introduction to oil and gas operations. *Buying oil and gas products. *Oil pricing and hedging using futures. *Oil marketing strategies. *Trading markets logistics. *Modern oil and gas markets: The regulatory and commercial framework. *Strategic transportation issue for consideration. *Oil and gas storage: rationale, technologies used, services and regulation. *Oil and Gas pricing strategies. *Impact of price changes and political and legislative risks. *Preparing to obtain quotations. *Suppliers profile. *Adding value and getting the best deal. Course Duration - 3days. For corporate and individual training, both online and Physical, call/ Whatsapp +2348134326706.

Oil and Gas Supply and Distribution Course... This workshop will equip suppliers, buyers, negotiators, users and those representing the customer with an up-to-date understanding of today’s Oil and Gas market to help optimize their strategy. From the broader perspective of contract structures and the future of oil and gas purchasing, marketing and distribution to the specifics of understanding the effect of the spot market and tendering and supplier selection, the course will complement the understanding of those already working within the arena and provide excellent foundation for those needing a full understanding of oil and gas purchasing, marketing and distribution for commercial and industrial customers, small and large. Course Content... *Introduction to oil and gas operations. *Buying oil and gas products. *Oil pricing and hedging using futures. *Oil marketing strategies. *Trading markets logistics. *Modern oil and gas markets: The regulatory and commercial framework. *Strategic transportation issue for consideration. *Oil and gas storage: rationale, technologies used, services and regulation. *Oil and Gas pricing strategies. *Impact of price changes and political and legislative risks. *Preparing to obtain quotations. *Suppliers profile. *Adding value and getting the best deal. Course Duration - 3days. For corporate and individual training, both online and Physical, call/ Whatsapp +2348134326706.

How is the new Enverus OpenMaterials inventory management solution helping oil and gas operators track and financialize materials and their movements? Watch this webinar on demand today to hear as two early adopters share their stories. https://lnkd.in/eWcUjqKr

Learn how Enverus OpenMaterials is transforming inventory management. Hear success stories from early adopters in this on-demand webinar.