Enhancing Procurement Efficiency through Strategic Collaboration PPT

This PPT slide, part of the 15-slide Oil and Gas - Technology Procurement Transformation PowerPoint presentation, outlines a collaborative approach taken by the VSP across various business units to enhance the procurement operating model. It emphasizes leveraging existing global contracts, which are critical for optimizing vendor relationships and ensuring cost-effectiveness. The left section details how the VSP intends to utilize previously negotiated agreements with specific tech providers, indicating a strategic focus on maximizing existing resources. This approach not only streamlines procurement processes, but also fosters collaboration on ongoing initiatives with other vendors.

The middle section highlights the support for major Arabian business units in their sourcing initiatives. It provides a timeline for capturing initial savings, segmented into various strategies such as LSN/Frame Agreements and eSourcing. The estimated timeframes for these initiatives range from one month to 6 months, suggesting a phased approach to implementation. This structured timeline indicates a clear path for achieving financial benefits while also setting expectations for stakeholders involved.

On the right, the slide discusses the development of a common procurement operating model. It identifies visible components such as processes, organizational structure, and accountabilities, which are essential for ensuring alignment across business units. The emphasis on agreed procurement operating standards and the inclusion of people, systems, and measurement underscores the importance of a holistic approach to procurement transformation. This comprehensive strategy aims to create a unified framework that enhances efficiency and accountability within the procurement function. Overall, the slide presents a clear roadmap for improving procurement operations through strategic collaboration and structured initiatives.

This slide is part of the Oil and Gas - Technology Procurement Transformation PowerPoint presentation.

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