BENEFITS OF DOCUMENT
DESCRIPTION
This deck summaries an approach and key topics for technology vendor sourcing in the Oil and Gas industry.
The objectives of the approach were to
1. Develop stronger relationships with vendors and greater support in executing O&G client's technology strategy
2. Provide the client with a simplified supply base with fewer vendors and fewer contracts
3. Ensure that the client enjoyed market competitive rates for products and services
4. Assist the client with setting up an established panel of vendors to serve global, regional and local requirements
5. Ensure that the client achieves better cost efficiency, service delivery and more accurate invoicing procedures with its technology vendor base
6. Ensure that the organization deveops and maintains Technology sourcing as a global capability, and in the process provide a career pathway for its staff involved in this critical function and the operations of governance in global sourcing and procurement processes more generally
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Source: Best Practices in Procurement Strategy, Oil & Gas PowerPoint Slides: Technology Sourcing in the Oil and Gas Sector PowerPoint (PPTX) Presentation, Affinity Consulting Partners
Procurement Strategy Integrated Financial Model Oil & Gas Cost Reduction Assessment Supplier Management Supplier Negotiations Negotiations Energy Industry
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