The oil and gas industry has undergone a transformation in procurement, as companies look to evolve into broader chemical and energy organizations for the sake of sustainability. This is providing procurement the opportunity to become a strategic partner in this transformation.
In this episode of the Art of Procurement Podcast, host Philip Ideson gets a look into the role of procurement transformation in the oil and gas industry by interviewing Artem Sherekh, the Global Oil and Gas Practice Lead at SAP, and Ferhat Eryurt, a partner at apsolut Group. Headquartered in Germany, apsolut Group is an SAP and SAP Ariba consulting partner that delivers on-premise cloud and hybrid procurement solutions.
After shining a light on the role of procurement in the oil and gas industry, Artem and Ferhat talk about:
- How companies are overcoming the cost-based hurdles associated with transitioning from conventional oil and gas to more expensive but sustainable renewable energy sources
- Ways for procurement to reevaluate their value proposition to the company as conditions change, and how that should guide their activities
- Why high quality, centralized data is an absolute must, even in fast-paced, regulated organizations going through a lot of M&A activity