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Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.
Growing global complexity in supplychainmanagement has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supplychain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).
FRDM FRDM is a software company specialising in supplychainriskmanagement. Their software is designed for multinational corporations managing complex supplychains. Key features include supplychain mapping, risk dashboards, mitigation workflows, and regulatory reporting.
Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supplychain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?
They quickly rose to be the market leader, especially in the untapped area of spend management for indirect procurement teams. In 2016, Coupa went public on the NASDAQ exchange and continued to grow rapidly through both organic growth and acquisitions. They will be more agile now under PE ownership than SAP will ever be.
As we start 2019, it’s critical to understand how current events, changes in governmental policy and the general economic climate may affect the global procurement market and supplychain. With uncertainty over the pending exit of the United Kingdom from the European Union, European supplychains are in limbo.
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