PayShepherd’s Post

Procurement is a vital function for organisations, encompassing sourcing, purchasing, and payment for goods and services. Central to procurement is the purchase-to-pay (P2P) process, which spans from requisition to payment. However, the P2P process can become complex and time-consuming due to its multiple stages. This complexity often leads to inefficiencies and bottlenecks, hindering organisational performance. Fortunately, process mining technology offers a solution to these challenges. By analysing and visualising the P2P process, organisations can identify areas for improvement and streamline operations. This optimisation can lead to significant enhancements in efficiency and effectiveness. In this article, we explore how process mining aids in optimising the P2P process. Additionally, we provide three practical tips for leveraging process mining software, such as QPR ProcessAnalyzer, to enhance P2P performance. https://lnkd.in/dxwM4S9t #ProcessAnalysis #ProcessMining

Learn how Coupa BSM transforms procurement strategies in the oil and gas industry. Our latest article reveals key insights into how Coupa BSM enhances cost efficiency, improves supplier management, and streamlines procurement processes.  Gain valuable knowledge to optimize your procurement strategy and drive better results in your operations: https://lnkd.in/ec6qH3YQ #OilAndGas #Procurement #CoupaBSM #CostEfficiency #SupplierManagement

Spend analysis is a critical process that helps organisations track, manage, and optimise their expenditures. For industrial organisations—such as manufacturing, construction, oil & gas, mining, and utilities—where operations involve complex supply chains, high-value equipment, and diverse procurement needs, the role of spend analysis becomes even more important. In our latest article, we'll explore what spend analysis is, its importance for heavy industry, and how organisations can use it to improve their operations. https://lnkd.in/dGD86vZT #AICA #Data #AI #SpendAnalysis #Article #UNSPSC #Education #DataCleansing #DataEnrichment

An offtake agreement is a legally binding contract between a producer and a buyer, outlining the terms under which the buyer will purchase a portion of the producer's output. This agreement typically covers a fixed volume of production over an extended period, often spanning several years. Why are Offtake Agreements Important? Risk Mitigation: Both parties can hedge against market price fluctuations. Financing Facilitation: For producers, a guaranteed buyer can secure financing for new projects. Supply Chain Security: For buyers, it ensures a stable supply of energy.

🌏Remote locations, demanding logistics and project-specific variations create a complex upstream oil and gas ecosystem, making supply chain management a significant challenge. 🛢️Optimising supply chain operations in this sector is therefore critical, but it requires a continuous improvement framework that is aligned with the organisation’s overall business goals, with organisational coordination and a culture that prioritises the right people, assets and services. Renoir Consulting can help design and install a Management Control System for organisations struggling with a chaotic supply chain that is impacting your day-to-day operational efficiency. 🔗Find out more here: https://lnkd.in/grk2Whmz . . . #oilandgas #oilandgasindustry #upstreamoilandgas #energyindustry #PeopleManagement #ManagementControlSystem #ChangeManagement #managementconsultancy #culturalchange  . Renoir Avanza Renoir Investment Partners Renoir ESG Unison Mining Consulting Pte Ltd. Krishna Paupamah Kevin McCartney Ellen Darlington

First #battery deliveries for #solarenergy management to Africa on the way! Learn more about our services here https://lnkd.in/dC6ysaPE and contact us to discuss how we can support your needs. #globalsourcing #procurement #sourcing #procurementservices #procurementoutplacement #operations #SCM #sustainability

For buyers, offtake agreements secure a consistent supply of products, lock in prices to protect against future fluctuations, and enhance budgeting and long-term planning. They also provide collateral for financing, strengthen relationships with reliable suppliers, and help manage market risks like shortages or price spikes. For a sustainable, profitable future: https://bit.ly/3XHi7ik #innovation for all Overall, these agreements foster mutual trust and collaboration, making them a strategic tool for both producers and buyers in the #algae-biotechnology sector and beyond. Source: (1) What Is an Offtake Agreement in Project Financing? - Investopedia. https://lnkd.in/gdt5d45i. (2) Offtake Agreement - Meaning, Explanation, Types, Examples - WallStreetMojo. https://lnkd.in/grT66EHe. (3) What is an Offtake Agreement? (Updated 2024) | INN - Investing News Network. https://lnkd.in/gGHDWZ33. (4) Offtake agreement - Explanation of terms - Corporate Factoring. https://lnkd.in/gY8Q76Fa. (5) Offtake Agreements - Senken. https://lnkd.in/g9HX7UUv.

An idea for "Reducing Afterhours Calls/Weekend Support for Urgent POs"... Typically, in the oil and gas industries, urgent refinery or turnaround purchases are required due to incidents such as short circuiting or fires in the refinery. However, the implementation of this idea depends on client acceptance. ...... #Idea #Award #Quality #Kaizen #Procurement #P2P #Purchasing #Buying #PRtoPO #Purchaseorder #Excel #Oilandgas

In Strategic Maintenance Management, the focus on procurement policies falls under the economic dimension, emphasizing the cost-effective acquisition of equipment, spare parts, and services. These policies aim to optimize the balance between quality, cost, and timely availability to minimize operational disruptions and ensure long-term asset reliability and availability.

One of the Sustainable Asset Management requirements in the new consensus frameworks that are trickling into routine application with utilities worldwide is that the operations and maintenance requirements of all new assets should be a required submittal during the design phase. More and more end-users are going to require pipe rehabilitation suppliers to provide an O&M submittal as part of the qualification submittals. You might as well prepare the O&M submittal now and make it part of your standard submittal documents. TAC, LLC assists companies with preparing and updating their standard submittals and technical collateral to simplify Product & Project Approvals.