Taiwo Maria Ajanaku’s Post

🌟 Maximize Your Procurement Potential with 80:20 Procurement! 🌟 In today’s competitive landscape, achieving procurement excellence is paramount. At 80:20 Procurement, we are dedicated to transforming your procurement process into a strategic advantage. Join industry leaders in the oil and gas sector and beyond, and experience the power of strategic procurement! 📞 Let’s discuss how we can help you achieve your procurement goals! #ProcurementStrategies #StrategicProcurement #SupplyChain #DataAnalytics #CostEfficiency #TailSpendManagement #ProcurementExcellence #8020Procurement

Procurement in the oil and gas industry is particularly challenging due to several factors: 1.    Complex Supply Chain: The oil and gas supply chain is intricate, involving multiple stakeholders, long lead times, and the transportation of large and heavy equipment across vast distances. Coordinating these elements requires precise planning and robust logistics management. 2.    Regulatory Compliance: The industry is heavily regulated, with strict environmental, safety, and legal requirements. Ensuring compliance with diverse and evolving regulations across different countries can be difficult and time-consuming. 3.    Market Volatility: The prices of oil and gas are highly volatile, influenced by geopolitical events, supply and demand dynamics, and market speculation. This unpredictability makes cost management and budgeting challenging for procurement teams. 4.    Technological Requirements: Oil and gas operations often require specialized, high-tech equipment and materials that are not widely available. Procuring such specialized items involves dealing with a limited number of suppliers, which can lead to supply bottlenecks and increased costs. 5.    Risk Management: The industry is exposed to various risks, including geopolitical tensions, natural disasters, and operational hazards. Mitigating these risks requires comprehensive risk management strategies, which complicate the procurement process. 6.    Sustainability Pressures: There is increasing pressure on the oil and gas industry to adopt sustainable practices. This involves procuring eco-friendly materials and technologies, which can be more expensive and harder to source. 7.    Long-Term Contracts: Oil and gas projects often span many years, necessitating long-term procurement contracts. Managing these contracts and ensuring they remain favorable over time is complex, especially in a fluctuating market. 8.    Supplier Relationships: Building and maintaining strong relationships with reliable suppliers is crucial but challenging. Ensuring supplier performance, quality, and reliability requires continuous monitoring and collaboration. In summary, procurement in the oil and gas industry is difficult due to its complex supply chain, stringent regulations, market volatility, specialized technological needs, risk factors, sustainability pressures, long-term contractual obligations, and the need for robust supplier relationships. What do you think?

Change_Orders in procurement are modifications to an existing contract that alter the original terms and conditions, such as the scope of work, pricing, or delivery schedules.  ✅Here are 7 strategic ways to manage change orders effectively: 1. Establish Clear Change Order Procedures 2. Use Standardized Change Order Forms 3. Implement a Change Control Board (CCB) 4. Take Advantage of Technology 5. Communicate Effectively with Stakeholders 6. Monitor and Evaluate Impact 7. Seek Strategic and Professional Procurement Training -------------------------------------------------------------- Photo: Aziz_Abdolshanejad ©2023 📍FSKC #procurement #expedite #supplychain #logistics #engineering #sourcing #construction #purchasing #business #energy #manufacturing #shipping #entrepreneur #oil #gas #businessstrategy #pertrochemical #PMP #coordinator

Why Choose JPS Procurement Solutions? In today’s competitive landscape, businesses need strategic procurement and commercial management services they can rely on. At JPS Procurement Solutions, we combine decades of experience with a modern, results-driven approach to deliver tailored solutions that address complex project demands. What sets JPS apart? ✔️ Proven Track Record – Over 8 years of operations supporting major projects across the UK and the Middle East. ✔️ Industry Expertise – Specialists in procurement for oil, gas, energy, pharmaceuticals, and construction. ✔️ End-to-End Solutions – From initial market engagement and procurement strategies to post-contract management and QS support. ✔️ Adaptable and Scalable – Ready to assist with projects of all sizes, providing both strategic consultancy and fully managed services. Our goal is simple – to deliver procurement excellence while reducing risks, improving efficiencies, and ensuring smooth project execution. Ready to explore how JPS can add value to your next project? Get in touch today to schedule a consultation. #ProcurementSolutions #StrategicProcurement #CommercialManagement #OilAndGas #EnergyProcurement #ProjectSupport #SupplyChainSolutions #EngineeringProjects #ConstructionProcurement #JPSProcurementSolutions #IndustryExperts #BusinessGrowth

A robust supply chain is the backbone of success in today's dynamic oil and gas landscape. At VURIN, we're your trusted partner in optimizing your operations. Our industry-leading supply chain management services encompass procurement, material handling and inventory management, designed to mitigate risk, reduce costs, and ensure seamless project delivery. 𝐖𝐡𝐚𝐭 𝐰𝐞 𝐨𝐟𝐟𝐞𝐫: 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 _ Strategic Sourcing: We leverage our global network to source high-quality materials at competitive prices. _ Vendor Management: Strong relationships with reliable suppliers for favorable terms and timely deliveries. 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐌𝐚𝐬𝐭𝐞𝐫𝐲 _ Efficient Logistics: Seamless transportation and storage solutions to reduce lead times and costs. _ Safety and Compliance: Adherence to the highest safety standards and regulatory requirements. Explore our service offerings through the slides below, and discover how our supply chain solutions can drive cost savings, mitigate risks, and propel your energy ventures to new heights. #OilandGas #SupplyChainManagement #Procurement #MaterialHandling #EnergyLogistics

In procurement, the age-old debate of quality vs. quantity challenges professionals. We want to hear from YOU!🫵 In the comments, let us know which one is paramount to you and your project!🤩 #procurement #projects #gasfleet #gasfleetengineering #qualityservices

Procurement outsourcing isn't just about cost savings; it's a strategic move towards efficiency, innovation, and agility. By partnering with experts, businesses can streamline processes, access specialized knowledge, and stay ahead in a dynamic market. Embracing procurement outsourcing isn't just a trend – it's a smart investment in future success. #Sollydida is your premier engineering and procurement outsourcing partner, consistently delivering efficient, reliable, and exceptional value. It´s your chance now for making smart business decision. For more info, you´re welcome to contact us. #sollydida #procurement #outsourcing #water #wastewater #oilandgas #pumps #pipes #germany #egypt #UAE #SaudiArabia #MENAregion #engineering #ProcurementOutsourcing #StrategicSourcing #SupplyChainManagement #ProcurementExcellence #OutsourcingSolutions #VendorManagement #CostReduction #Efficiency #Procurementservices #BusinessProcessOutsourcing #MENA #MiddleEast #NorthAfrica #ArabWorld #GCC #MENABusiness

Streamlining Procurement for Infrastructure Success Complex infrastructure projects demand robust procurement processes. ZAHARA's ERP simplifies the complexities with: ✔️ Centralised Supplier Management: Maintain a comprehensive database of vendors, pre-qualify suppliers, and track performance metrics. ✔️ Contract Management: Manage contracts, track milestones, and ensure compliance throughout the project lifecycle. 📣 Is your procurement process holding back your infrastructure projects? See how ZAHARA can help. 🔗www.zaharacompanies.com #MiningAustralia #OilAndGasAustralia #EnergySector #MiningTech #OilGasTech #ResourceManagement #SustainableMining #EnergyInnovation #AusBiz #Industry4.0 #CleanEnergy #FossilFuels #MiningEngineering #OilRigLife #NaturalResources #EnergyTransition #GeoScience #PetroleumEngineering #MiningSafety #EnergyPolicy

Greetings During my professional career on #Procurement, working on different industries as: #PublicSector #OilGas #Renewable #energies #ONGs I have identified this 5 top traits of successful procurement professionals 1. They possess excellent negotiation skills 2. They embrace technology 3. They are detail oriented, yet have a big picture view 4. They are fiscally responsible 5. They are service minded and great communicators I invite you to follow Carmindo Penina for more insights about #Procurement.

✍ Safety Reminder Continued from last week's edition; 6. Supplier Relationship Management (SRM): Building strong relationships with suppliers and contractors is beneficial for long-term success. This involves effective communication, transparency, mutual trust, and collaboration. SRM includes feedback mechanisms, supplier development programs, and resolving issues promptly. 7. Technology and Innovation: Adopting technology such as supplier portals, digital procurement platforms, and data analytics enhances efficiency in supplier management. Innovation in processes and materials can also lead to cost savings and improved performance. 8. Ethics and Sustainability: Petroleum companies increasingly focus on ethical sourcing, sustainability, and social responsibility. Suppliers and contractors are expected to adhere to ethical standards, support sustainability initiatives, and promote responsible business practices throughout the supply chain. 9. Emergency Response and Continuity Planning: Suppliers and contractors should have robust emergency response plans to mitigate and manage emergencies effectively. Continuity planning ensures that operations can continue in case of disruptions caused by external factors. 10. Training and Development: Providing training and development opportunities to suppliers and contractors improves their capabilities and aligns them with industry best practices, safety protocols, and technological advancements. In summary, effective supplier and contractor management in the petroleum industry requires rigorous assessment, clear contractual agreements, proactive risk management, performance monitoring, compliance with regulations, strong relationships, technological adoption, ethical considerations, emergency preparedness, and ongoing development. These practices contribute to operational resilience, safety, and sustainable business practices in the dynamic and challenging environment of the petroleum industry. Be Safe! #safetythursdays #petroleum #oilandgas #IreO'