Why are Strategic Sourcing Processes Used in Procurement The procurement process is a complex series of activities that involve various stakeholders and departments. A strategic sourcing process can make the procurement process simpler, faster, and more...
What are the Benefits of Strategic Procurement for Market Data In today’s digital world, companies must be able to quickly respond to changing customer demand and trends in order to capture new business opportunities. This is where strategic sourcing comes into play....
The Oseberg oil and gas field is located in the North Sea and happens to be the third biggest oil producer on the Norwegian Continental Shelf (NCS). Production started in 1988 and still continues to this day. It is currently operated by Equinor Energy, Norways...
What is urals crude oil? Urals crude oil is a Russian export blend of heavy sour crude oils from the Ural Mountains region. The blend is similar to the OPEC basket of crudes, but with a higher sulfur content. Urals crude oil is used as a pricing benchmark for...
Vendor Management – its Benefits, Challenges, Process & Best Practices Vendor management is an organisation’s process which empowers it to take the necessary actions to limit the cost and reduce risks relating to the suppliers to ensure exemplary services...
