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European Utility’s Journey to Reduce Data Costs by $1.6M

European Utility’s Journey to Reduce Data Costs by $1.6M

Introduction One of the leading utilities in Europe, ranking among the top 10, faced a persistent challenge: reducing their energy data costs. After five years of unsuccessful attempts to negotiate with the dominant oil price reporting agency, they sought our...

Oil Trader on the “Window” Achieves Substantial Cost Savings

Oil Trader on the “Window” Achieves Substantial Cost Savings

Introduction The most active oil trader on the "window", a platform renowned for its bustling oil trading activities, was navigating the intricate maze of escalating data procurement costs. As the leader in oil trading on this platform, the trader's operations were...

Benchmark Crude Oil

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Kirkuk Crude Oil of Iraq: Its History, Price, and Production

Kirkuk Crude Oil of Iraq: Its History, Price, and Production

Kirkuk Crude Oil of Iraq: Its History, Price, and Production ‍ Kirkuk crude oil is one of the most sought-after types of petroleum because it is high quality and relatively inexpensive. Located in Iraq, Kirkuk crude oil is an essential source for many countries...

Murban Crude Oil of Abu Dhabi: Its History, Price and Production

Murban Crude Oil of Abu Dhabi: Its History, Price and Production

Murban Crude Oil of Abu Dhabi: Its History, Price and Production Abu Dhabi has several small oil fields that produce light crude oils known as "Murban", Arabic for sugarcane. It is typically a secondary or tertiary crude oil with low viscosity, high sulfur, and low...

Thunder Horse Crude Oil of USA: Its History, Price and Production

Thunder Horse Crude Oil of USA: Its History, Price and Production

Thunder Horse Crude Oil of USA: Its History, Price and Production   ‍A lot goes into understanding crude oil, which is especially true when considering one of the wide varieties of crude oils available. Each one has its unique properties, characteristics, and...

Strategic Sourcing

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Mastering Commodity Sourcing Strategy: A Comprehensive Guide

Mastering Commodity Sourcing Strategy: A Comprehensive Guide

In the ever-evolving landscape of procurement, a commodity sourcing strategy is more than just a buzzword—it's a necessity. This comprehensive guide will not only delve into the intricacies of commodity sourcing but also offer unique insights based on real-world...

Power of Strategic Sourcing Courses: A Comprehensive 7-Step Guide

Power of Strategic Sourcing Courses: A Comprehensive 7-Step Guide

Strategic sourcing is more than just a buzzword; it's a methodology that can significantly impact your organization's bottom line. This comprehensive guide will walk you through the ins and outs of strategic sourcing courses, from the 7-step process to certification...

Procurement Latest

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Power of Strategic Procurement: Planning for a Competitive Advantage

Power of Strategic Procurement: Planning for a Competitive Advantage

Strategic procurement is more than just buying goods and services; it's about aligning procurement activities with your business goals to gain a competitive advantage. This article will guide you through the intricacies of strategic procurement, from understanding its...

A Buyers Guide to Strategic Procurement Planning

A Buyers Guide to Strategic Procurement Planning

In today's fast-paced business environment, strategic procurement planning is more crucial than ever. This comprehensive guide aims to demystify the process, offering actionable insights and proven strategies to elevate your procurement game. Read on to discover how...

Unlocking Business Value with a Procurement Consulting Firm

Unlocking Business Value with a Procurement Consulting Firm

Unlocking Business Value with a Procurement Consulting Firm In an era where businesses are constantly striving for efficiency and cost-effectiveness, the role of procurement has never been more pivotal. Did you know that companies leveraging strategic procurement...

Procurement Cycle for Optimal Business Performance

Procurement Cycle for Optimal Business Performance

Streamlining procurement is pivotal for enhancing performance and ensuring your business operates efficiently. This piece delves into the significance of process, personnel, and documentation in procurement, offering insights on refining the process for superior...

Phycomex is a Leading Procurement Consultancy for the Energy Markets. Empowering over $60M worth of decisions.

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