This report discusses the importance of centralizing procurement for oil and gas companies in order to drive cost efficiencies and improve service levels. The report highlights the challenges faced by the sector due to volatility in commodity prices and the need for companies to prioritize strategies that protect their bottom line. The report suggests that center-led procurement models, which combine the buying power of multiple organizations, can help reduce costs, allow for more robust supplier strategies, and increase productivity. The report concludes that centralizing procurement is the path forward for oil and gas companies to achieve maximum results.
