Case Study

A Large Oil And Gas Enterprise Adopts Future Fit Sourcing Strategies

How A Large Oil And Gas Enterprise Abandoned Old Practices And Introduced Modern AI-Powered Procurement Technologies

May 16th, 2023
Jeffrey Rajamani, Sr Analyst
Jeffrey Rajamani Sr Analyst
With contributors:
Paul McKay , Hannah Jachim , Demi Starks

Summary

Procurement and supply chain leaders need modern procurement platforms to address multiple strategic imperatives. AI, advanced analytics, and other technologies automate manual procurement processes and empower users with tools and information that prioritize tasks and enable decision-making. A large oil and gas enterprise embraced a new strategic sourcing approach by augmenting a supplier value management (SVM) suite with niche best-of-breed point solutions. Realizing that relying on a single SVM platform vendor wouldn’t meet its needs, the firm adopted Forrester’s future fit sourcing approach.

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