A Unique Strategic Approach
The oil and gas industry faces a daunting inflationary market, the Russia-Ukraine war, pressure to invest in decarbonized energy sources, marginal oilfields, and market volatility. Organizations need to contain costs, improve the value of capital investments, and increase supplier service levels through relationships.
Immediate Access to Top-Notch Talent and Resources
An effective strategic sourcing program can help. Augmented with sourcing applications, strategic sourcing typically generates 10% to 20% savings against a company’s external spend, increases cash flow, improves supplier performance, and reduces risk.
30-Day Cancellation Clause
By leveraging K2 Sourcing as a team member, category and strategic sourcing managers can immediately make a larger impact on the business.
K2 Sourcing provides:
Specialized commodity teams comprised of advisors, project managers, and analysts
An RFP application, that makes the strategic sourcing process easier and more effective
Lists of global suppliers across direct, indirect categories, MRO, and services
Hundreds of RFP templates that capture total cost and service variables
Stakeholder interview checklists ensure the right information is gathered
A successful repeatable transparent RFP process
A measurable process that clearly proves outcomes
By leveraging K2 Sourcing as a team member, oil and gas companies expand their resources and:
Improve savings generated by 5% to 25%
Fill the procurement team resource and experience gaps
Accelerate generation and realization of savings
Find the suppliers that can best support your business objectives
Introduce the company to huge pools of potential suppliers
Provide global sourcing access with local support in 14 countries
Shrink RFP review cycles by as much as 50%
Mitigate supply risk using the right award strategies
Understand supplier ESG accomplishments
Access market intelligence
Benchmark with your peers
Launch new products faster
Reduce operating costs
Promote a cost-conscious and value driven culture
Increase innovation
Utilize best practices such as eprocurement and esourcing
Reduce pesky time-consuming introductory sales calls
Increase team morale
Allow leaders to react rapidly to changing resource needs
Let your team leverage K2 Sourcing’s Experience
K2 Sourcing has helped oil and gas companies improve savings, cash, and supplier performance. Our strategic sourcing teams have helped review billions of dollars across several hundred categories resulting in cost savings of over $600 million. We have helped upstream, midstream, and downstream segments optimize direct, indirect and services spend such as:
MRO, transportation, capital expense, raw material, equipment, wholesale goods, compressors, pipe and valve, PPE and safety, janitorial and cleaning, contingent labor, IT hardware, office supplies, IT consumables and hardware, IT applications, consulting services, promotional items, furniture, auditing and financial, legal services, office supplies, telephone and internet, and more.
Why K2 Sourcing?
An Integrated Human and Technology Strategic Sourcing Solution
There is a talent shortage. Hiring additional team members across so many categories and getting them up to speed is expensive, time consuming, laden with risk, and takes months. There are other agencies that provide procurement consulting solutions. K2 Sourcing offers an integrated human and software strategic sourcing solution that provides an unparalleled value to procurement leaders and teams.
30-Day Cancellation Clause
With a 30-day cancellation clause, there is minimal risk to access the accumulated experience from K2 Sourcing team members having run several thousand strategic sourcing engagements.
Immediate Access to Top-Notch Talent and Resources
Utilizing K2 Sourcing as a partner provides immediate access to top-notch talent, resources in 14 countries, our award-winning RFP and reverse auction technology and templates, global supplier lists, and world class strategic sourcing processes.
Reaching Procurement Goals Made Easy
As procurement teams are challenged to produce greater value and fight inflation, make it easier for the team to reach your procurement goals. Schedule an introductory call with K2 Sourcing today.
Have a question about our sourcing services or application? Give us a call or fill out the form and we’ll be in touch shortly.
*indicates a required field.
+1 (877) 824-9809