Art of Procurement 427: Procurement Transformation in the Oil and Gas Industry w/ Ferhat Eryurt and Artem Sherekh
Usually the transformation journeys we hear about are focused on a single company, but there are instances of industry wide transformation efforts as well. The oil and gas industry is a perfect example. These companies are looking to evolve into broader chemical and energy organizations for the sake of sustainability, and procurement has the opportunity to become a strategic partner in this transformation.
In this episode, host Philip Ideson gets a look into the role of procurement transformation in the oil and gas industry by interviewing Artem Sherekh, the Global Oil and Gas Practice Lead at SAP, and Ferhat Eryurt, a partner at apsolut Group. Headquartered in Germany, apsolut Group is an SAP and SAP Ariba consulting partner that delivers on-premise cloud and hybrid procurement solutions.
After shining a light on the role of procurement in the oil and gas industry, Artem and Ferhat talk about:
- How companies are overcoming the cost-based hurdles associated with transitioning from conventional oil and gas to more expensive but sustainable renewable energy sources
- Ways for procurement to reevaluate their value proposition to the company as conditions change, and how that should guide their activities
- Why high quality, centralized data is an absolute must, even in fast-paced, regulated organizations going through a lot of M&A activity