The oil and gas (O&G) industry faces numerous challenges, including ESG demands, talent retention, inflation, and supply chain disruptions — throwing the industry into a state of constant turmoil. Despite the volatility in the industry, the continuity of supply in the energy sector remains critical to the world.
The growing focus on sustainability is driving investment in decarbonized energy sources. At the same time, critical supply chain challenges — including visibility, data exchange, integrated planning and vessel sharing — require technology investment to support more innovative supply chain models.
GEP Gets Results
15%
Jump in procurement ROI
40 %
Wastage reduced
10X
Reduction in process steps
Why GEP
Our Approach
GEP’s comprehensive suite of offerings addresses all levels of the industry’s supply chain, enabling O&G companies to tackle the biggest challenges facing enterprises today and in the future.
GEP’s deep understanding of the strategic importance of O&G suppliers helps build long-term strategic partnerships to reduce costs. We also implement efficient procurement and sourcing processes to minimize supply market risk and increase product quality and supplier service levels through improved relationships.
GEP also helps O&G companies design and implement a robust distribution network that can help lower distribution costs, improve delivery performance and reduce the likelihood of stockouts.
Our Solutions
GEP’s comprehensive range of software solutions, consultancy and managed services helps O&G companies navigate a quickly changing landscape. Our services include:
- M&A Advisory
- Operational Transformation
- Strategic Sourcing and Should-Cost Modeling
- Demand and Supply Planning
- Network and Warehouse Optimization
- Policy Development and Implementation
- Analytics and Reporting
- Category Management
- Buy Desk and Tail Spend Management
- Research/Advisory Services
Our Track Record
We deliver maximum value in purchasing process support, but it doesn’t end there. We look beyond that dimension and create a holistic total cost of ownership for companies and supply chains, maximizing our clients’ market proposition to investors and customers.
We have:
- A Fortune 500 O&G company implemented GEP SOFTWARE™ as its digital procurement backbone, resulting in a substantial reduction in time spent on RFx activities. It also reduced source-to-contract cycle time by 30% with full compliance
- A $200 billion O&G giant eliminated 11 legacy systems with unified GEP SOFTWARE™, which also simplified the onboarding process — leading to a significant reduction in steps for vendor onboarding requestioning
Unique Challenges
Every segment within the O&G sector has its unique challenges and complexities. The common thread among them is the need to contain costs and drive efficiencies.
Upstream
Cost reduction is always a key concern for upstream businesses as they seek to maintain profitability despite global oil price fluctuations and volatility in supply and demand dynamics.
Offerings
We understand the strategic implications of varying pressures for the O&G industry, and work to help you make the right moves for growth.
- M&A Advisory
- Operational Transformation
- Strategic Sourcing and Should-Cost Modelling
- Category and Vendor Management
- KPI and Metrics Development and Implementation
Midstream
Fluctuating oil demand, a quest for renewables and unpredictable economic and political conditions are increasing scrutiny of the existing supply chain's resilience and security.
Offerings
GEP's comprehensive cost-reduction offerings help drive new efficiencies by leveraging GEP SMART™ and GEP NEXXE™ — our unified AI-powered supply chain and procurement platforms.
- Supply Chain Visibility and Planning
- Logistics Management
- Policy Development and Implementation
- Supply Chain Analytics
- Supply and Demand Planning
Downstream
Downstream operations currently face the biggest challenges. While lower prices have helped the downstream players, the growing focus on regulatory changes, restructuring and corporate acquisitions heavily impact the sector.
Offerings
We work with O&G clients to carefully consider these changing trends and focus on adopting the right strategy and technology to foster innovation and efficiency.
- Strategic Sourcing and Cost Reduction
- Category Transformation
- CAPEX Optimization and Risk Assessment
- M&A Advisory
- Total Cost of Ownership Assessment
Industry Insights
GEP Spend Category Outlook Report 2025
Capex in Oil & Gas: Why In-house Procurement Is Better Than EPC Model
Unlocking Efficiency in Oil & Gas Operations: A Proactive Action Plan
Oil & Gas: 3 Focus Areas To Transform Procurement and Supply Chain Operations
