VMI-Midstream is a cloud based procurement and supply chain solution specifically designed for the midstream market vertical
- Simple, intuitive interface in a SaaS environment
- Industry customization allows for fast and easy deployment
- Scalable solutions allow operators, small and large, to quickly realize value
- Seamless adoption of your existing policies and procedures
- Easy integration with existing IT architecture
- Robust data security and access controls
MIDSTREAM OPERATOR BENEFITS
- Consolidate spend onto a single platform to improve control
- Make better sourcing decisions through improved market insight
- Single platform to manage vendor communication from source to pay
- Improve evaluation of supplier performance and risk
- Reduce time to execute buys and evaluate bids by 30-50%
- Streamline transaction processing to eliminate paperwork
- Ensure compliance and improve supply chain risk management
- Increase transparency into purchasing behaviors and spending trends
- Access a larger network of vendors
SERVICE & EQUIPMENT PROVIDER BENEFITS
- Access a larger network of customers
- Accelerate the sales cycle while reducing sales acquisition cost
- Better manage the sales cycle and customer communication
- Streamline transaction processing and accelerate cash collection
- Improve market insight with win-loss analysis and selection criteria feedback
- Ensure compliance, enhance controls and better manage customer risk
- Expand understanding of customer buying behaviors and market needs
- Make better investment decisions through improved market insight
VMI-Midstream is a procurement and supply chain solution specifically designed for the Midstream industry by seasoned industry veterans.
Highly fragmented market participation across the value chain, complex business models and certain long-established business practices have led to structural inefficiencies within both the market and participant organizations. These structural characteristics prevent the industry from reaching its efficiency potential.
VMI-Midstream is designed to influence these structural roadblocks. Our mission is to enable efficiency improvement by facilitating a better connected and more transparent market place.
The VMI-Midstream platform utilizes cutting edge technology to streamline and simplify existing processes thereby providing substantial back-office benefit to both Midstream Operators and their suppliers. In addition, streamlined bid and procurement processes return substantial time to both buyers and vendors, allowing them to redirect resources toward more value accretive activities.