VMI-Upstream is a cloud based procurement and supply chain solution specifically designed for the upstream 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
E&P COMPANY 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-Upstream is a procurement and supply chain solution specifically designed for the Oil & Gas 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-Upstream 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-Upstream platform utilizes cutting edge technology to streamline and simplify existing processes thereby providing substantial back-office benefit to both E&P Companies 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.