article thumbnail

Six EAM trends pushing the oil and gas industries forward

IBM Business Partners

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. It offers a holistic view, providing critical data about asset condition, location and efficiency.

article thumbnail

The Complete Supplier Compliance Process

Obobo

The requirement for an efficient and effective vendor compliance program is non-negotiable when it comes to reducing costs and building strong, mutually beneficial relationships with your vendors. A clear and consistent expectation-and ramifications for noncompliance-is the key to vendor risk management and vendor compliance.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Complete Supplier Compliance Process

Obobo

The requirement for an efficient and effective vendor compliance program is non-negotiable when it comes to reducing costs and building strong, mutually beneficial relationships with your vendors. A clear and consistent expectation-and ramifications for noncompliance-is the key to vendor risk management and vendor compliance.

article thumbnail

The Top 8 Business Travel Management Tools

Planergy Software

Time and Cost Efficiency Employees may better understand their travel requirements and preferences, which can result in quicker decision-making and efficient bookings. Cost Control When employees are responsible for booking their own travel, they tend to be more mindful of costs.

article thumbnail

What Is Vendor Contract Management And Why Is It Important?

Obobo

Are you familiar with Vendor Contract Management? As businesses depend on various vendors and suppliers to provide parts and services, managing vendor contracts is a crucial aspect of maintaining operational efficiency. Ensuring proper Vendor Contract Management can benefit organizations in several ways.

article thumbnail

What Is Contract Management Lifecycle And Why Is It Important?

Obobo

Implementing an effective Contract Management Lifecycle helps organizations effectively manage risks, achieve better financial outcomes, and ensure that contracts are in compliance with regulatory requirements. What is the Contract Management Lifecycle? Do you ever wonder how businesses manage their contracts?