How GEP Software Will Support NCOC’S Procurement Operations

Source-to-Pay (S2P) processes can transform software solutions by reducing manual efforts, improving efficiency and automating workflows.

Not only will these solutions enable data-driven decision-making and cost optimisation but they will also align procurement strategies with sustainability goals and ensure compliance with regulatory requirements.

Leading oil and gas operator in the North Caspian Sea, the North Caspian Operating Company (NCOC), has chosen GEP software to improve its source-to-pay processes.

These software solutions will help to strengthen procurement operations by automating routine tasks, build stronger supplier relationships and increase visibility into the entire S2P procurement process to provide insights to uncover greater value. 

What challenges does NCOC face?

The North Caspian Operating Company faces several procurement challenges due to the nature of the oil and gas industry, the scale of its operations and the specific problems that derive from its operations. 

These complexities result in several challenges arising, including:

• Complex supply chain requirements
  ​​​​​​​Specialised equipment and materials (which are often from global suppliers) are needed to operate in the Caspian Sea
• Regulatory compliance
  The oil and gas industry features an abundance of local and international regulations on safety, environmental standards and procurement
• Supplier management
  NCOC must manage many local and global suppliers and ensure they meet all environmental, safety and quality standards
• Sustainability 
  NCOC faces greater complexities from integrating sustainable procurement practices and ensuring many suppliers have robust ESG morals 

These challenges result in greater complexity in procurement decisions, strained financial performance, regulatory pressures and supply chain disruptions. 

Therefore, the NCOC must adopt efficient procurement software to streamline complex processes, enhance operational efficiency and ensure its procurement strategies align with both its sustainability and financial goals. 

What impact will GEP software have on NCOC?

GEP software strives to support global enterprises to become competitive and profitable through AI-driven digital procurement and supply chain platforms, such as GEP SMART, GEP NEXXE and GEP GREEN.

By implementing GEP software, NCOC will enhance operational efficiency, streamline Source-to-Pay workflows and minimise manual errors. 

The software will secure NCOC’s future of success in the dynamic and competitive oil and gas industry by creating many benefits, such as:

• Identify cost-saving opportunities through real-time spend analysis
• Enhanced supply chain visibility to monitor supplier performance
• Greater compliance to environmental standards and local regulations
• Sustainability metrics to promote greener practices
• AI-driven insights to enable faster, data-driven decisions
• Adaptability for NCOC to navigate price fluctuations

Abdel Halim of GEP Consulting, Abu Dhabi, says: “We are excited to support NCOC, the operator of the significant North Caspian Project in Kazakhstan, in strengthening its procurement, managing growth and delivering greater value to its stakeholders." 

GEP software

GEP software provides end-to-end solutions for sourcing, spend management, supplier management, logistics and contract management to optimise procurement and supply chain management processes. 

It is used across a wide range of industries, such as manufacturing, retail, healthcare, technology and oil and gas due to its ability to offer specific solutions for individual challenges faced in each industry.

Organisations can transform their procurement and supply chain operations to drive, growth, innovation and sustainability by leveraging the potential of GEP Software.

GEP has consistently demonstrated its resilience and adaptability against international disruption by making amends to its software.

Subhash Makhiji, CEO of GEP Worldwide, explains how the organisation adapted to the disruption felt as a result of COVID-19: "The whole digitisation and automation on the supply chain which took place in the last year (in 2020-2021) usually would take three, four or five years. We saw a massive amount of demand. 

"We actually grew 32 percent last year (2020), which is in line with what we have been growing for the last five to seven years."

"[...] the old algorithms which we built and other software vendors built for demand planning, which were based on historical data, all fell through.”

“What happened 15 months ago is irrelevant. [...]We revised our algorithms for our software, which we believe now is much more accurate and allows us to connect demand with the supply.”

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