Strategic sourcing in the oil and gas industry is a procurement approach that focuses on long-term planning, cost-efficiency, and supplier relationship management rather than just short-term price negotiation. Given the industry’s volatile and capital-intensive nature, a strategic sourcing model helps oil and gas procurement companies optimize sourcing decisions for critical materials, equipment, and services.
MeRLIN’s oil and gas sourcing software supports this by offering real-time visibility across the procurement cycle, automating supplier onboarding and performance tracking, and enabling informed decisions through analytics. It ensures better alignment with project goals, improved contract compliance, and enhanced transparency—all while reducing supply chain risks and driving cost down.