NCOC Partners with GEP Software to Revolutionize Procurement Operations in Kazakhstan

Transforming Procurement: NCOC Selects GEP Software

In a significant move towards modernizing its operations, the North Caspian Operating Company N.V. (NCOC) has partnered with GEP, a prominent provider of AI-driven procurement and supply chain solutions. This collaboration aims to enhance NCOC's source-to-pay (S2P) processes, ultimately driving greater efficiency and value across its procurement operations.

NCOC, which operates the Kashagan oil field in Kazakhstan—recognized as one of the largest oil discoveries in recent decades—will leverage GEP's advanced software solutions located in Atyrau, Kazakhstan. GEP SOFTWARE is known for its flexibility, intuitive design, and seamless integration capabilities with existing digital solutions. With this enhancement, NCOC aims to boost various procurement functions, such as sourcing, analytics, supplier management, and contract management.

Key Benefits of GEP Software for NCOC

The adoption of GEP Software is set to bring multiple advantages to NCOC:

1. Enhanced Visibility: By implementing this advanced software, NCOC aims to increase visibility across its entire S2P procurement process. This visibility is vital for obtaining better insights, uncovering new opportunities for value creation, and making informed decisions.

2. Strategic Sourcing Tools: The software will empower NCOC with strategic sourcing tools that enable them to identify cost-saving opportunities effectively, negotiate better deals, and foster strong relationships with suppliers.

3. Risk Mitigation: GEP's solutions provide comprehensive supplier performance evaluations, which helps in mitigating risks associated with supplier reliability and quality.

4. Operational Efficiency: By automating routine procurement tasks, GEP Software strengthens NCOC's procurement operations, ultimately improving overall efficiency and allowing team members to focus on more strategic initiatives.

GEP Software Suite

GEP SOFTWARE includes several cutting-edge platforms such as GEP SMART™, recognized as the world's best procurement software for two consecutive years, GEP NEXXE™, a next-generation cloud-native supply chain platform, and GEP GREEN™, aimed at measuring and advancing organizational sustainability. The backbone of these offerings is GEP QUANTUM, which is designed as an AI-first low-code platform to streamline processes and speed up adoption.

GEP Software is not only tailored to enhance procurement functions but is also built on a foundation of cutting-edge technology, including machine learning, cognitive computing, and mobile technology. This integration ensures seamless collaboration with third-party systems such as SAP and Oracle, enhancing the overall efficacy of the procurement department.

Conclusion

The selection of GEP Software by NCOC signifies a critical shift in how procurement operations will be managed in Kazakhstan’s thriving energy sector. By leveraging advanced technology to transform its procurement processes, NCOC aims to bolster its operational resilience, competitiveness, and profitability. This collaboration is expected to set a benchmark for other companies in the region, highlighting the importance of innovative solutions in ensuring sustained growth and efficiency.

As businesses continue to adapt to changing market conditions, partnerships like the one between GEP and NCOC serve as an inspiration for continuously seeking advancements in procurement and supply chain management.