OpenInsights provides visibility your supply chain team needs to source materials, manage vendors and optimize collaboration between supply chain and operations.
OpenInsights, a spend analytics software solution, provides operators visibility into goods and services spend at a granular level, so you know where every last dollar is spent.
Analyze goods and services by category and attribute level to identify pricing trends and find new cost-saving opportunities.
Evaluate price differentials between different suppliers to identify variance across vendors, outlier pricing and pricing consistency.
Trying to reduce costs as a blanket effort is time-consuming and inefficient. Leveraging market indices to benchmark your goods and services pricing to the market by region allows you to find opportunities to improve.
Use OpenInsights to evaluate pricing by vendors to understand price consistency across your supplier network and define preferred vendors.
Learn more about OpenInsights, a spend analytics software solution, provides operators visibility into goods and services spend at a granular level. Get the insights your supply chain team needs to strategically source materials, manage vendors, and optimize collaboration between your supply chain and operations.
– Supply Chain Analytics Manager, Large Operator
With more than 50,000 active oil & gas suppliers submitting invoices and field tickets into our network, and more than $190 billion in industry spend data, Enverus OpenInsights cracked the code on category-specific supply chain data. By analyzing millions of lines of complex, unstructured data and normalizing it through descriptive attributes, supply chain organizations can quickly analyze their own spend data at a granular level to identify where every dollar is being spent — without any tedious onboarding process or IT resources required.
Our solutions run on the largest buyer-supplier oil & gas network of operators, midstream companies and oilfield services suppliers.
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