SupplyChain Magazine August 2019 | Page 37

CLICK TO WATCH : ‘ HOW REQUIS WORKS – SELLING EXCESS ASSETS ON REQUIS ’
37 networks . “ A tier-one operator in oil and gas , for example , will buy a certain amount of assets . They ’ ll have some surplus assets available ,” explains Martin . “ The way procurement works now is you have an operator that will certify suppliers to sell them certain assets . They ’ ll go and produce an RFQ , get a price on that asset and then start to work with that supplier as they keep moving forward .”
A Requis-enabled world provides companies with more options . “ Let ’ s say you ’ re looking for a particular asset . First , you would see that asset is available from
your certified supplier at a certain price . You could also see another supplier has another suitable asset for you to buy at a different price . Now , they ’ re not currently certified to sell that asset to an operator but Requis can assist with that process . A third option would be the marketplace . You have these different options that you would not have traditionally seen as an example of the benefit of bringing all the participants onto one platform at a time ,” Martin enthuses . The benefit of bringing a whole network of buyers and suppliers , that otherwise operate in quite disparate
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