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Practical guidance on investment recovery, surplus sales, procurement, and building a circular economy.
In the complex ecosystem of offshore energy, the deep-water giants often dominate the headlines. However, some of the industry’s most critical engineering challenges occur in the "shallows"—zones where high tidal ranges, shifting seabeds, and harsh weather create a logistical nightmare for standard
Read moreIn the complex ecosystem of offshore energy, some vessels do more than just drill—they serve as the central nervous system for an entire field. The Irish Sea Pioneer is one such asset, designated as an Operating Support Vessel (OSV) rather than a standard jack-up.
Read moreAs the effects of climate change continue and scientific communities around the world urge citizens and businesses alike to make more eco-friendly decisions, more organizations are prioritizing net-zero emissions. However, doing so is a huge undertaking that many capital procurement teams are unpr
Read moreAs data volumes and complexity grow, procurement professionals increasingly recognize the need for accurate and transparent data management. This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks. Data has long been a problem for procurement,
Read moreBusinesses across the globe are setting more sustainable and environmentally focused initiatives. However, even though 90% of business leaders think sustainability is necessary, only 60% of companies have a sustainability strategy in place to move the needle. The United Nations released the 2030 A
Read moreRequis recognizes the importance of building a platform that easily connects with your existing technology solutions. Leverage our API and App Store to banish data silos. After years of using legacy programs that leave much to be desired, forward-thinking procurement leaders are recognizing the impo
Read moreRequis’ Public API resolves data silos and provides Energy, Construction, and Manufacturing industries a way to connect relevant data for reduced risk and higher ROI. Data is the lifeblood of any capital procurement project. No matter the industry, the ability to source suppliers and materials usin
Read moreAs humans continue to smash through our planet’s safe environmental limits, The Circle Economy’s 2023 Circularity Report acts as an urgent call for a change in global material consumption. Understanding Current Circularity Issues After years of research, report authors offer several measures that
Read moreThe construction industry lost $1.84 trillion due to insufficient data used in decision-making. Requis’ API creates a digital bridge between financial, asset management, and procurement technologies used by energy and resource operators and engineering and construction companies. The API transfers i
Read moreWith a click of a button, operators can map, share and access their peers' material and equipment inventory globally in a central and collaborative "digital warehouse." Requis Visibility will give maintenance and turnaround teams, supply chain professionals, and project managers access to material a
Read moreIn an episode of Supply Chain Next, Humberto Olivo, Managing Partner at Volpi Ventures LLC, discusses investing in new technologies for a sustainable world. When asked how he found his way to sustainable investment, he stated, "My background is in the financial sector as a trader, investment banker,
Read moreIn Part Two of this series, this blog discusses how advanced technologies and digital platforms support improved connectivity and communication between suppliers and buyers in digital procurement. In Part 1 of this series, we discussed how suppliers are disadvantaged because most software applicati
Read moreIn today’s marketplace, suppliers can use collaborative relationships and digital platforms to shift from a cost-reduction focus to build-value cultures. In the global marketplace, traditional procurement processes are not efficient. Remote work and an increase in digitization have radically change
Read moreA recent PwC Global Digital Procurement survey reported that over 50% of responding companies struggle to leverage their procurement data. Consequently, many organizations are reevaluating their supply chain and sourcing systems, including risk management, cost reductions, strategic sourcing, and tr
Read moreEnterprises need a KPI that transforms supply chains to be more circular in resource consumption and management — the Circularity Ratio is the answer here's why. The circularity ratio is the latest KPI that can revolutionize the circular economy. Similar to the power usage effectiveness (PUE) metric
Read moreRequis has launched an educational webinar series, NetworkED, to provide valuable information for its community. Sustainability is a tough conversation. However, innovators, Tradewater and Requis are empowering businesses to attain sustainable supply chains and reduce their carbon footprint. As pa
Read moreGlobally, organizations are investing significant resources to become carbon neutral. By definition, net-carbon zero includes reducing the entire enterprise’s carbon footprint. Consequently, carbon—management accounting associated with procurement is a challenge and requires rethinking supply chain
Read moreCompanies are under pressure to improve their ESG performance to investors, the government, and the public. Besides environmental practices, ESG initiatives include developing supplier diversity programs. Such policies address creating supply chain and procurement plans with diverse groups, such as
Read moreRequis has created a new logo to reflect the evolution of our growing company as it enters its fourth year since its formation while maintaining our position as the marketplace leader. Our Enterprise Cloud-Based Platform provides value to procurement, circular economy services, and supply chain le
Read moreThe largest decarbonization project in Europe is following a sustainable approach. Drax, the leading UK provider of biomass-based electricity, submitted plans to construct the largest bioenergy with carbon capture and storage (BECCS) operation at its North Yorkshire power station. Working with its e
Read moreAfter years of buying and trying single-vendor software suites, organizations realize these options fail to deliver the desired results, especially in procurement and supply chain management. Legacy software attempts to do “everything for everyone” across the enterprise but the impact is users' prod
Read moreAs part of Supply Chain Week 2022, Esther Chan, Senior Manager of Global SCM of Requis, led a lively panel discussion with end users and technology providers about digital supply chain management developments. Ms. Chan opened the session by asking the panel, “How are industry leaders approaching dig
Read moreRequis’ software improves RFX and ESG reporting for supplier qualifications and other product enhancements As companies adopt more digital technologies, project and supply-chain managers still encounter productivity barriers, including: Lack of transparency of partners and suppliers Outdated informa
Read moreCOVID-19 exposed the grave weaknesses present in supply chains. Consequently, project managers, supply-chain management, and compliance groups are searching for ways to strengthen supply chains and minimize risks from material shortages, dependency on overseas suppliers, and geopolitics. At Requis,
Read moreIn a recent podcast, Richard Donaldson, Vice President of Management and Marketing of Requis, and a diverse industry panel discuss the progress in moving toward a circular economy and the transformation of supply chains. In conjunction with the second International Supply Chain Day, this panel also
Read moreIn year two of our quest to bring visibility to the supply chain industry's problems, both within the enterprises that manage them and in the public eye, we hope more businesses put effort into supply chain transparency. This hope, in turn, will allow the inefficiencies to surface so they can contin
Read moreThe pandemic fostered a willingness to do things differently which allowed us to create a private forum for oil and gas operators to conduct business The Operator Forum is a flexible, fluid program that exists to foster the circulation of surplus assets between end-user oilfield operators. Membershi
Read moreWeighted score capabilities are now available on Requis’ Sourcing platform. Requis has rolled out a new feature that allows weighted scoring prioritization to compare suppliers and contractors to set up corporate supplier scoring and understand the delta between projects and corporate-level activit
Read moreInvestment recovery expert Lisa DeViney explores how asset visibility helps your organization optimize inventory, save on costs by redeploying, and recover costs by recirculating anything that you can’t use.
Read moreImproving the sustainability of our supply chains is essential to the health of our planet. Requis users can now purchase carbon credits to help offset the carbon footprint of their organization’s activities. This article provide answers to FAQs about how Tradewater projects work, how purchasing cre
Read moreWith organizations of all sizes anxious to do their part to fight climate change, the pressure has never been higher to ensure that carbon capture and avoidance projects are bona fide. While “high-quality carbon credits” is not a common term, it is a term that some oversight organizations are using
Read moreLisa DeViney outlines the mood and the highlights from the Investment Recovery Association Conference in Alexandria, VA in 2021.
Read moreRequis' first carbon credit partner is Tradewater, whose work eliminates harmful greenhouse gases permanently through incineration in highly regulated facilities. Refrigerants like CFCs and HCFCs can be up to 10,900 times more potent than CO2, so their work is an important part of the fight against
Read moreOil and gas companies, especially those in the Gulf of Mexico, deal with storms every year and have well-developed protocols to manage disasters including hurricanes like Ida. Lisa DeViney, an experienced supply chain manager who has dealt with disaster recovery, provides an overview of some of the
Read moreOur vision for customer support is to have a full team of experts available to get the answers you need NOW. Here's how we do it.
Read moreInternational Supply Chain Day isn't just a day of awareness. We've developed a 10-year action plan to help industry move forward on sustainability, visibility and resilience. We have no doubt that the plan will change along the way, but you need big goals to make real progress.
Read moreNot only should we be talking about circularity and sustainability, we should start developing a global sustainability KPI for supply chain. Starting with the first International Supply Chain Day on June 4, 2021 we're challenging the supply chain community to agree on that metric.
Read moreCreating a greater transparency in supply chains will help make them better for all stakeholders and for the environment. That's why we're calling for the creation of an International Supply Chain Day on June 4.
Read moreIn sourcing, what is becoming more important is not just the product itself, but also the time for delivery, circularity, reduction of project schedule and overall time on the tools.
Read moreSolving for supply chain visibility is complex, but with the increasing numbers of investors and startups comes hope for better solutions. It’s also heartening to see the growth in demand for sustainability-related solutions.
Read moreGartner is justifiably famous for their Magic Quadrant evaluations. But their term for supply chain platforms, multienterprise supply chain business networks (MESCBNs), is problematic. Here's why.
Read moreDigitizing asset records is not only the first step in leveraging technologies like IoT and machine learning, it enables powerful analytics. This is just one reason why asset management is going to get more focus in the months and years to come.
Read moreThere’s no one-size-fits-all process to digital transformation, but there are some essential steps that any business can take to discover the right path.
Read moreMarket factors, the need to cut costs, and new technologies are prompting more investment in renewables by upstream energy companies.
Read moreWhy oil and gas operators should be selling more of their idle assets, how they could be getting more for what they sell, and the PR win they’ll gain when they sell the right way.
Read moreDave Anderson, Brian Aoaeh and Ryan Floyd, all veteran venture capitalists, explain why they're looking hard at investing in tech for supply chain right now.
Read moreEven though the doomsayer headlines keep coming, the oil and gas industry is not going away. It will definitely change, however, to become greener and more efficient—but there will always be drilling.
Read moreDigital twins are essential for businesses that want to improve efficiency, mitigate risks, and take advantage of other advanced technologies like machine learning/AI.
Read moreWe are on the brink of a major shift in the way that businesses work. Enabled by ever-improving digital infrastructure, spurred on by technical innovations of all kinds, and accelerated by the COVID-19 pandemic, supply chains are increasingly evolving into value networks.
Read moreWhat we can learn from the supply chains that adapted more easily to COVID-19 disruptions. One thing is clear: digitization is the essential first step.
Read moreBusiness ROI and the circular economy go hand in hand. In this article, we did the math on the potential benefit for businesses and the environment. Spoiler: it’s massive.
Read moreAs we enter the Decade of Supply Chain, any enterprises that haven't achieved E2E digitization will need a playbook— like the one we've provided here.
Read moreWe look beyond the hype to find the factors that are really shaping the landscape for B2B supply chain in 2020…. with a few surprises!
Read moreMajor industries like energy, manufacturing, IT, or mining and resources could become a very important part of the circular economy. Forward thinking companies are already leveraging it to improve their bottom line.
Read moreBecause supply chain is the one part of the business that can never fail, supply chain managers can be hesitant to change. Here's a way to manage the risk.
Read moreHow AI and machine learning can help investment recovery professionals with their disposition efforts via data extraction and collection and field collaboration.
Read moreHere are seven key ways that business platforms differ from consumer platforms.
Read moreVale surplus assets up for auction include a Siemens filter press, large laboratory equipment and glassware lots.
Read moreRequis is proud to announce that Shell Qatar holding its second asset auction on the platform. Their first auction was a great success and we’re excited that they’re taking another opportunity to convert unused assets to free capital. All auctions photos and inventories are currently available to vi
Read moreCSCMP Edge 2019 in Anaheim was a great conference, highlighting the best new ideas in supply chain management. Here were our takeaways from the event.
Read moreEvan Jones spent the summer as a developer intern at Requis. Here's what he had to say about the culture, the team, and his experience with us.
Read moreOver 3,000 individual assets are up for bidding including OCTG, completion and drilling tools, subsea and wellhead equipment, and seals and gaskets.
Read moreDigitalizing your supply chain now will help your business prepare to take advantage of new technologies more easily—before you get left behind.
Read moreOnce you’ve made the decision to sell rather than to redeploy unused assets, the next challenge becomes maximizing your recovery. So how do you get the best value for your surplus items?
Read moreOver the past 10 years, we have radically changed the way we search, buy, sell, and even own, goods and services. Whether we realize it or not, we are digitizing every aspect of our personal lives. So why is it that our working lives are still so different?
Read moreWe explain some of the weekly release innovation highlights we’ve experienced in the 10 months since we launched Requis and tease some forthcoming updates.
Read moreIt is not radical thinking to simplify the enterprise supply chain and manage assets throughout the asset lifecycle to buy, sell, procure and analyze assets.
Read moreThe enterprise supply chain is here. The digitization of procurement and overall asset lifecycle means improved costs and time.
Read moreRequis is an online industrial marketplace with the vision to help break silos between industries and enable people to work collaboratively vs side by side.
Read moreIt is hard to find certified original equipment manufacturer (OEM) refurbished industrial material. Learn how the Requis Marketplace is changing all of that.
Read moreRichard Donaldson, Silicon Valley veteran, eBay alumni and Head of Supply Chain Platform Innovation & Strategy talks about the early days of Requis.
Read moreFind out how Requis aligns financial and environmental targets for both buyers and sellers for capital projects.
