Engineering, Construction & Operation
Industry at a Glance
The EC&O industry has historically lagged behind in digital maturity compared to other sectors, with procurement practices often being tactical and project-specific rather than strategically aligned at an enterprise level. Each project operates as a standalone entity, allowing project managers significant autonomy in establishing supply chains and labor forces. However, this approach leads to inefficiencies and fragmented supplier relationships. The industry is now shifting towards more mature procurement governance models, including centralized shared service centers, to enhance efficiency and cost optimization. Digital solutions offer transformative potential by streamlining processes and improving visibility across projects. In APAC, countries like China and Australia are driving this shift, leveraging digital technologies to modernize procurement practices and improve project outcomes..
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