Inefficient supply chain management in this industry erodes profitability, delays projects and limits production. Costs that can be derived from these issues in most oil and gas companies are:
- Supplier price increases above and beyond cost of inflation
- Lower production rates from outdated drilling, completion and other technologies
- Shorter equipment life span due to unwitting acceptance of refurbished and counterfeit products presented by suppliers as new and original equipment
Sound supply chain management in the industry results in:
- Steadier and more profitable capital expansion
- Higher Return on Assets (ROA)
- Steadier price from higher operating profits and lower operating costs
- Greater oilfield productivity from steadier new technology investment
Our Solutions:
