Global Procurement and Supply Chain management practices

Procurement and supply chain management are being relied upon more and more to make a
difference to organisations where they are operating in very uncertain times. Procurement
particularly is under constant pressure to make dynamic and meaningful contributions to the
bottom line operating costs and, at the same time, reducing capital expenditure. Maintaining
best practice in procurement and supply chain management is a core requirement for those
operating in the global Oil and Gas industry. Supplier / operator relationships are now so
very crucial due to the volatility in oil prices is causing real monetary concern across the
industry. It is now vital that the procurement and supply chain functions collaborate their
efforts and expertise to cope with the complexity of the present operating environment.
OBJECTIVES
It is essential for Procurement and Supply Chain professionals to adapt supply chain
practices to fit the current market and they must understand the need for:
 Reassessment of current E&P procurement strategies
 Streamlining processes
 Adopt contemporary practices
 Building robust internal supply planning capabilities
 Collaboration