Procurement Challenges in Oil and Gas Industry | SHIPMATE
Thanks to the ever-evolving global business landscapes, the oil and gas industry has become highly competitive. With international interests, changing international diplomacies and an increased interest of countries like China, the Oil and Gas production industry is no longer what it used to be a few years ago. Today, the industry is facing challenges like never before, especially when it comes to procurement. Find out what the most common oil industry problems are and how to overcome procurement challenges. Procurement in the Oil & Gas Industry The Oil and Gas industry cannot function without a functioning cycle of supply chain management, logistics and procurement. The intricate network of raw material sourcing and processing, to distribution and supplies, requires multiple businesses spanning dozens of industries. So what is procurement in the oil and gas industry? In the strict sense of the word, procurement in the oil and gas sector refers to the process of managing contr...