The global forecast states that the demand for energy will continue to increase, albeit slower, over the next 25 years. With the world using so much energy, the outlook for growth in the oil and gas industry is still very good.

However, in the ‘short term,’ the oil and gas industry is faced with an abundance of supply and industry consolidation as production has fallen significantly. Fortunately, there have been recent signs of increased business activity.

Oil and gas resources are commodities that are volatile in price. The pricing is due to their susceptibility to changes in the supply and demand. Still, executives in this industry expect results and ask stakeholders to pursue efficiency as well as reduce product costs whenever possible.

Now is the time to work on the supply chain and manage these costs. Every year hundreds of companies save billions of dollars through advanced strategic sourcing processes and supply chain management initiatives.

Just like Ford Motor Company, or Apple, Inc., your firm can implement the same programs. By using these same analytics and sourcing programs, you can gain ‘hard dollar’ savings. Furthermore, the sooner you begin putting these programs in place, the sooner you will start realizing the cumulative savings from these programs.

It doesn’t matter what part of the industry you are in, we can help your company apply ‘best practices.’ We’ll analyze your situation, develop customized solutions, and assist in the implementation so you can improve the bottom line today.

Related Topics

Transforming Procurement Operations. Today, procurement is expected to bring value to the entire business enterprise.  Some organizations have difficulty migrating their legacy processes to more advanced procurement models.  For more on this topic, please follow this link.

Process Management. It is important to have ‘effective business processes’ in place. Otherwise it is very difficult to reach high performance levels. For more on this topic, please follow this link.

Organizational Structure and Performance. Top performing organizations require structure, culture and resources to produce high performance. Departments designed around four areas achieve high performance levels. For more on this topic, please follow this link.

Manufacturing and Supply Chain Services

We are Manufacturing and Supply Chain Services, MSCS, specializing in enterprise wide production and operations management programs. Our company’s proprietary processes and services promote organization, control and cost reduction boosting your company’s bottom line. How can we help you?

Learn more about MSCS’s procurement and supply chain programs.