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Oil And Gas Procurement And Contracting

657 words - 3 pages

Oil & Gas (Energy) are the top commodities that have been in question for many years. How long will these resources last? What will do in the long run when resources start to twiddle down? It is the age old question of supply and demand from a procurement perspective. This is a matter of understanding from inside an organization what it takes to fulfill the supply and demand of the industry. Having the right resources to find and implement a plan is necessary when trying to achieve a plan of sourcing the supply, understanding the market place, finding the competition and analyzing the supplier.
All business are in need of supply and understanding the function that is necessary when developing a business can help gage the physical input of the quality and the overall functionality of the supply role. Having the right factors in supply can give us a better understand of the timing and quality. For example, to help stream line the quality of supply companies must set guidelines and performance meters to ensure the productivity and investments. This allows for less risk in knowing the availability of the supply. As stated by National Academy of Sciences (2008) “They're also affected by the economy, possible new laws and regulations governing energy choices (such as emissions of carbon dioxide and other gases), worldwide demand, the policies and political stability of petroleum-rich nations, lifestyle choices and business decisions, climate change, and the pace of developments in science and engineering.” Although, sourcing supply deals a small aspect of the supply in demand there is the suppliers.
Suppliers are plentiful but choosing the right supplier has its advantages. Understand the supplier is a must from this you can determine if the supplier is focused on the companies same outlook. This is an important as the buyer depend on the partnership the suppler provides. The connection between procurement organization and selecting suppliers to add value is that the historic focus of procurement organization...

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