CC-01-150 THE OIL INDUSTRY IN THE POST DOT COM WORLD

Description:

In the wake of the "Dot Com" bubble bursting, the demand for Supply Chain Management solutions continues to grow at an incredible pace because of the significant underlying value being delivered to customers. These tools are fundamentally restructuring other industries and helping businesses to be more responsive to their customers, reduce cost and collaborate in profound new ways with their customers and suppliers. The oil industry continues to deal with incredible changes driven by continued consolidation, increasing financial and regulatory pressures, loss of experienced resources to retirement and an increasingly complex technology landscape. The challenge is to examine the oil industries historical focus on pushing crude through an extended supply chain as cost effectively as possible and look for opportunities from leveraging these new technologies. This paper will examine a number of the key trends, that are likely to result from the application of the these solutions and approaches to the oil industry.