CC-01-151 Integrated Supply Chain Management in the Oil Industry

Description:

The oil industry of the new millennium is undergoing many simultaneous changes that will alter forever how it conducts its business. In the critical area of downstream supply chain management there are numerous changes taking place both internal and external to the oil companies that will significantly alter how employees both think about and manage their respective supply chains. The primary goal of effective supply chain management in the downstream oil business is to leverage employees, business processes and supply chain infrastructure to create a sustainable competitive advantage by fulfilling customer requirements optimally while maximizing ROI. Accomplishment of this goal relies on getting planners, schedulers, traders, operating people and accountants focused on the common goal of minimizing expenses and maximizing efficiencies, margins and profits. The trends that are now well underway are not to be taken lightly as they are in the process of imposing new supply chain standards on an industry that has lagged behind others in aggressively improving how it manages its supply chain.