RESOURCE SHARING AND STRATEGIC ALLIANCES-REDUCTION OF OILFIELD COSTS THROUGH INNOVATIVE SUPPLY CHAIN MANAGEMENT

1998 ◽  
Vol 38 (1) ◽  
pp. 570
Author(s):  
A.R.J. Schenk
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
North Sea ◽  
Strategic Alliances ◽  
Resource Sharing ◽  
Oil And Gas Industry ◽  
The United States ◽  
Chain Management ◽  
The North ◽  
The North Sea

Supply chain management is the relatively recently implemented concept of managing an integrated supply function from production of a product or service to its receipt by its ultimate end user.This management philosophy has revolutionised production and manufacturing industries throughout the world, and has brought about dramatic efficiency improvements, with similar effects upon reducing overall costs. Traditionally, this was an area that was considered of low priority, presenting little opportunity for value adding or innovation, and characterised by adversarial, uncompetitive management techniques.Similarly, in the oil and gas industry, especially in the North Sea and the Gulf of Mexico, extended supply chains have necessitated a re-evaluation of the mechanisms used not only for provision of the supply service, but in the relationship between the operator and the service provider. Most notable examples being the CRINE (Cost Reduction Initiative for the New Era) initiative in the United Kingdom and Chevron Corporation's (one of West Australian Petroleum's participants and also its technical advisor) CSQIP (Chevron Supplier Quality Improvement Process) methodology.This paper will concern itself therefore with the application of cutting edge Supply Chain Management techniques garnered from both the North Sea and the United States. Focussing specifically upon alliancing/partnering, resource sharing and outsourcing, upon West Australian Petroleum Pty Limited (WAPET) and its respective contractors.It will seek to show that through innovative use of current supply chain management tools, as well as imaginative 'out of the box' thinking by WAPET personnel and contractor personnel alike, significant cost reductions and performance improvements can be brought to bear on oilfield operating costs.

Blockchain and 6G-Based Supply Chain Management Framework for Oil and Gas Shipment

2021 ◽  
Author(s):  
Md Abdur Rahman ◽  
Syed M. Belal
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Oil And Gas ◽  
Current System ◽  
Oil And Gas Industry ◽  
Chain Process ◽  
Chain Management ◽  
It Systems ◽  
Supply Chain Management System ◽  
Gas Supply

Abstract Keeping track of the oil and gas supply chain is challenging task as the route and transportation requires sophisticated security environment - both physical systems’ and IT systems’ security. Thanks to the recent advancement in IoT, specialized sensors can keep track of the required supply chain environment. With the help of blockchain, the supply chain data can be immutably saved for further sharing with stakeholders. Due to the introduction of AI as an embedded element within 6G networks, the end-to-end supply chain process can now be automated for safety, security, and efficiency purposes. By leveraging 6G, AI, blockchain, and IoT, the supply chain data during the transportation or at rest can be monitored for any changed environment during the movement of the ship through national or international routes. In this paper, we study the requirements of such intelligent and secure supply chain management system conducive to the oil and gas industry. We also show our proof-of-concept implementation and initial test results. Our obtained results show promising prospect of the current system to be deployed to safeguard the oil and gas supply chain.

The Supply Chain Management Applied Learning Center: A university–industry collaboration

2019 ◽  
Vol 33 (2) ◽  
pp. 135-146
Author(s):  
Gregory E. Benson ◽  
Ngan N. Chau
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Educational Expectations ◽  
The United States ◽  
Learning Center ◽  
Applied Learning ◽  
Chain Management ◽  
Industry Collaboration ◽  
Skill Improvement ◽  
University Industry

In today’s changing and intensely competitive global environment, postsecondary educational programs must find ways to adapt their method of delivery to meet the educational expectations of students and talent needs of “real-world” employers. This is especially true in the evolving field of supply chain management (SCM). The purpose of this qualitative study was to assess the effectiveness of the SCM Applied Learning Center (referred to as the “Center”) at a Midwestern university in the United States by understanding its perceived value through its stakeholders—that is, participating companies and students. This understanding was achieved by interviewing stakeholders who used the Center during its initial 18-month rollout period. The data analysis from this study resulted in the emergence of the following themes: (1) developing transferable skills, (2) accelerating applied learning, (3) cultivating personal relationships, and (4) supporting business improvement. The establishment of the Center and the corresponding results from this study contribute to the literature associated with university–industry collaboration, SCM education, and the evolving role of higher education. This work provides a template to programs interested in improving their working relationship with business partners through the implementation of comparable industry collaboration activities, while at the same time providing skill improvement opportunities for their students.

Factors influencing agents’ bargaining power and collaborative innovation

2019 ◽  
Vol 31 (2) ◽  
pp. 559-574
Author(s):  
Yung-Heng Lee ◽  
Min-Ren Yan
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Strategic Alliances ◽  
Bargaining Power ◽  
Management Practices ◽  
Semiconductor Industry ◽  
Chain Management ◽  
Content Type ◽  
Factors Influencing ◽  
Collaborative Innovation

Purpose The purpose of this paper is to identify the factors influencing bargaining decisions and systematically develop a framework to support collaborative innovation within a strategic alliance. This framework can help companies resolve bargaining problems and facilitate cooperation and effective negotiation of strategic alliances to build successful business relationships. Design/methodology/approach The study considers Taiwanese agents’ bargaining power during negotiations with suppliers, using decision analysis to identify the variables affecting judgment. It uses Delphi–AHP methods to evaluate and develop a multi-criteria model explaining the critical factors to increase agents’ bargaining power and collaborative capability in the negotiation process. Findings Two significant differences between supply chain management practices and managerial specialty are found. Results suggest that better supply chain management practices of agents could assist suppliers in reducing their stock and processing delivery costs, and suppliers could offer more of their marketing planning and strategies to agents to increase confidence in each other’s products. Research limitations/implications It is hoped that this study will encourage more academics in the supply chain management field to investigate the extent to which other bargaining considerations act as facilitating or constraining factors in other Asian and non-Asian economies and other industries. Practical implications This study focuses on collaborative thinking and cooperation to develop and improve positive and relational outcomes in agent–supplier relationships. Originality/value The study analyzed the bargaining power of agents and collaborative innovation in the semiconductor industry from three major perspectives: professional competence, managerial competence and channel efficiency. The study provides effective suggestions for enhancing profits in agency-based cooperation.

Green supply chain management and innovation: a modern review

2020 ◽  
Vol 31 (2) ◽  
pp. 470-482 ◽  
Author(s):  
Lucas Silvestre de Carvalho ◽  
Nelson Oliveira Stefanelli ◽  
Lilian Carolina Viana ◽  
Diogo de Siqueira Camargo Vasconcelos ◽  
Bruno Garcia Oliveira
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
The United States ◽  
Green Supply Chain Management ◽  
Green Supply Chain ◽  
Future Research ◽  
Chain Management ◽  
Content Type ◽  
The United Kingdom ◽  
Data Source

PurposeThis paper aims to investigate the main associations between research regarding innovation and green supply chain management (GSCM).Design/methodology/approachFor this the study sought to (1) present the most cited authors in the area; (2) demonstrate the main localities that develop research with this focus; (3) list the main journals with the published research on the themes. The methodology used was a bibliometric survey using the Scopus database as the data source. The VOSviewer® software was used to perform the analysis of the database from the respective DOI® of each article.FindingsAs results of the research, it is possible to demonstrate the existence of an agglomeration of countries that are interrelated in the development of research on these themes, especially China, the United States and the United Kingdom as the main foundations of this center.Originality/valueThis paper evidences the direction of scientific research within the analyzed area, demonstrating where there is convergence for innovation in actions related to GSCM. This guidance may demonstrate possible existing and unexplored gaps so that researchers can direct future research or check gaps to be filled by the development of new processes.

scholarly journals LOGISTIC ACTIVITY OF LUKAS MTC PE: CURRENT STATE AND DIRECTIONS OF FURTHER IMPROVEMENT

2020 ◽  
pp. 112-120
Author(s):  
L.O. Syhyda ◽  
A.M. Tsunenko
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Success Factors ◽  
Swot Analysis ◽  
Electronic System ◽  
The United States ◽  
Chain Management ◽  
Erp System ◽  
Potential Risks ◽  
Logistics Activity

In the current conditions problem of logistics is becoming more and more burning for enterprises. The reason is that logistics reflects the willingness of enterprises to adapting and transparency. Accordingly, the purpose of the article is to study the peculiarities of the logistics activities at the Lukas MTC PE. The data presented in the article were obtained using such research methods as analysis, graphical method, and SWOT-analysis. As a result of the research, the literature sources devoted to the problem of supply chain management and its efficiency evaluation at the enterprises were investigated. Using Google trends, we determined the dynamics of the keyword “logistics” search for the period from May 2019 to May 2020. Additionally, based on the Scopus database, we analyzed publications for the keyword “supply chain management”. It showed that the scientists from the United States, Great Britain, India, and Germany make the main contribution in this field, and the chain concept forms the largest cluster of research. Using SWOT-analysis, we identified the strengths and weaknesses of the Lukas MTC PE. It allowed determining further directions of enterprises’ development regarding potential threats. Moreover, we presented the features of the logistics activities of the enterprise in the form of the Ishikawa diagram. It showed the success factors of the Lukas MTC PE logistics activities. In particular, as the main factors, we highlighted its own logistics center, suppliers’ careful selection and control, electronic system 1C WMS in the warehouse, and others. The obtained results allowed to suggest three main directions of the logistics activity improvement. The first is the implementation of the logistics concept "just-in-time", which provides the use of the KANBAN system. The second one is the implementation of the ERP system, and the third is the introduction of SAP Transportation Management (SAP TM). Also, we analyzed potential risks to increase the effectiveness of the proposed improvements implementation. The extreme risks are lack of material, financial, labor resources, and insufficient qualifications of employees in working with new programs. Additionally, risk analysis allowed to develop preventive measures to reduce or eliminate potential risks. Further research aims at studying the peculiarities of Lukas MTC PE interaction with suppliers.

Application of LEAN Supply Chain Management as a Panacea to Sustainable Future Profitability in the Nigerian Oil and Gas Industry

2021 ◽  
Author(s):  
Obaro Jerry Ugolo
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Online Survey ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Annual Reports ◽  
Gas Industry ◽  
Chain Management ◽  
Lean Supply Chain

Abstract The Nigeria oil and gas industry is a highly capital intensive market. with possibility of high profit or great losses. Oil price trends over the last 3 decades shows cyclical and relatively high volatility. This is due to geopolitical and economic factors including dollar value, governments and organizations (like OPEC's actions), that influence global supply and demand. In 2020, due to the COVID-19 crises, public health became a key factor influencing oil price (due to its severe adverse impact on demand). Studies have shown that even an increase in production volumes will not be able to bring about profitability in the industry. Clearly, management of costs including a lean supply chain that ensures that material/services for production are available at the right price and time is critical for the profitability of future oil and gas supply. Oil producing firms require an optimum supply level of material and services to competitively deliver its end-product. This paper discusses the effect of LEAN supply chain management on the profitability of oil & gas firms in Nigeria. It also appraises the relationship between lean processes and operational efficiency of oil and gas producing companies. Using quantitative and descriptive research design methods, an online survey has been used to gather information from respondents from different oil and gas companies. Secondary data was also obtained from annual reports of relevant companies to show their crude oil production levels vis-à-vis profitability over a five-year period. Based on analysis of information received from the research conducted, it has been recommended that better supply related collaboration between the organizations in the industry is necessary for sustained profitability. Companies need to link upstream and downstream flows of products, services and information to help reduce costs, wastages and ensure profitability. In, line with this, steps have been proferred to establish lean processes for organization. The researcher concludes that established industry-wide lean supply chain management processes and practices and collaboration e critical to competiveness and sustainable profitability in the oil and gas industry.

Sign in / Sign up

Export Citation Format

Share Document