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Tag: BPO

Is It Time You Implemented Consignment Inventory Management ?

Effective inventory management is critical to the profitable rig operations. In many cases, consignment inventory is a practical solution to inventory challenges. Let’s look at the benefits of consignment inventory as well as some things that tend to stand in the way of exploring this option. Typical consignment inventory agreements allow […]

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Why Should an Energy Company Consider BPO for Supply Chain Functions?

In today’s environment of low commodity prices and reduced earnings, oil and gas companies need to be more innovative than ever in optimizing the efficiency of their supply chains. Unfortunately, many firms overlook the possibility of outsourcing their supply chain management. Business process outsourcing, or BPO, for supply chain functions, […]

Improve Inventory Accuracy In The O&G Industry -10 Tips

    In today’s economic climate, most leaders recognize that effective inventory management will result in significant cost savings and is a barometer of corporate health. A key component is ensuring that on-hand inventory is kept accurate, along with processes to determine the root cause of those variances and clear plans […]