MANAGING YOUR INDIRECT SUPPLY CHAIN: OPTIMIZATION FOR IMPROVED SUPPLY CHAIN PERFORMANCE
This past year contained many exceptional challenges for Maintenance, Repair and Operations (MRO) professionals in the energy industry, and it does not appear to be getting any easier in the years to come.
Rising operating costs along with price volatility have forced energy companies to examine sourcing strategies and the costs associated with VMI (vendor managed inventory), consignment and integrated supplier programs. Energy companies have also shifted production to areas that are both remote and unfamiliar. This sourcing transition for both production and supplies has increased the complexity and extended the length of the supply chain.