The Oil and Gas industry is not the only supply chain model living in the past.The leaders of many back-office functions cling on to manual and inefficient processes as though they can maintain these costly and slow to react organisations. It is not just technology that offers the means to change for the better. Significant as IOT, Wearables, Big & Complete Data, Self-Service Analytics etc are. The management of people and change is equally important. Major technology projects fail with depressing regularity- under spec, over budget and late- sometimes all three. It's the human aspect that is often the barrier
We know that the oil and gas industry is decades behind other industries when it comes to the supply chain with traditional, manual, costly and inefficient methods still being adopted. And we also know that supply chain inefficiency costs the industry billions of dollars each year. So why are we not taking action? In the past, high margins helped to hide these issues. However, falling oil prices and ever increasing costs has exposed this area as companies look to cut spending anywhere that they can. Investing in the latest SCI’s will not only provide the industry with must needed cost savings now, but will ensure competitive advantage, enhanced business intelligence and seamless integration of business processes in the future.