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Success Story
Benchmarking competitors’ supply chain best practices in the Oil & Gas industry
Impact
0%
Procurement cost reduction and less dependency on international suppliers. by identifying two potential partner regional suppliers for high-pressure compressors and API-certified pumps
0%
Decrease in lead times for critical equipment deliveries ensuring smoother project timelines and reducing downtime risks.
Suggested a dual-sourcing strategy and regional warehousing, improving resilience against geopolitical and logistical disruptions.
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Client
Mid-sized refining and transportation operations solutions provider
Products
Rotating equipment (e.g., compressors, turbines, and pumps) for refining and transportation
Industries
Oil & Gas
target geo
Global
business objective
- The client, a mid-sized company in the Oil & Gas sector, faced frequent supply chain disruptions in sourcing rotating equipment essential for refining and transportation operations.
- With limited resources and a heavy reliance on international suppliers, the client sought to benchmark its supply chain strategies against industry peers, uncovering best practices to strengthen resilience and improve operational continuity.
Our solution
- Supplier Network and Risk Assessment: Analyzed the client’s supplier network to identify dependencies, lead times, and performance reliability. Conducted a risk assessment incorporating geopolitical factors, material shortages, and shipping delays to pinpoint vulnerabilities and recommend mitigation measures.
- Competitor Benchmarking and Strategy Insights: Evaluated competitors’ supply chain strategies, focusing on localized sourcing, multi-tier contracts, and contingency measures. Highlighted best practices such as predictive maintenance contracts, strategic spare parts inventories, and regional supplier partnerships to strengthen resilience.
- Technology Integration and Scenario Analysis: Recommended the adoption of digital platforms for real-time supply chain tracking and predictive analytics. Simulated disruption scenarios to propose actionable strategies like regional warehousing and blockchain-based transparency systems.
Outcome
- Identified two potential partner regional suppliers for high-pressure compressors and API-certified pumps, resulting in 12% procurement cost reduction and less dependency on international suppliers.
- Decreased lead times for critical equipment deliveries by 11%, ensuring smoother project timelines and reducing downtime risks.
- Suggested a dual-sourcing strategy and regional warehousing, improving resilience against geopolitical and logistical disruptions.
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