As the global demand for energy has gone up, energy and engineering sector is beefing up its capital expenditure. The oil and gas industry is executing more and more capital projects with the scope of these capital projects being a wide range from oil exploration, production or refining to delivering oil and gas to the market. This sector relies completely on suppliers and contractors hence making it more important to manage these suppliers and contractors to meet the schedule with best quality while reducing operating cost. The suppliers and contractors are of wide range from small fab shops to global engineering, procurement and construction companies (EPCs) around the world.
This rise in capital projects has created a need to systematically manage the collaboration of Owner Operators with their suppliers. These projects are large and complex and can have hundreds of suppliers, contractors and sub-contractors located in different parts of the world. This demands for an increased level of cooperation and collaboration between the owners and suppliers. Given the size of a project and large number of deliverables from each supplier, it has been a challenge to manage each supplier and contractor with every deliverable individually. The current inefficient ways (email, ftp, internal network) for managing the approval process of deliverables and constant back-and-forth of transmittals and contract deliverables increases the risk of misplacing, losing track of right set of deliverables and large documents handling.
With EMC Supplier Exchange, an industry specific SaaS solution especially designed for energy and engineering addresses the key challenge providing secure environment where both owners as well as suppliers and contractors can access the documents and deliverables involved.
This video demonstrates the value of increased project and operational efficiency, lower administrative costs with no extra IT investment, improved productivity and reduced risk of disputes to meet the project schedule.
Thus, EMC Supplier Exchange makes collaboration with suppliers more effective and simpler to manage.