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The best way to achieve this is to provide a single, global view of all inventory available in order to intelligently source the line item components of that order, ensuring that the business can meet both current and future customer demand while optimizinginventory, logistics, and asset utilization.
Given the costs of infrastructure development, I suspect these tight capacities to remain for some time and drilling companies will be looking to other alternatives (namely pipeline, truck, or ship) to move oil around the country. This has been a priority of shippers for a long time in order to optimize their supplychains.
As a side note, in a follow-up 2013 and 2023 Procurement Insights post , I talked about companies like Market Dojo, Nipendo, Scout RFP, Tealbook, and several others. What unique benefits can the following ProcureTech solution providers offer to address the above-referenced supplychain challenges: ThroughPut.ai, FlockScore, ProcurEngine.
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