Due Diligence Dimensions and Ranking Methodologies for Supplier Selection Process on Oil and Gas Projects
Citation
Shobhendu Prabhakar "Due Diligence Dimensions and Ranking Methodologies for Supplier Selection Process on Oil and Gas Projects", International Journal of Engineering Trends and Technology (IJETT), V47(4),213-216 May 2017. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group
Abstract
Supplier selection is a key process in
procurement phase of any oil and gas project.
Thorough due diligence in supplier selection process
not only ensures selection of a superior supplier that
can deliver equipment and procurement services in a
cost effective manner and according to the project
specifications but also mitigate risks in oil and gas
project execution. This research paper discusses
different dimensions of due diligence process,
analyses ranking methodologies and suggests risk
mitigation actions while selecting suppliers on oil
and gas projects.
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Keywords
Supplier selection, Procurement,
Global sourcing, Oil and gas industry, Oil and gas
projects, and Logistics.