Due Diligence Dimensions and Ranking Methodologies for Supplier Selection Process on Oil and Gas Projects
|International Journal of Engineering Trends and Technology (IJETT)||
|© 2017 by IJETT Journal|
|Year of Publication : 2017|
|Authors : Shobhendu Prabhakar
|DOI : 10.14445/22315381/IJETT-V47P234|
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
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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Supplier selection, Procurement, Global sourcing, Oil and gas industry, Oil and gas projects, and Logistics.