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Category: Knowledge hub

Supply Chain Management

The importance of effective supply chain management

Efficient supply chain management is critical in the oil and gas industry for several reasons. First of all, it helps companies to optimize costs and reduce inventory levels. With volatile oil prices and volatile demand, maintaining a lean and agile supply chain is essential to minimize financial risks and maximize profits.

In addition, effective supply chain management ensures timely delivery of materials and equipment, minimizes downtime, and maximizes operational efficiency.

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