Supply Chain Management: A Competitive Advantage Evaluation
It is the right time to understand the draw backs of the current natural resourcesÂ supply management, plan and implement some radical changesÂ as the current oilÂ supply chain business model is no longer sustainable and is set to collapse in the near future unless some drastic changes are made overall. The researcher seek to suggest a supply chain management model for the oilÂ industry considering the changing needs and demands of the industry, the ideal and effective practices that are prevailing successfully in other supply chain management focused industries. The global oil industry is highly exposed to various risks. For an efficient supply chain management efficient supply chain risk management measures should be applied. Contingency plans should be developed and aligned in advance. The supply chain operation should be made agile so that they can cater the potential risk associated with the business. A centralized supply chain is applied and recommended for OGDC, it is essential to maintain a cooperative and interactive culture with partners and to have the most advanced technology applications. Oil industry will need to be flexible towards the application of new technological innovations and to adapt to these modifications in the most rapid way possible.
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