Re-examining Procurement Strategies for Sustainable Cost Reduction in the Supply Chain
In this presentation that took place at the FPSO World Congress 2016, Kamal Karthik from Yinson speaks about the following:
- Which FPSO components and services would benefit from alternative agreements and partnerships with suppliers?
- Integrating the supply chain into initial project execution and engineering conversations to optimise the balance of CAPEX and OPEX
- Leveraging the current market downturn to re-evaluate procurement processes for long-term cost savings
- Developing a win-win relationship with suppliers in order to mitigate the compounding costs of risk down the supply chain
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