Re-examining Procurement Strategies for Sustainable Cost Reduction in the Supply Chain

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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