Supply Chain Management
Procurement & Construction Positions & Jobs, including: Supply Chain Management
Procurement in the oil, gas and chemical industry has become one of the most important disciplines in improving company profitability. Obtaining raw materials at the right price, specification, quantity, and quality is fundamental to the profitability of chemical companies. Purchasing expenditures are equivalent to 20 to 60 percent of sales revenue for oil, gas, chemical producers and 50 to 80 percent of revenue for makers of commodity products. It isn’t just the size of purchasing spending that makes it so significant for oil, gas, chemical companies. The return of severe raw-material pricing volatility—with oil prices down by over 50 percent from two years ago—means that making the right purchasing decisions matters more than ever.