Author: Paul Wright

(130)   Articles
As the number of mobile users grew consistently, t

Top Rated Articles

Wedding Invitations Don'ts

By Sarrah Beaumont | 5 Rating | Published 2009-07-21 18:24:23

Much is already written regarding weddin...
Read more..

Car Bodywork Paint Repair Restoration Techniques - Spray Painting

By Mario Goldstein | 5 Rating | Published 2009-07-22 21:11:32

When buying a car one of the biggest cho...
Read more..

How Do I Make My Home Insurance Company Hurry Up?

By Anthony Peck | 5 Rating | Published 2009-08-07 05:45:36

Is there anything more frustrating that ...
Read more..

Do You Really Need Car Insurance

By Warren Fets | 5 Rating | Published 2009-08-21 03:45:27

There are many advantages to having car ...
Read more..

So What Do You Really Know About Fashion?

By Benedict Smythe | 5 Rating | Published 2009-08-24 15:48:39

Fashion is extremely seductive, slightly...
Read more..

Necessity of Material Management in the Oil & Gas Industry By Paul Wright

  in Business | Published 2017-10-04 12:39:15 | 107 Reads | Unrated


Material Management Consulting Inc. is a consultancy firm who has been involved with Oil & Gas and Mining operations since 2010.

Full Content

Importance of material management in the oil & gas industry cannot be undermined. Projects related to this industry is often capital intensive. The reason is that the oil and gas sector projects are usually high budget ones but at the same time they also run on tight budgeting and scheduling. The project also requires effective management of purchases, supplies, decisions on staffing and contract negotiations. Most of them come with set deadlines as well as bottom lines. Keeping in mind these it cannot be overlooked that there are great differences between smooth and eff

icient project implementation dispensing with delays and inconveniences. Effective material management is therefore an indispensable necessity in the oil and gas industry.


Understanding Material Management in the Oil & Gas Industry

To learn about the importance of material management in the oil & gas industry one needs to understand the core concepts, definitions and objectives of the process. Usually materials management refers to regulating the type, quantity, placements, movements as well as production and distribution of finished products. The task of the manager involves planning, controlling, directing, as well as coordinating all the related activities that are necessary in either material as well as inventory management. In addition; the process also involves carrying out tasks like logistics and supply chain management that could be local, national, or international.


How it Works

Process of materials, logistics, and supply chain managements all starts with the determination of the quality as well as the quantity of the items to be managed. The process ends with the issuing of the finished products to the customers as per their requirements and orders placed. It is also important that the delivery is according to the schedule. Materials management is the most basic function in the oil and gas industry related businesses and they add value directly in the product delivered. It also encompasses other activities like international logistics management besides supply chain management. The process is an all-inclusive one and covers every step from the designing and manufacturing, production, storage and supply, and delivery to the customers.


Logistics and Supply Chain Management

An integral part of the materials management is the Logistics and Supply Chain Management. This means the task of the manager is to ensure that the steady flow of materials are never stopped and at the same time they remain commensurate with the trends of demand, price, quality, and availability without forgetting the delivery schedules to be followed. In short; the material management is one of the most important functions for any organization that covers aspects such as input process. Important ingredients of the process are raw material and equipments and their procurements and management including spare parts for effective maintenance. In the realm of production it is the initial transformation process. Also as most of the oil and gas industrial houses are multinationals, an important part of the material management is also the international logistics management.


Task of the executives and workers involved in material management is appropriate planning and programming for all aspects of the management process from procurement through delivery. Since it is a technical process obtaining the services of highly experienced and competent professional agency for material management can be a very good move for any oil and gas enterprise. 


Appslure WebSolution :Nice PostMobile app Development Company in Dubai Mobile app Development Company in Kuwait

Auzaro Industry :Hey, The way you explained each point with necessary details and maintained good balance between theory and practice is really commendable. You can also go through our website Thanks a bunch for sharing. Have a super fabulous day.

Login to comment

About the Author

As the number of mobile users grew consistently, there was also the necessity of developers that will help develop new apps for the devices.

About OpenArticle is an article website dealing with the collection of quality articles on a number of subjects including entertainment, arts and science, medicine, career, classifieds, computers, technology, culture, education, entertainment, health, wellness, fitness, diet, writing, world affairs and many more. Read more...

Follow On

Contact: Contact OpenArticles