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Opportunities in Supply Chain Management for Petroleum Engineer: Supply
chain management in a Petroleum industry is the configuration, coordination and
continuous improvement of sequentially organized operations involved in
upstream, midstream and downstream. It also covers the planning and control of
both the physical movement of materials and the resources used in the supply
process from raw materials to consumable products.
Typically,
SCM attempts to centrally control or link the production, shipment, and
distribution of oil products. By managing the supply chain, companies can cut
excess costs and deliver products to the consumer faster. This is done by
keeping tighter control of internal inventories, internal production,
distribution, sales, and the inventories of company vendors.
Place is
the marketing mix element that deals with supply chain management as it
involves the processes that take goods and services from their raw beginnings
to the ultimate destination
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