Why Supplier Selection Matters More Than Price in Oil & Gas Projects

Supplier selection is a critical business decision that directly influences project success. The right partner ensures consistency, quality, and on-time delivery

Key Factors to Consider

1. Experience & Track Record

check:
1. Past projects
2. Industry experience

2. Quality Standards

Ensure compliance with:
1. ASTM
2. ASME
3. ISO standards

3. Delivery Capability

Assess:
1. Lead times
2. Logistics support

4. Financial Stability

A stable supplier ensures:
1. Continuity
2. Reliability

5. Communication & Responsiveness

Good communication prevents delays and misunderstandings.

Conclusion

Choosing the right supplier ensures smooth project execution, cost control, and long-term success.

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Prasad Doraiswamy
Prasad Doraiswamy

15+ Years in Supply Chain & Procurement