
Published: April 25, 2016
Access Level: Free
Research Topics:
Procurement Services Landscape Services Procurement & Contingent Labor Spend Visibility & Analysis Talent Management
Access Level: Free
Research Topics:
Procurement Services Landscape Services Procurement & Contingent Labor Spend Visibility & Analysis Talent Management
In the oil & gas (O&G) industry, extreme flexibility is more than an imperative — it is a necessity. Without it, operators and thousands of other firms that make up the industry could face reduced valuations or bankruptcy (as we are seeing now, with the price of crude oil dropping below $30 a barrel). As in other downturns, the industry has responded by drastically reducing operating cost structures and suspending many capital projects. Workforce is not only an enormous cost in O&G companies, it is also the most fungible. Download this paper to learn more about why a VMS is essential for industries like O&G.