Risk Management in Procurement of oil material

Mohamed Laradi, Abdussalam Shibani, Abdessamad Douraid, Kalid El Had

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

Abstract

Oil industry is one of the most sensitive industries that exposed to various risks, this due to several reasons. Thus, the challenge is how to mitigate the effects of these threats and risks during procurement operation. This is where risk management issue and supply chain management is vitally needed by procurement practitioners to execute their procurement operations efficiently and agile. The purpose of this research is to investigate the role of supply-chain risk management in the oil industry and more specifically to understand how material procurement practitioners assess supply chain risk management to achieve smooth procurement operations. To investigate and examine the risk management practice within procurement organizations, a mixed method (qualitative and quantitative) has been adopted. Questionnaire and data collected from 65 procurement managers, supported by 9 semi-structural interviews been conducted to complement the finding of the questionnaire. This research revealed that service providers and contractors are the highest percentage of stakeholders who are practicing risk identification technique. Therefore, the interview with number of procurement managers shows that numbers of risks such as clone parts are much harmful on material procurement operations.

Original languageEnglish
Title of host publicationIEOM 2017 Proceedings
PublisherIEOM Society
ISBN (Electronic)978-0-9855497-6-3
Publication statusPublished - 11 Apr 2017
Event7th International Conference on Industrial Engineering and Operations Management - Rabat, Morocco
Duration: 11 Apr 201713 Apr 2017
Conference number: 7
http://www.xcdsystem.com/ieom/2017Annual/index.html (Link to conference website)

Conference

Conference7th International Conference on Industrial Engineering and Operations Management
Abbreviated titleIEOM
CountryMorocco
CityRabat
Period11/04/1713/04/17
Internet address

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  • Cite this

    Laradi, M., Shibani, A., Douraid, A., & El Had, K. (2017). Risk Management in Procurement of oil material. In IEOM 2017 Proceedings IEOM Society.