Analyzing Oil and Gas Supply Chain - Ep 179

Описание: In a reflective dialogue, Conor Doherty and Joannes Vermorel delve into supply chain challenges in the oil and gas industry, likening them to managing a miniature city rather than straightforward enterprises. Vermorel critiques conventional methods focused on criticality, advocating for automation and numerical models to enhance efficiency. He addresses the financial impact of long-tail events, emphasizing streamlined inventory practices over stockpiling. Vermorel highlights the inadequacy of systems like ERPs in decision-making, advocating for systems of intelligence to navigate future uncertainties. The conversation underscores the industry's conservative nature, where agility and digital optimization are crucial for advancing supply chain strategies.

00:00:00: Introduction to oil and gas supply chain
00:05:02: High stakes and offshore logistics
00:08:20: Financial impacts of supply chain downtime
00:13:54: Complexity and automation in supply chains
00:16:15: Misunderstanding impacts planning
00:18:39: Inventory affects uptime
00:20:33: Oil price impacts profitability
00:23:00: Right inventory for efficient uptime
00:25:10: Optimization beyond spreadsheets
00:28:58: ERP's decision-making limitations
00:31:10: Excel as decision tool
00:33:15: Systems of records' importance
00:37:00: Approximate correctness in decisions
00:38:10: Decision focus under tariffs
00:40:30: Numerical recipes enhance focus
00:43:37: Engineering challenge distractions
00:46:10: Large scale reduces agility
00:51:30: Speed and advocacy for numerical recipes
00:53:00: Pricing's role in the supply chain
00:57:19: Oil as civilization's foundation
00:59:00: AI and clerical automation

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