International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

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     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

Advanced supply chain coordination for efficient project execution in oil & gas projects

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Volume: 5 | Issue: 4 | Pages: 1255-1272

Subject: Education

Country: Nigeria

DOI: https://doi.org/10.54660/IJMRGE.2024.5.4.1255-1272

License: CC BY 4.0

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Abstract

Effective project execution in the oil and gas industry depends heavily on robust supply chain coordination. Advanced supply chain coordination strategies are crucial for addressing the complex, multi-faceted logistics and procurement challenges typical of oil and gas projects, which often operate in remote and geographically challenging environments. This review explores the role of advanced coordination techniques in enhancing the efficiency of supply chains, improving project timelines, reducing costs, and mitigating risks. The integration of digital technologies such as Internet of Things (IoT), artificial intelligence (AI), and blockchain is transforming supply chain coordination by enabling real-time monitoring, predictive analytics, and secure data sharing among stakeholders. These technologies facilitate better communication and collaboration across the supply chain, ensuring that materials and resources are delivered on time and within budget. The optimization of inventory management, transportation logistics, and supplier relationships through these technologies enhances operational efficiency, minimizes delays, and reduces operational risks associated with supply disruptions. Furthermore, the use of advanced planning and scheduling tools enables oil and gas companies to synchronize the activities of various project stakeholders, ensuring that construction, engineering, and procurement teams are aligned with the overall project objectives. By incorporating predictive modeling and data-driven decision-making, companies can anticipate potential bottlenecks and take proactive measures to resolve them before they affect project timelines or costs. In conclusion, advanced supply chain coordination strategies are essential for ensuring efficient project execution in the oil and gas sector. By leveraging cutting-edge technologies and data analytics, companies can improve project performance, optimize resource utilization, and reduce risks. This approach ultimately contributes to the timely delivery of projects, ensuring that they are completed within budget and to the required standards of quality and safety.

How to Cite This Article

Ekene Cynthia Onukwulu, Ikiomoworio Nicholas Dienagha, Wags Numoipiri Digitemie, Peter Ifechukwude Egbumokei, Olusola Temidayo Oladipo (2024). Advanced supply chain coordination for efficient project execution in oil & gas projects . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 5(4), 1255-1272. DOI: https://doi.org/10.54660/IJMRGE.2024.5.4.1255-1272

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Journal: International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE)

Publisher: Anfo Publication House

ISSN: 2582-7138 (Online)

Frequency: Bimonthly

Language: English

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