Unearthed Perth 201609 Apr - 11 Apr
From Idea to Prototype on Resource Challenges in just a Weekend
This competition has finished.
Woodside is seeking innovative approaches to effectively manage supply chain reliability to avoid material holding and storing and improve integrity of supply chain.
Many maintenance activities and campaigns requisition materials and many of these occur as a Direct Purchase activity. This can be an effective materials management practice in that where materials can be procured and delivered on time they do not need to be stocked, thereby eliminating holding costs. Once purchased, many of these items are often unused, returned as excess and ultimately disposed of.
Direct Purchases tend to be for small quantities and are more frequent, resulting in a heavier workload on Procurement and high purchasing costs. It is recognised that Direct Purchasing has benefits but only if used appropriately alongside purchase to stock strategies. By analysing demand, purchase patterns, costs and trade-offs, appropriate Direct Purchase strategies can be developed.
Data will be made available at the opening night of Unearthed Perth. Data is only available to those who formally register for the event via the Unearthed website.
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