Halliburton and Accenture have teamed on Dec. 2 to accelerate Halliburton’s digital supply chain transformation and support digitalization within the company’s manufacturing function.
Beginning in 2021, Halliburton will launch a new global hub-and-spoke supply chain and manufacturing service model supported by new technologies. This new delivery platform will apply advanced analytics and enhanced business intelligence tools for its support teams to improve service levels and unlock operational benefits. This transformation further supports Halliburton’s strategic priority to accelerate digital deployment and integration across the value chain, driving better service for its customers and returns for its shareholders.
Accenture will work with Halliburton to create real-time supply chain visibility and actionable insights using artificial intelligence and analytics, enabling greater transparency and faster decision-making; accelerate the deployment of new, scalable technology that automates procurement processes, enables touchless invoicing and improves data accuracy; and improve process efficiencies and increase productivity, enabling more focus on strategic activities and the ability to scale at lower incremental cost.
“This transformation allows Halliburton to improve service levels and business outcomes by optimizing our investments across supply chain and manufacturing infrastructure,” Lawrence Pope, Halliburton executive vice president of Administration and chief Human Resources officer, said.
Accenture will leverage its SynOps platform to accelerate Halliburton’s digital transformation across its supply chain and manufacturing functions. Accenture will augment its unique capabilities with Halliburton’s existing technologies to provide teams with more advanced tools to do their work, enhancing real-time decision-making and actionable insights across supplier performance, demand planning, logistics and inventory management.
“Halliburton’s strong digital foundation is critical to making its supply chain and manufacturing functions more responsive, resilient and able to adapt to changing market needs,” Manish Sharma, group CEO of Accenture Operations, said. “We are proud to help Halliburton accelerate this transformational change to better position it for the future.”
Recommended Reading
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.