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You can obviously create some strong relationships with our vendors to be a very low-cost provider given the volumes we go through .”
Remote technology also plays a role . From its real-time logistics center in Houston , Texas , Halliburton is not only able to track every truck and rail car in North America , it is also able to report on any delays or issues its cargo might be experiencing – in real time .
“ That also minimizes our trucking and rail costs and makes sure that we getting that product delivered when we need it ,” Gorman adds .
“ If you look through a lot of our pipelines that are very product or manufacturing dependent , the more you can have a high turnover of equipment , you can accelerate your cash generation from making a very efficient supply chain organisation .”
The company has looked at ways of increasing its production performance without reneging on its goal to be the lowest cost per barrel provider . A balance had to be struck . “ We focused on trying to ensure that we have all of our technology resources available to make sure that our customers have the
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