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 Operations Index
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The Supply Chain
Code of Practice
The
Supply Chain Code of Practice was launched in March 2002 under
PILOT’s “Progressing Partnership” initiative, with the aim of
improving efficiency and reducing waste in the
UK
oil and gas supply chain by the introduction and active pursuit
of a number of initiatives.
The Code itself is a set of best practice
guidelines, which have emerged from joint efforts by industry to
standardise and simplify commercial arrangements between
companies. It was originally established in 2002 and includes
the popular annual Share Fair event that has helped make
companies’ buying plans more transparent to potential suppliers.
It has also brought increased use of First Point Assessment Ltd
(FPAL), the industry’s database of shared information on
supplier and purchaser details and credentials and a push for
invoice payments within 30 days. It currently has 135 companies
signed up to it.
The Supply Chain Code of
Practice was re-launched at the beginning of 2006 to encourage
purchasers and suppliers to work together to develop and
maintain an effective supply chain, responsive to the oil and
gas industry's evolving requirements.
This latest version of the
code is a set of best practice guidelines which, when adopted
and implemented by individual companies operating on the UK continental
shelf, drive an improvement in behaviours across the industry
during commercial negotiations.
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Supply Chain Code of Practice Leaflet
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Supply Chain Main Page
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