Job Description:
1. Market Research: Conducting thorough market research and analysis to identify trends, opportunities, and risks in the oil and gas sector.
2. Competitive Analysis: Monitoring and analyzing competitors' activities, strategies, and market positioning to provide insights to the procurement team.
3. Supplier Analysis: Evaluating potential and existing suppliers in terms of their capabilities, financial stability, and market presence.
4. Data Collection and Analysis: Gathering data from various sources such as industry reports, databases, and market studies, and interpreting this data to inform procurement decisions.
5. Forecasting: Developing forecasts and projections related to market trends, prices of commodities, and availability of materials crucial to the oil and gas procurement process.
6. Reporting: Preparing regular reports and presentations for senior management, highlighting key findings and recommendations based on market intelligence.