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Improving goods procurement processes at Vietsovpetro, Vung Tau, in Viet Nam | |
Author | Le Van Tien |
Note | A project study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration (Executive) in International Business – Management of Technology (VN), School of Management |
Publisher | Asian Institute of Technology |
Abstract | Based on annual production demand, material procurement plan by the Joint venture Vietsovpetro (VSP) Council’s approval, pursuant to orders by the members of the VSP units, VSP has handled about 800 orders and make a new more than 1500 contracts, but also to monitor the transition from the previous year contracts. Goods that VSP purchased annually are diverse and mainly to serve production needs in the search for oil and gas exploration and exploitation, so the timely delivery of goods to ensure production for VSP requires both human and material resources, in addition to the applicable regulations of the government in bidding managing so that reaching the three most important goals are "competition, fairness and transparency." Because each year VSP’s goods demand is huge, so if applying only in term of regulations of the government in bidding managing, the results cannot meet the strict and timely, so VSP has always actively promulgated additional regulations, directives or decisions of the General Director of to concretize the government’ regulations to match and optimize the access to goods is the fastest, most competitive and best quality. Since 2003, VSP has issued internally a completed set of regulation to guide the procurement process in VSP and has been continuous improvement two years in 2005, 2007 and 2009 to match the actual situation more to ensure the supply of goods in VSP is always smoothly. In particular, the regulation on procurement processes issued in 2009 has created a new breakthrough in performance order fulfillment, procurement plan until the contract settlement. If before 2009, the good orders completed only at 80%, then 90% in 2009, in 2010, 2011 and 2012 always above 95%. This shows that the improvement of procurement processes have a strong impact on the supply of goods for production, help ensure the annual oil of VSP. However, with the position secretary to the General Director, assigned to check, control and monitor the implementation of the commercial contracts VSP, I see that the 2009 regulations still has many existences and need to be further improved to be able to both shorten the time, ensure quality goods and competitive prices. In this research, in my opinion, I want to rely on this regulation to analyze the existence in the process of procurement of goods and services in the VSP, from which to propose my solutions in continuing process improvement aimed at the biggest efficiencies for production. |
Year | 2013 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Chairperson(s) | Winai Wongsurawat;Igel, Barbara |
Examination Committee(s) | Tritos Laosirihongthong |
Scholarship Donor(s) | Vietsovpetro Joint Venture |