HUB Byte – Preferred Vendor Manager – GoTo Vendors

Did you know you can organize and rank your vendors by product type using the PVM service in Oilfield HUB?

In addition to your regular Vendor lists in Oilfield HUB, Producers and EPCs can create multiple GoTo Vendor lists by specific product offerings for any number of service, supply and rental categories. Once a GoTo Vendor list is created, these vendors can be easily ranked based on your experiences when dealing with the vendors or according to specific company preferences. As head office and field staff are creating sourcing inquiries, bid requests and placing orders, or simply searching for which vendor to utilize on a well site project, your GoTo Vendors are displayed, and ranked in order of preference, to expedite procurement and streamline supply chain management.

HUB Benefit

By taking advantage of this ranking GoTo Vendors feature, project managers, well site supervisors and procurement personnel can quickly and consistently zero in on which vendor to select by product type when they’re faced with choosing from multiple vendors for their project requirements. Understanding how your company has ranked Preferred Vendor lists for specific products is vital information that leads to smarter buying decisions with mandated vendors and more purchasing power for future wellsite projects.