Saudi Aramco Procurement Process Essay Example | Topics and Well Written Essays - 3250 words

Saudi Aramco Procurement Process - Essay instanceThe millennium is characterized with information technology as instrument for world wide business expansion, networking and in kind with business partners for sustainable operations. Information technology also improved communication processes and hastened responses to unified needs and systematized entirely operations. For some institutions and companies, this optimized virtual mechanism for complex procedures by thoroughly mainstreaming transactional contract relations. This factor that through technology, participation evolved into certain level of structural sophistication in centralizing internal mechanism and resolving erst complex manual procedures, including assertiveness in the interaction of business decision processes. All this are make possible through the development of systematized digitized system of information technology. This essay pull up stakes attempt to explicate and deck how information technology improv ed procedural procurance engendered organizational readiness in terms of bodily financial and techno dianoetic resources as well as of its capacity to respond to external pressure collectible to competition with trading. Transactional relations of contact and procurement are now even done using the internet. It will also attempt to analyze if hard system model befits Saudi Aramco Companys procurement procedures. Procurement Procedure is a process on how a contract is obtained. It is a mechanism to understand the nature, object, expectations, and delivery of outcome found on agreements. It is a universal mechanisms adopted by companies and institutions that are operate in large scale, or in a multi-enterprise level with expensive capital investments but is everlastingly confronted with concerns on production technologies adaptation, volatile markets and pervasive regulation (Estache & Atsushi (2008). This situation is true with oil and gas extractive industries where thither a re standards and control mechanism that should be adopted to systematize its operations. This is considered as complexity management. Managing Information outline There is a systematic approach used in managing information systems. This approach is technology-focused, process-sensitive, quantitative and soft in application and methodical in analysis, procedures, tools and techniques (Dumitrascu, 2006). This is evident in computerized system designed by infotech experts handle Cisco. It helped in knowledge management and in systematizing transactions by increasing it companys corporate virtual realities, although these require persons equipped with knowledge to ensure that the system will be effectively interactive. This means that the person must be knowledgeable too in maximizing digitized information in supporting as well as in technical system optimization to protect it from overload and tekki backlog. Complexity management treats all hard structured and soft unstructured pro blems. Its system is rational, scientific and logical and its developed with the assumption that the world is clear out there and shtup be customized based on our needs (Dumitrascu, 2006). Complexity management can be done using varied diagrams. This can be Spray plat, Systems Maps, Influence Diagrams, Multiple-cause diagrams, Sign graphs, and Control Model Diagram. These are explicated as follows a. Influence Diagram also known as relevanceanalysis or a decision network illustrated pictorial and mathematical representation in decision-making. It was developed in 1970s and is now adopted widely and graceful an alternative todecision tree which typically suffers fromexponential growthin number of branches with each uncertain modeled (Detwarasiti and Shachter, 2005 Holtzman,1989). ID is practicable for team decision analysis because it allows incomplete sharing of information among team members to be modeled and solved explicitly. The semantic of