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Potential competitor and its supply chain economic and environmental performance

Category: Business & Management Paper Type: Report Writing Reference: IEEE Words: 600

        The potential competitor of Saudi Aramco in India is Bharat Petroleum Corporation Limited (BPCL). The company first gone through Oil and Natural Gas Commission (ONGC) that induces power on the devolvement of resources in state. The company performs well under the plans of central government [3]. The marketing of petroleum industry is dominated by company in India. The prices of the services and petroleum products are considered. The economic liberalization measures the process and services of theBharat Petroleum Corporation Limited (BPCL).  The economic reforms are initiated by the Indian government and these reforms paved new changes in BPCL. The company initiated marketing contracts with the Indo-Burmah Petroleum(IBP), Cochin Refineries Ltd. (CRL), and Madras Refineries Ltd. (MRL). During 1993, company tied up partnership with Shell and introduced Bharat Shell Ltd. During 1994, the company launched new brand of lubricants [3]. The freedom developed by the government of India induces policies. The company become able for the capital expenditure projections and the interferences are related to the government. The oil and gas industry of India is growing and showed variation in the cost effective applications. The environmental factors are coal and nuclear energy, limitation of the specific regions and geographic locations, higher capital cost and the hydroelectricity have restricted the growth of energy. The growth of company is largely dictated by the number of environmental reasons such as coupled efficiency factors [7].

Human behavioral issues of supply chain economic and environmental performance

        The human behavior in the workplace induces impact on the oil and gas industry, the environmental conditions are highly concerned with the global concerns. The role of human behavior in the industry is extensively related to the processes. The poor behavior of humans in the industry induces impact on the inadequate risk perception. The effectiveness of the system depends on the improper and proper working of workers. The safety performance system is perception of components and processes [1]. The human behavior can be divided into different categories on the basis of performance. The unintentional errors and actions can induce impact on level of performance. The staff employed in the Indian downstream oil and gas sector is exposed to different conditions. The oil and gas industries of India requires subsequent implications for the proper working [1].

Recommendations of supply chain economic and environmental performance

It is quite a common concept that behavioral issues of workers at workplace lead to inefficient performance which impacts the company as a whole. Following are the recommendations that can mitigate such issues:

While planning tasks, it is important to consider individual differences of workers rather than taking the prime group as the representative.

The job design should be designed in such a way that employees are not stresses which usually becomes the main reason of human behavioral risks.

There must be a strong communication among workers which can be promoted by holding various short sessions.

The involvement of workers in different activities and decision making processes can play an important role in mitigating human behavioral issues.

Feedback must be taken from workers as to know their opinions and whether they are satisfied with the work which can reduce risks significantly.

References of supply chain economic and environmental performance

[7]

M. Alhashim, "An Analysis of Barriers to Supply Chain Management Performance in Saudi Arabia," Supply Chain Management, vol. 01, no. 01, pp. 01-15, 2018.

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