Contracts and KPIs

We pursue best-practice solutions to develop reliable suppliers and obtain best value, quality, and supply chain security. We achieve these objectives through a variety of strategies, including agreement-based procurement and cost-effective long-term supply contracts.

Supply Chain Services evaluates suppliers to determine the need for a formal contract or price agreement.

Key performance indicators (KPIs) are monitoring tools used to bring focus on critical aspects of a business. Mutually agreed KPIs are established annually and monitored regularly. They may form part of the contract.

Our procurement cycle is based on structured procedures, and Schlumberger has standard terms and conditions of purchase that comply with the laws of the countries in which we operate.

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