Navigating challenges in standardising procurement processes within EPC gas industry companies (case study)

Abstract

Supply chain management, and procurement practices profoundly impact the success of construction projects. This is especially true to the Engineering, Procurement and Construction (EPC) industry. EPCs often encounter problems such as cost overruns, schedule overruns, delay in material supply and loss of productivity. This study explores standardization opportunities to combat these issues. It outlines barriers hindering standardization in EPC procurement and offers strategies for implementation. The main contribution of this paper is the provision of comprehensive strategies for EPC companies implementing standardization procurement practices.