DRIL-QUIP
Dril-Quip
: one of the world ' s leading manufacturers of offshore drilling and production equipment
Dril-Quip is built on a history of R & D and engineering exceptional products , but to remain relevant and competitive in today ’ s global market , action towards Environmental Social Governance ( ESG ) concerns and delivering an experience beyond the linear vendor mindset is key . These goals are central to Wells ’ digitalization initiatives .
Wells joined Dril-Quip in November 2018 as its first supply chain vice president . Previously , he worked across every major industry apart from food and beverage , medical devices and healthcare , and he is bringing that multiindustry experience to bear upon Dril-Quip ’ s sophisticated but , until now , fragmented supply chain .
“ I was brought in to help centralise everything from category management and sales and operations planning , to demand planning and traditional procurement ,” Wells explains . “ And what was interesting is that , what started off as a disadvantage , being a little bit behind our market in terms of centralising
“ We don ' t look at our suppliers as vendors . We buy hot dogs from vendors ”
MICHAEL WELLS VICE PRESIDENT SUPPLY CHAIN , DRIL-QUIP
supply chain , became a massive advantage . That ’ s because of two things . First , we didn ' t have an entrenched culture that we had to fight against from a supply chain standpoint . Second , we didn ' t have the disadvantage of being the first mover in supply chain when it came to digitalization , so we were able to learn from a lot of other people ' s mistakes .”
The three ‘ legs ’ of digitalisation Dril-Quip manufactures a broad range of highly engineered products , including subsea
380 June 2021