Case Analysis : Hollyfrontier Corporation

The oil and gas business is highly competitive in the exploration for and acquisitions of reserves, the acquisition of oil and gas leases, equipment and personnel required to find and produce reserves, and in the gathering and marketing of oil, gas, and natural gas liquids. The competitors include national oil companies, major integrated oil and gas companies, other independent oil and gas companies, and participants in other industries supplying energy and fuel to industrial, commercial, and individual consumers.

The Rose Company is building a new plant to reduce cost, improve the quality of products, and maintain competitive leadership by gaining a slight production advantage. The main obstacles to be overcome are the commissioning of a new plant, new methods and process, and administrative reporting issues. As the newly hired General Plant Manager, I plan to resolve these issues by insisting that all plant communications flow through me, instituting training for plant personnel and setting operational expectations.

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

Oil suppliers dig deep down to the roots to analyze and derive concrete solutions to carry on the rising market. The force of fracking in the United States is lifting the economy; the system has been a political game changer for the nation, creating job opportunities and investing money into the community. The United States is currently capable of competing with the global marketplaces at a high rate. This coordination leads to knowledge for on-shoring manufacturing, which eliminates the dependency on foreign oil. This significant groundwork is driving opportunities for innovators. The abundant supply of oil and the inexpensive cost leads to cheaper energy for consumers (Dews, 2015). Along with the low price for refineries,

Diverse and multi-faceted, the Canadian business market is one of the strongest functioning mixed market economies in the world. Within the Canadian economy, the oil and gas sector stands as one of the largest and most influential sectors. The oil and gas industry is unique as it affects almost every person and sector of the economy worldwide, whether it is through commodity or material input costs. In Canada, this growing industry could allow for the country to be the one of the “biggest energy producers in the world” leading to a massive paradigm shift globally.

ExxonMobil is identified as one of the world’s leading oil and gas businesses. It manages market commodities and means countrywide. ExxonMobil is entail in “marketing, gas, and oil exploration, transportation and production in roughly 200 nations” (ExxonMobil, 2015). This company furnishes assistance and products under label names such as “Mobil, Esso, and Exxon. ExxonMobil is known as one of the biggest oil industrial installation where a substance is refined in the nation” (ExxonMobil, 2015). This essay discusses ExxonMobil’s strategic initiative from

Pricing is a pertinent issue in procurement and acquisition in organizations. Consumers buying the commodities of an entity should get clarity on pricing related issues. There is uncertainty in Pro

The topic selected is (Strategic Procurement & Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a few ways how Toyota has become the best in the auto industry. Toyota as a name, a company, and as a brand has become synonymous with Quality.

Due to the fact that procurement strategies are the focal point in the planning stage of all business firms and is a vital

As the November Meeting approaches, CFO Doug Scovanner is faced with the problem of choosing which of the five controversial projects available to accept. Our task is to assume this role and evaluate each of the projects based upon two major criteria. The first is determining the firm’s financial motives by quantifying the projected value added to the firm and the risk associated with each project. When determining to accept or reject projects based upon adding value, the most helpful instruments we have are Net Present Value (NPV) and the

The procurement section of Target’s supply chain is an essential part of how it replicate costs to customer requirements. The overall affiliation between customer fulfillment and the supply chain are closely linked to products that are designated based on benchmarks that have been appropriately matched to target costing structured with market criticism and feedback provided. When focusing on purchasing products to sell to customers, the organization selects and processes the best option that best matches Target’s

The HollyFrontier is an independent petroleum refining company located in the United States. The refinery operations of the company serve the Mid-Continent, Southwest, and Rocky Mountain regions. The company own and operate five complex refineries which have a combined oil processing capacity of 443,000 barrels per stream day. The company produces high-value refined products, such as diesel fuel, gasoline, jet fuel, liquid petroleum gas, fuel oil, specialty lubricant products (lubricant products include oil and wax), and specialty and modified asphalt. The company owns and operates complex refineries and supporting infrastructures including warehouses, office buildings, maintenance shops, laboratories, utility facilities, and waste water plants;

Comparing to the option of upgrading the whole procurement system, my recommendation aligns with Russell Menere (National Procurement Manager of BAL)’s idea, which is to implement short term improvements based on current procurement system in

Ford Motor Company is one of the top automotive companies in the world. It was founded in 1903 by Henry Ford who wanted to develop some kind of transportation for the individual convenience and to make the product affordable. In 1909, Ford Motor Company manufactured its first automobile called the Model T. This was a big success among the regional especially in Detroit where it all began. As the popular for the Model T rose, Ford had to increase its production to keep up with demand. The company produced more than $15,000,000 cars before deciding to introduce another brand of automobile. In 1928, Ford unveiled the Model A which represented a higher end product then the Model T. Ford produced six types of automobile, the New Ford Pleasanton, Tudor Sedan, Roadster, Coupe and the Sport Coupe which the price ranged from $400-$600. Ford has kept to their promise to make their products affordable for all. Ford Motor Company was at the top company in its industry next to Chrysler, General Motors. Fast Forward to present day and nothing has changed, Ford is still producing cars that are affordable and meet the needs of their customers. The automotive industry has not been easy for Ford due to the fierce competition from General Motors and other companies such as Tesla, Toyota, BMW, and Mazda. Ford has always stayed in front of the curve by introducing new models such as the Ford Focus, Ford Fiesta, Ford Explorer, Ford Fusion, Ford Edge and of course the Ford Mustang. The success

In the recent past, however, Nigeria has been hit by cases of political instability resulting in insecurity which has affected some of the oil companies like the Chevron and the Royal Dutch Shell. Escalation of major insurgencies has reduced the revenue obtained from oil as a result of the cut national output. America’s energy