Digitalization transforms contractor management and performance in STOs
Contractors are a cost-efficient solution for special projects such as STOs. But working with contractors poses significant challenges for most asset-intensive industries. If the extensive exposure of contractors throughout STOs is not monitored and managed, there can be disastrous consequences.
While many owner-operators are aware of this fact, insufficient recognition and effort is invested in the collection and reporting of contractor KPIs that will support management decision-making. Ensuring that contractors deliver on the hard-fought contract terms agreed during the sourcing process, let alone put in their best performance, is often overlooked or left to post-STO reviews, long after it is possible to intervene or react to poor performance.
This eBook shows how digitalized contractor management is a gamechanger for STOs. Read it to learn how to manage contractors better, and get them onboard with a more streamlined and efficient approach to STO execution, based on performance. It’s a win-win for all concerned.