Were paying people off globally and closing facilities down but still send work out to third party vendors when it could be done in house. CCD and PCG are prime examples, Does anybody actually have any control over this company, management are that far detached !
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The entire O&G industry is being hammered and all the large companies are undertaking large layoffs and are seeing profits disappear. Do you think NOV is somehow fairing worse than these other companies? Only Schulmberger hasn't been hammered, and they are more diverse and 10 times the size of NOV. Every other company...Halliburton, Forum, FMC, Baker Hughes, etc., have been smacked hard.
Many parts of NOV have been hard at work insourcing where possible. Clay has mentioned this several times in the quarterly reports, and Pete Miller did the same back in 2009. Several shops are assembly-centric, and that makes it tougher to insource. The machining and fabrication shops will fair better. In some cases, NOV doesn't have the equipment or processes to do the work, or NOV can't do it properly because it lacks the expertise. (imagine NOV using a heat treat oven once per day versus farming out to a vendor that uses their ovens around the clock with material scientists and metallurgists on staff to support that work). I'm not saying that NOV can't to more to insource, but there are limits.
Parts being made in China with certs that are made up....this is what they do. Material fails spec.....late delivery equals loss of face. Ok issue crooked certificate........folks you will realise the faikure possibilities and pollution....not to mention possible loss of life.
Crooks
NOV supply chain I mean.....back handers and kickbacks
Ethics my arse
well bore technology in Russia still doing the same but before long time! and nobody control or asked them, ONE WAY TICKET PLEASE !
Kickbacks. That's your answer
@FzEey66-rus ...THATS THE DEPARTMENT MY FAT FEMALE MARRIED MANAGER WORKS IN. SHE CORRUPTED ME. SHE TAKES GOOD CARE OF ME BEING HER GO TO MAN, HER PERSONAL BITCH, TO FULFILL HER PERSONAL NEEDS, BE HER SPY, HER BACK UP WHEN SHE WANTS TO LIE TO HER BOSS OR ANYONE ELSE. SHE PROMISED TO MAKE ME A MANAGER. I AGREE WITH YOU. CROOKS AND THIEVES. DEFINITELY NO ETHICS AND NO COMPLIANCE GOING ON HERE. MY MANAGER TELLS ME EVERYTHING THAT GOES ON. WHAT HER BOSS SAYS, ALL THE CORRUPTION THAT GOES ON. ANYONE NEED TICKETS?
Read up on value chains? Ridiculous. Spoken like NOV management... completely out of touch with the workforce and condescending in attitude. When the stock hits 20pershare you will see the wisdom of the current decisions. Business that were extremely profitable and not linked to oi/energyl have been gutted and ruined by poor decisions. Thats value chain planning.... 20+ week lead times for equipment (that was 10 weeks before NOV bought us).
It's called. Kickbacks. People send work to third party vendors and get $$$ in return. Cash money!
Ethics and compliance they have us filling out every year. What ethics and compliance. Crooks, and thieves!
Well it doesn't make sense to outsource everything to vendors while operators just sitting on their as$ becuase they don't have any work!
No but you can bring the majority of things in house from electrical, to mechanical to design to software and beyond, pretty much the full life cycle of equipment unless its specialized of course, NOV have departments that cover pretty much everything so supply or value chains don't come into it.
Hahahahaha. You've met the management at NOV right? Do you really believe they understand Value Chains and Business Integration? To answer the first question, no sir they have no clue and they really are that detached.
Perhaps you need to read up on value chains and understand business integration in supply chains. It's a shared effort. Most vendors depend on NOV for survival. Less work can be sent out, but you can't bring everything in house.