Supplybase VRS is an Internet-based Supplier Registration System originally conceived and developed through the Australian Competitive Energy (ACE) initiative of APPEA.
Supplybase is a response to the needs of the Australian Oil & Gas industry to encourage greater local participation in major projects, and from the desire of major oil and gas project operators to streamline their procurement process. The development cost was underwritten by major operators including Woodside, Chevron Texaco, and Apache.
Supplybase is now in its 11th year of operation and is the only industry-endorsed Supplier Registry specifically designed for the Australian Oil & Gas Industry.
Supplybase is an online two-way communication channel between Operators and Vendors. It facilitates information sharing to make the procurement process more efficient and to maximise the opportunities for Australian companies to participate in major resource projects.
Before Supplybase, each of the major Operators was maintaining their own independent supplier registers. These required a significant effort to maintain, and were often incomplete and out of date. Meanwhile, Vendors were continually being asked to supply the same information over and over again to each Operator - especially in the pre-qualification of project opportunities.
Operators can now use the Supplybase system without having to maintain their own supplier registries and Vendors can manage and update their own details in one location rather than having to regularly supply the same information - often in different formats - to the various Operators.
An important factor in Supplybase's success is that both buyers and sellers benefit from the efficiencies in the procurement process. It does not seek to aggregate buying power or take a percentage of any resulting transactions.
Supplybase operates as an independent commercial entity with its operational costs met by annual subscriptions paid by Operators and Vendors.
Any company seeking to supply products or services to the Australian oil, gas and downstream processing industry can apply to be a part of Supplybase VRSTM.
Want to know more?
Read about the various membership options, or View the Supplybase VRS Flash Movie
If you need any further information contact admin@supplybase.com.au.