Delivering value through an integrated and collaborative approach to business planning and use of supply chain practices is key to our operations.
Whiting has developed strong procurement policies that allow us to maximize value for each dollar we spend with our suppliers. We leverage these policies to create savings and reduce supplier risk, while holding suppliers accountable. Whiting makes every effort to competitively bid high-volume and frequently-purchased goods and services while consolidating awarded goods and services over a period (e.g. quarterly, semi-annually). This practice can help support small, local suppliers and contractors by giving scheduling and financial certainty. These commitments can also help local suppliers with employee retention and business planning. The remote nature of many of our operations encourages us to hire locally from small businesses, with employees who live in the communities near our operations, for services on our locations. This local engagement has helped Whiting maintain strong relationships with our employees, suppliers and communities that have become an essential part of why and how we do business.