Halliburton

Abstract

This paper has studied about the Halliburton Company. The main focus of this paper was to study that how Halliburton deals, plans and make strategies in the supply chain area to generate more revenue and make customers satisfied. As now day's it is very difficult for companies to reduce their prices without creating any impact on quality. Halliburton is of the companies who are looking forward all the time and making new strategies to reduce cost at the same level of quality. Up till now Halliburton has achieved good results and it is expected that in future also Halliburton will achieve their aims and goals.

Halliburton

Introduction

Halliburton was found in 1919 and it is one of the largest material providers in the energy sector. It has more than 70000 employees all over the world. It is spread in 80 countries of the world. The company offers its services in the upstream oil and gas industry. It deals with all the steps from start till end. Like from geological data till the production (www.Halliburton .com)

The business of Halliburton is mainly divided in two parts; evaluation and drilling and the other part is production. Both the division are working at their best and earning good amount of revenue.

Total Quality Management

There are many aspect of TQM each school of thought looks at TQM from a different aspect. The aspects of TQM are technical, operational, social or managerial. The basic elements of TQM are planning, policy, administration, design change and control, product design, control the materials which has been purchased, quality control, field performance, training, motivation and employee selection (Blanchard, 2010).

Halliburton like companies use TQM because by name it focuses on quality but in real it is philosophy of management. It is an effective method to control the price and quality of the products through customers is attracted and their loyalty is gained. In such a condition in which prices only matters and quality not then Halliburton does not use TQM, as TQM is not effective in such situations. It can be only applies where price and quality must be of same value and both are considered as important (Blanchard, 2010).

Halliburton is the company who is dealing with oil and gas companies so they have to make sure that they are meeting both price and quality. Halliburton has to focus on both the things in order to retain loyalty of its customers. Different sectors have different requirements as service sector keeps the level of quality very high (Blanchard, 2010).

Role of Human Resource

Human resource department's purpose is to achieve the core competencies of the business. Halliburton recognize and deals with the primary problems from the start. The major problems Halliburton deals with are: to make sure that the business is clear to human resource department. They know all the aims and objective of the company. Company must be having good HR professional who know about the business trends and situation and they know how they can make strategies in such a way to achieve aims and ...