Purchasing and Supply is highly strategic and covers contracts (negotiating), procurement (purchasing) and logistics (storage/distribution). This may be physical inputs like engineering equipment or may be service-based such as specialist engineering consultancy. Purchasing and supply focuses on sourcing, pricing and buying the right things at the right price and time in order to deliver a service or product. Effective purchasing can help an organisation reduce cost, maintain quality and manage levels of risk to its operation chain. Due to high levels of risk in the Oil, Gas and Energy industry, the efficiency and effectiveness of procurement is vital. Oil & Gas UK, undertook a survey which showed that there is both a current shortage and a likely future need for procurement specialists for the Oil & Gas industry worldwide