+1.713.402.6100 info@rig-serv.com

Tag: Cycle Count

Lean Process Management

Words of Process Improvement Wisdom During times of financial stress and heightened market volatility, we often hear these words being used in efforts of reducing overhead. Words such as “Lean, efficient, cost control or reductions, and so on.” When the market pendulum swings back from a bull market, we often […]

Inventory Criticality – What Are Your Critical Spares?

Truly Critical? Figure – Example of Shaffer Style Annular Ring..Ring.. It was early Saturday morning when Joe got the call from the rig telling him the upper annular had failed a pressure test and that they would need to disassemble it to see what the problem was.  Joe quickly called […]

What Do Materials Coordinators Do?

  What do materials coordinators do vs. what others in oil and gas think they do?   Materials Coordinator= Storekeeper, Offshore Materials Administrator, OMC, Materialsman or similar.

Inventory Matters: Introduction to Series

  “$650,000,000.00 US Dollars is not sexy enough for us to be interested”.  This was the response I received at an  engagement when discussing inventory management solutions with an executive of a well-known  “drilling company”.  The value of their spare parts at the time was close to 650 Million dollars. […]

Inventory nightmares– 8 transactions that Cause them & 1 tip to completely solve them with proper Inventory Accuracy

Inventory Accuracy RIIIING… RIIIIIING… Your eyes pop open  with a wince of agitation as your wife’s fist withdraws from your shoulder.  “Shut that thing off or answer it…” she crankily croaks as she rolls back onto her side to drift back off to sleep.  You look at the clock face of the […]

10 Practices To Improve Inventory Accuracy In The Oil & Gas Industry

    In today’s economic climate, most leaders recognize that effective inventory management will result in significant cost savings and is a barometer of corporate health. A key component is ensuring that on-hand inventory is kept accurate, along with processes to determine the root cause of those variances and clear plans […]