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Tag: Cycle Count

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 […]

Improve Inventory Accuracy In The O&G Industry -10 Tips

    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 […]