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Tag: Inventory Management

When Should I Perform a Physical Inventory Count (Stocktake)?

One question we are asked repeatedly is when should I perform a physical inventory count also known as a stocktake. There are several circumstances that call for a physical inventory count and it is recommended that each company documents these requirements to ensure they are followed consistently.   1. When […]

When Blockchain Meets Supply Chain in Oil and Gas

Blockchain is revolutionizing the way people pay for goods and services all around the world, but it is also impacting companies. From placing a purchase order to the delivery of goods, and documentation to payments, blockchain is the newest part of the procurement of goods and services for the energy industry. […]

How Mobile Printing Streamlines Rig Supply Chain & Warehouse Processes

To survive and thrive, the oil and gas industry must work more efficiently than ever, especially in a low-crude price environment. To make the supply chain more streamlined, I see many rig owners trying to operate with a lower headcount but not using technological advances to make the tasks easier for […]

Data

The Top 10 Challenges When Cleaning and Converting Master Data

Dirty data is a big problem—and too many companies don’t know how to handle it. According to a 2013 Gartner study, 20 percent of the information inside a database is of poor quality, and it’s costing organizations an average of more than $14 million every year.Data cleaning is a challenging issue […]

True Costs of Physical Count Errors in the Energy Industry

The True Costs of Physical Count Errors Inventory counting may not be the most exciting topic, but it is a critical one – especially in the oil and gas industry. Many companies in the space have hundreds of millions of dollars’ worth of spare parts in their inventories at a given time. […]

Things to Consider When Conducting Year-End Physical Counts

We’ve looked at ways to improve inventory accuracy for oil and gas projects, such as increasing transaction discipline, labeling items clearly and using the latest technology. Yet inventory control is a constant challenge. There are many parts involved, and each one is important. Tracking each part is critical to rig success. Recently, […]

OTC 2017 RigServ

OTC 2017 Booth 1361 Demos & Golf (OTC 2017) Join us at the offshore energy industry’s premier, global event. We will be at booth 1361 with our JV Partner Zentech Inc. Please join us at OTC 2017 for demos that will show you how to make the most of your data […]

Automating MRO Warehouses- Domo Arigato Mr. Roboto

3D Printing: A Solution for Parts Acquisition in Remote Areas? Automating MRO Warehouses Maintenance, repair and operations (MRO) decisions reach far beyond repair and maintenance processes. Optimizing MRO involves refining procurement and sourcing methods to get the most out of budgets spent on services, supplies and tools. In some cases, MRO represents […]

From Outer Space to Offshore Oil, 3D Printing Saves The Day

3D Printing: A Solution for Parts Acquisition in Remote Areas? 3D Printing: A Solution for Parts Acquisition in Remote Areas? The rig manager shook his head as he looked at the rig’s broken parts list on his computer screen. He’d replaced worn parts all over rigs since he started out […]

Disrupt And Conquer: How Disruption Is Needed Now In The Energy Industry Supply Chain

Disruption Disruption in Oil and Gas Supply Chains: A Necessary Intervention Over the past few years, many oil and gas companies have gone from successful to lackluster. Steeply dropping crude prices played a role in this downturn–in June of 2015, oil prices hit a six-year low, forcing many businesses in […]