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Tag: Warehouse Management

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, […]

Is It Time You Implemented Consignment Inventory Management ?

Effective inventory management is critical to the profitable rig operations. In many cases, consignment inventory is a practical solution to inventory challenges. Let’s look at the benefits of consignment inventory as well as some things that tend to stand in the way of exploring this option. Typical consignment inventory agreements allow […]

Mobility

Why Should an Energy Company Consider BPO for Supply Chain Functions?

In today’s environment of low commodity prices and reduced earnings, oil and gas companies need to be more innovative than ever in optimizing the efficiency of their supply chains. Unfortunately, many firms overlook the possibility of outsourcing their supply chain management. Business process outsourcing, or BPO, for supply chain functions, […]

Rig Beach

Oil and Gas ERP’s – Will One Size Fit All?

ERP Oil and Gas ERPs – Will One Size Fit All?   When the term “ERP” is used, many flavors and functionalities come to mind. Unlike an organization like The American Kennel Club, there are no “breed standards” for an Enterprise Resource Planning system. As a matter of fact, with […]

Key Logistics Trends Shaping the Oil and Gas Industry

Logistic Trends- Oil and Gas Key Logistics Trends Shaping the Oil and Gas Industry in 2017 and Beyond   After a period of low prices and slowing demand, oil and gas providers are cautious about the future. The worldwide downturn exposed decades-old weaknesses: few cared about logistics improvements as long as […]

RigServ Shipping Container

5 Questions That Saved Us Hundreds of Thousands of Dollars in Shipping Costs and Fees

Shipping Costs Shipping Container Align Business Processes and Data Analysis to Improve Value Delivery   What a day — out of the blue, my motherboard decided to quit on me. Dead. Gone. Kaput. Before taking out the hard drives to send the computer back for service, I cleaned out some […]

Has 3D Printing Been Tested In The Real World On A Rig? 

Dials and gauges aren't enough anymore! 3D Printing for Parts Replacement at Remote Sites   In the oil and gas industry, remote drilling and extraction sites present a unique set of challenges. Not only are these facilities dependent on complex pieces of machinery, but they are also difficult to service […]

Free Rig Warehouse Checklist

Rig Warehouse Checklist for Managers Bobby said goodbye to his family late one night and got on a plane to a distant city.  The next morning, he woke up at 3:30 AM to meet the helicopter departure time of 7:00 AM, leaving him bleary-eyed and a bit tense. Bobby’s phone […]