I Was in the Dark Remember the adage, “If everyone is responsible, then no one is responsible.” I spent the first six years of my
When it comes to oil and gas, LoRaWAN (Long Range Wide Area Network) is quickly drawing the attention of companies around the globe, especially for
When you merge with or acquire a company, you are taking on an entire portfolio of assets. From real estate to equipment, proprietary knowledge to
Definition by Example Most industrial companies make capital equipment purchases on a regular basis. Much care is taken to ensure the equipment item is fit-for-purpose,
Since we first formed our company, we have seen many changes in terms of developing technology. Although the evolution of technology has drastically changed (and
Blockchain as a technology has the power to change the way business works. It offers a distributed ledger that makes transactions transparent by recording every
Blockchain may be the newest buzzword, but that doesn’t mean it is all hype. The technology has the potential to put supply chains in the oil
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
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
What can strategically integrated Enterprise Asset Management (EAM) software do for your company? Do you have physical assets, capital equipment, maintenance procedures, spare parts
When does an asset walkdown typically take place? One example is the acquisition of a new rig, equipment storage yard, or an industrial facility such
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
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
The True Costs of Physical Count Errors Inventory counting may not be the most exciting topic, but it is a critical one – especially in
Augmented reality is defined as a technology that superimposes a computer-generated image on a user’s view of the real world, thus providing a composite view. Augmented reality,
I was recently a part of a Value Stream Mapping project for a company. During my discussions with process owners, one of the main complaints
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
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
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
ERP Oil and Gas ERPs – Will One Size Fit All? When the term “ERP” is used, many flavors and functionalities come to mind. Unlike
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
Shipping Costs Align Business Processes and Data Analysis to Improve Value Delivery What a day — out of the blue, my motherboard decided to quit
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
Inventory Criticality? “It was early Saturday morning, when Joe got the call from the rig telling him the upper annular had failed a pressure test
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
What do offshore materials coordinators do vs. what others in oil and gas think they do? Materials Coordinator= Storekeeper, Offshore Materials Administrator, OMC, Materialsman
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
People make all the difference… People, Inventory Barcoding and Processes Introduction In this interview series, Inventory Matters, we will be speaking with industry leaders to
“$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
Supply Chain nourishes the organization… Oil and Gas Inventory Management Introduction (Oil and Gas Inventory Management) It is imperative that drilling contractors ensure that inventory
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
Search for: ShipServ, the leading marine and offshore e-marketplace, has announced a strategic sales partnership with US Oil and Gas consultancy, RigServ to promote