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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…

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Enterprise Asset Management System – You Got This?

   What can strategically integrated Enterprise Asset Management (EAM) software do for your company?  Do you have physical assets, capital equipment, maintenance procedures, spare parts inventory, and equipment certifications?  How…

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Asset Walkdown – Know Your Assets

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 as a refinery.  For the…

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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…

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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.…

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Augmented Reality: For the Oil and Gas Industry, It’s Not a Mirage

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, or AR, is finding a…

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Waiting, waiting….It’s been a week and still waiting and I am still waiting. The value of Value Stream Mapping
angry man with phone in bed

Waiting, waiting….It’s been a week and still waiting and I am still waiting. The value of Value Stream Mapping

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 was time. More specifically, time…

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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,…

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

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…

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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…

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