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 career as an Army Officer…
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 asset tracking. This technology is…
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 product designs, each asset needs…
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, competitively priced, and properly accounted…
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 improved) a wide range of…
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…
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…
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…
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…
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…