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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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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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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…

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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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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…

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Automating MRO Warehouses- Domo Arigato Mr. Roboto

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 and that they would need…

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

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

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 and that they would need…

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Inventory Accuracy Measures to Ensure Uptime with the Lowest Investment
Inventory Concept. Word on Folder Register of Card Index. Selective Focus.

Inventory Accuracy Measures to Ensure Uptime with the Lowest Investment

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 and that they would need…

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