Call Us +1 855-743-5272
Who Drives Asset Management in Your Company and What is Asset Management?
31146234 - young businessman holding burning torch in hand

Who Drives Asset Management in Your Company and What is Asset Management?

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…

Continue Reading

The Short Guide to Asset Verifications During M&A

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…

Continue Reading

WHAT IS ASSET MANAGEMENT?

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…

Continue Reading

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…

Continue Reading

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…

Continue Reading

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…

Continue Reading

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…

Continue Reading

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.…

Continue Reading

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…

Continue Reading
  • 1
  • 2
Close Menu