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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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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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Is It Time You Implemented Consignment Inventory Management ?
Inventory Concept. Word on Folder Register of Card Index. Selective Focus.

Is It Time You Implemented Consignment Inventory Management ?

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 benefits of consignment inventory as…

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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 Kennel…

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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…

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5 Questions That Saved Us Hundreds of Thousands of Dollars in Shipping Costs and Fees
Shipping Container

5 Questions That Saved Us Hundreds of Thousands of Dollars in Shipping Costs and Fees

Shipping Costs Align Business Processes and Data Analysis to Improve Value Delivery   What a day — out of the blue, my motherboard decided to quit on me. Dead. Gone.…

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Has 3D Printing Been Tested In The Real World On A Rig? 

[siteorigin_widget class="SiteOrigin_Widget_Image_Widget"][/siteorigin_widget]Dials and gauges aren't enough anymore! 3D Printing for Parts Replacement at Remote Sites   In the oil and gas industry, remote drilling and extraction sites present a unique…

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