Inventory and Materials Management

Minimize operational downtime and cut inventory costs

Speak to an expert

At Add Energy, we utilize our award-winning software and highly experienced experts to unlock efficiencies in inventory management processes to safeguard business integrity and minimize operational expenditure.

How we deliver full-cycle inventory management efficiencies

Add Energy has joined forces with Craig International and AH Asset Solutions to create an end-to-end, efficiency-driven inventory, procurement, and logistics optimization solution which provides significant time and financial benefits.

From inventory data enrichment and process optimization to procurement, warehouse management, asset tracking, and disposal of unnecessary spares, we provide a turn-key solution to inventory management challenges.

How we deliver full-cycle inventory management efficiencies

Add Energy's asset integrity management and software services are now a service line within ABL

How we can help

Operational inventory management

Operational inventory management

  • Repair and sparing strategies
  • Material data standardization and mastering
  • Equipment and maintenance Bill of Materials (BoMs) development and enrichment
  • Critical spares identification
  • Min max level setting for stock holding
  • Preservation maintenance strategies
  • Obsolescence management
Procurement

Procurement

  • 24/7 cost effective part ordering, sourcing, monitoring and delivery
  • A client buyer portal including a digital catalogue of 60,000 products
  • Supply of procurement specialists
Warehouse and logistics

Warehouse and logistics

  • Inventory audit, count, and verification
  • Warehouse audits
  • Inventory rationalization studies
  • Surplus spares valuation, disposal and transfer of ownership
  • RFID asset tracking and management of change software

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Our inventory management solutions are guaranteed to help you:

Save money

Save money

Enabled by accurate and reliable inventory data to better determine the optimal spares holding for your business and procure assets at a competitive price point

Boost productivity

Boost productivity

Through access to accurate data and use of cutting-edge technology to automate processes, streamline laborious tasks, and achieve effective management of change

Generate cash

Generate cash

Identify obsolete items and unnecessary stock to dispose of and sell off to gain capital back into your business

Minimize downtime

Minimize downtime

Through identification of critical assets which could impact production, assuring their readiness for use and being able to pinpoint their location at the click of a button

Our proven results

Our solutions have been proven to minimize business risk and unlock significant cost savings and efficiencies for our global clients across multiple industries.

Some of our results include:

  • Saved over $17M on planning and efficiencies gains through enrichment of 167,000 Maintenance BoMs
  • Saved an average of 11% on procurement spend per client
  • Identified $19,007,006.50 of unnecessary stock being held, caused by poor data standards which resulted in ordering duplication of equipment
  • Reduced number of suppliers our client had to manage directly by 60% through access to our online procurement portal
Our proven results
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By having up to date and accurate maintenance BoMs, the maintenance team can efficiently identify the right spare parts, with the correct specifications to execute the maintenance tasks. This has helped reduce equipment outage time, backlog, and expenditure associated with part sourcing.

Maintenance Director, International Energy Company


5 reasons why you should consider utilizing Add Energy to optimize your inventory, procurement, and logistics management:

Viable options

Viable options

Through a cost-free initial review and consultation, we can recommend where best to focus your efforts and budget to solve your inventory management challenges

Results focused

Results focused

Born from a shared team mission to relentlessly pursue solutions that unlock business efficiencies– we will not commit to a project without a guaranteed ROI for our client

Cost and time effective

Cost and time effective

Access tried and tested technology that is capable of solving real-world inventory management challenges in a timely and cost-effective manner

Buying power

Buying power

Reduce procurement spend through access to preferential pricing for over 60,000 products influenced by our annual spend

Quality and sustainability assured

Quality and sustainability assured

Harness technology and highly experienced materials management experts to implement quality assured and future-proof solutions

Key contacts

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Afia McClenaghan

AIM Canada Regional Lead

The Americas

afia.mcclenaghan@addenergy.no

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Peter Adam

ABL Group MD - Asset and Integrity Management

peter.adam@addenergy.no

Get in touch

If you'd like to learn more about our range of asset and integrity management services, or want to discuss your project with us, please get in touch by completing the form below...