Inventory, Procurement and Logistics Optimization

Achieve inventory management excellence

Minimize operational downtime and cut inventory costs

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.



Gain access to inventory management solutions that are guaranteed to:

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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

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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

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Generate cash

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

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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

Sign up to receive regular insights and advice around inventory, procurement and logistics optimization

How we can help

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

  • 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

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

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 inventory management software

Our award-winning inventory management software has been designed to improve the interface between people and data, harnessing machine learning and industry 4.0 to revolutionize the way businesses operate.

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:

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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

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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

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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

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Buying power

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

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Quality and sustainability assured

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

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...

Asset and Integrity Management Blog

3 fundamental processes guaranteed to unlock maintenance efficiencies and ensure plant reliability

13 May 2021

3 fundamental processes guaranteed to unlock maintenance efficiencies and ensure plant reliability

An operating plant is subject to significant changes throughout its lifecycle, ranging from new owners to plant upgrades, design changes and expansions. When these changes are not managed correctly this can incur exposure to safety issues, downtime and unnecessary costs. 

The updating of condition changes must be reflected in the master data that resides in the CMMS or EAM to minimize these risks or what once felt like a well oiled machine for managing the plant maintenance will rapidly deteriorate.

Key considerations for setting optimal min/max inventory stock levels to assure productivity and profitability

10 May 2021

Key considerations for setting optimal min/max inventory stock levels to assure productivity and profitability

Efficient inventory and spare part management is a fundamental requirement for achieving business performance goals and mitigating risk.

And unfortunately for us, a crystal ball for pinpointing exactly when you will need a spare part does not exist for helping to decide which spares should be kept in stock, how many you should hold and where they should be located. But what we can do to help inform stocking decisions is assess the factors that are directly linked to accessing the spare part you need. This should include data and information relating to the risk profile, lead times, storage costs, costs of loss and demand rates.

Harnessing “Industry 4.0” to safeguard asset integrity: Initiatives for unlocking efficiencies to protect your people, plant and processes

27 Apr 2021

Harnessing “Industry 4.0” to safeguard asset integrity: Initiatives for unlocking efficiencies to protect your people, plant and processes

A safe asset is a reliable asset, and a reliable asset depends on sufficient equipment management strategies and risk mitigation barriers being put in place and adhered to through a systematic approach to asset management.   

To achieve this, companies must consider harnessing technology advances. With mass redundancies and cost cutting initiatives occurring all over the world in the wake of COVID-19, a transition to utilizing and adapting to Industry 4.0 technology is more critical now than it ever has been.  

5 undeniable benefits of outsourcing your CMMS build

21 Apr 2021

5 undeniable benefits of outsourcing your CMMS build

Safe, efficient and effective asset management is dependent on an optimized maintenance and integrity management regime, built upon reliable, structured and quality master data. 

For any new or operational plant, the CMMS build is a crucial requirement that will lay the foundation for managing the maintenance, integrity and reliability of the plant through its operational life-cycle. Getting this foundation element wrong will quickly be magnified in poor work execution, rework and extended lost production, directly impacting OPEX.  

Developing new safety initiatives for the industry: Exclusive insights from the Chair of the Competence Workgroup at Step Change in Safety

19 Apr 2021

Developing new safety initiatives for the industry: Exclusive insights from the Chair of the Competence Workgroup at Step Change in Safety

Like most companies, health and safety is at the heart of our company values. Always at the forefront of our minds, we think about how each task could impact the quality, health, safety and environment, which has resulted in a number of our team members at Add Energy working closely with Step Change in Safety.

For those who don’t know, Step Change in Safety is a member-led organization that is working to make the UK continental shelf the safest oil and gas province in the world in which to work. The team of volunteers are committed to supporting the development of new initiatives and reviewing lessons learned within the industry, improving safety through engagement, leadership, and collaboration.

In our latest blog, we catch up with Mike Meen, one of Add Energy’s consultants and chair of the Competence Workgroup at Step Change in Safety on the importance of developing new safety initiatives within the industry.

 

How to de-risk “Master Data Migration and Transfer” programs

09 Apr 2021

How to de-risk “Master Data Migration and Transfer” programs

When a company embarks on a business merger or acquisition of a facility or multiple facilities, there are several critical success factors for assuring the process is implemented as seamlessly, morally, and efficiently as possible.

The CMMS, EAM or ERP sits at the heart of safe, effective, and efficient management of a facility, therefore the migration of the maintenance, materials and integrity data to a single, common platform can be critical to the success of a merger or acquisition.

In this blog, Andy Bell – a data migration expert from Add Energy, discusses common challenges associated with data migration, the risks and potential impact this can have on a business when it goes wrong and solutions to consider for setting a data migration project up for success.

5 Daily habits of an effective Maintenance Manager

08 Apr 2021

5 Daily habits of an effective Maintenance Manager

Being a Maintenance Manager can be a very rewarding job, but it can also come with huge challenges and pressures around effective management of costs, time, safety, efficiencies and much more.

At Add Energy, we understand the highs and lows you face with maintenance management. In this blog, we have combined some top tips for becoming an even more effective Maintenance Manager, despite the challenging environment you work in...

A data driven journey to maintenance excellence: how we saved $46.5M of annual maintenance expenditure

06 Apr 2021

A data driven journey to maintenance excellence: how we saved $46.5M of annual maintenance expenditure

It is a known fact that planned preventative maintenance is significantly more cost-effective than breakdown maintenance or replacing expensive parts. For many companies, preventative maintenance is seen as an investment - one that must be carefully balanced, planned, and scheduled to reap the economic and safety benefits so that the return on investment (ROI) can be realized. 

Without a meticulously planned preventative maintenance management regime, companies are subject to increased risk of equipment failure, loss of production, and excessive maintenance costs.