Inventory, Procurement and Logistics Optimization

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

How we can help

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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
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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
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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

2021 Headshot Susan

Susan Steyn

Vice President

The Americas

The Caribbean

Susan.steyn@addenergygroup.com

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Afia McClenaghan

Country Manager/Business Development Manager for Canada

The Americas

afia.mcclenaghan@addenergy.no

2021 Headshot Alex Sherman

Alex Sherman

Sales Executive

Europe

alexander.sherman@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...

Asset and Integrity Management Blog

How to calculate optimal inventory levels

05 May 2022

How to calculate optimal inventory levels

At the heart of every inventory management strategy is accurate and reliable data. It is critical to have access to this data and information at your fingertips to make informed decisions around setting optimal inventory levels.  

4 tips for improving your preservation maintenance and avoiding costly shutdowns

06 Apr 2022

4 tips for improving your preservation maintenance and avoiding costly shutdowns

Ensuring spare parts are fit for purpose is incredibly important, as it enables operations to run smoothly, minimizes production inefficiencies, and eliminates wasted time and money. Yet this is often neglected and proves costly for so many companies across the world.

How industry experience can increase personal development and employability

31 Mar 2022

How industry experience can increase personal development and employability

With many benefits such as increased employability, improved skills and knowledge, personal development, and professional networking, work placements are a great way for students and graduates to kickstart their professional development and for organizations to invest in the up-and-coming workforce that will soon be joining their industry. 

The most common skills gaps in maintenance teams, and how to plug them

29 Mar 2022

The most common skills gaps in maintenance teams, and how to plug them

Having a highly skilled maintenance team is essential to enhancing plant performance and reducing the number of incidents and accidents which occur. 

Although highly competent people are employed in their roles, research has shown that there is a considerable gap in non-technical skills among maintenance teams and those in supervisory roles.

In this blog post, Mike Meen - consultant at Add Energy - shares his insights on what the most common skills gaps are among maintenance teams, why these have become so prevalent in the industry and how to plug this disparity in non-technical skills…

M100: Training expert answers the four most asked questions

28 Mar 2022

M100: Training expert answers the four most asked questions

A deep dive into our new M100 Field Maintenance course

The Add Energy Academy has been created to enhance the knowledge and skills of workforces, help teams overcome common challenges, and ultimately enable businesses operating within the energy, utility, manufacturing, renewables, marine and mining sectors to be safe, efficient and effective.

4 ways to upskill and grow your maintenance team

28 Mar 2022

4 ways to upskill and grow your maintenance team

Following two years of working through a pandemic, it’s no surprise that there are growing skills gaps emerging across companies - as budgets have been cut, teams have been forced to downsize, and with that, knowledge and experience has been lost. 

Many maintenance teams across the globe have felt this pressure, and there’s now a rising need to upskill and fast-track competence in order to achieve performance targets. 

Work, learn and earn: How an apprenticeship can kickstart your career

09 Mar 2022

Work, learn and earn: How an apprenticeship can kickstart your career

We’re celebrating Scottish Apprenticeship Week at Add Energy this week! We have found that supporting apprentices through their studies has brought a wealth of benefits to both our team of apprentices and our company - from upskilling our people through formal learning and development opportunities, to improving the productivity of our business functions and thus the quality of our services to our clients.

Paving the way for a sustainable future: A Q&A with Add Energy’s female leaders

07 Mar 2022

Paving the way for a sustainable future: A Q&A with Add Energy’s female leaders

As the oil and gas industry undergoes a seismic shift towards renewable energy, gender equality cannot be forgotten about in the fight against global climate change. This year’s International Women’s Day is centered around the core theme of “gender equality today for a sustainable tomorrow”, which is especially relevant to our sector as sustainability now dominates many decisions and strategies throughout the industry.