Inventory, Procurement and Logistics Optimization

Minimize operational downtime and cut inventory costs

Speak to an expert

The Global Maintenance Manager Survey 2023 is NOW LIVE

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

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

AE ABL Headshot21

Afia McClenaghan

AIM Canada Regional Lead

The Americas

afia.mcclenaghan@addenergy.no

AE ABL Headshot29

Jennifer Bellacosa

AIM USA Regional Lead

The Americas

jennifer.bellacosa@addenergy.no

AE ABL Headshot6

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...

Asset and Integrity Management Blog

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How to choose the best maintenance strategy for you

Following a maintenance strategy is a crucial component of optimizing performance and maximizing production in any business. Failing to conduct proper maintenance can lead to inefficiencies, breakdowns and unexpected downtime - all of which can cost a business significant amounts of money.

The top asset integrity management challenges, and how to overcome them

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The top asset integrity management challenges, and how to overcome them

Asset integrity management (AIM) is the process of ensuring that an organisation’s physical assets and people are operating as intended and are fit for purpose. This includes both the maintenance and upkeep of any assets, along with the identification of any risks that may impact their performance. 

Ask the Expert: Helping operations & maintenance teams overcome their biggest challenges, with Jennifer Bellacosa

25 Apr 2023

Ask the Expert: Helping operations & maintenance teams overcome their biggest challenges, with Jennifer Bellacosa

Based in Houston, Texas, Add Energy’s Managing Director for the US Asset & Integrity Management division, Jennifer Bellacosa, has developed a strong passion and depth of knowledge of the challenges facing operations & maintenance (O&M) teams across various sectors, resulting in a wealth of expertise in how to overcome these problems. From CMMS migrations and data analysis, to spare parts management and maintenance strategies, Jennifer is dedicated to taking the time to understand our customers and help them find the best solutions for the challenges they’re facing.

Why is asset integrity management important? The 5 major benefits

25 Apr 2023

Why is asset integrity management important? The 5 major benefits

Asset integrity management (AIM) is the term that describes the practice of visualising and managing assets to ensure they’re performing their required functions, safely, effectively and efficiently throughout their lifetime and potentially for an extended lifetime if the right data has been collected.

The top 3 issues caused by a poor asset register, and how to overcome them

24 Apr 2023

The top 3 issues caused by a poor asset register, and how to overcome them

A company’s asset register is incredibly important, but it’s often an overlooked source of data when considering the opportunities to optimize the efficiency of a facility.

In this blog post, we share common issues that result from a poor asset register, and provide actionable advice on how to overcome them in your own business.

Materials management during mergers and acquisitions: 5 key factors to consider

20 Apr 2023

Materials management during mergers and acquisitions: 5 key factors to consider

Mergers and acquisitions can present a number of challenges across all areas of the two businesses as they embark on the huge change of becoming a single entity. There are so many important decisions to be made in order to effectively streamline operations, production, systems and people. 

Maintenance during mergers and acquisitions: The challenges and solutions

06 Apr 2023

Maintenance during mergers and acquisitions: The challenges and solutions

The journey towards two companies becoming one single entity can be extremely challenging and stressful, with so many important considerations and decisions to be made to effectively streamline operations, systems, people and so much more. 

6 steps to master asset data collection, validation and enrichment

27 Feb 2023

6 steps to master asset data collection, validation and enrichment

On Thursday 9th February, Add Energy hosted a free webinar on the what, why and how of master asset data collection, validation and enrichment, in order to help attendees mitigate against common challenges and pitfalls.

The webinar was held in response to Add Energy’s 2022 Maintenance Manager report, where one third of more than 400 professionals who took part in the study identified CMMS data quality and usage as one of the biggest challenges they currently face.