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Achieve inventory management excellence
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.
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:
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
Cost and time effective
Quality and sustainability assured
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...
A case study with the overall project goal to verify the client’s current asset register, update and collect name plate data and assure drawings matched the current onsite layout.
A case study with the project goal to assure complete accuracy of the inventory data within the CMMS.
A case study with the project goal to develop an efficient asset management and maintenance program designed to assure safety and reliability of the assets
Add Energy’s materials management team were tasked with enhancing and standardizing material masters and enriching existing Bill of Materials (BoM) data within the clients CMMS and creating new BoMs for critical equipment.
21 Jul 2021
To hold on to training budgets, or obtain new training budgets amid a cost-conscious environment it is important to correctly identify and prioritize training programs based on the perceived risk of not providing adequate competency assurance initiatives.Last month, Add Energy’s Afia McClenaghan hosted a panel discussion with senior asset management professionals on how to drive performance and optimize costs through upskilling initiatives.During the event, leaders from international energy producers including Canlin Energy, BP and Keyera Corporation discussed real-life challenges relating to this topic and shared proven tactics they would recommend for unlocking the potential of your maintenance and reliability workforce.
24 Jun 2021
Getting this foundation element wrong will quickly be magnified in poor work execution, rework and extended lost production, directly impacting OPEX.
21 Jun 2021
When BoM data is incomplete, outdated or incorrect, this can incur costly issues that could very easily be avoided. Focusing on enriching and verifying your BoM data is proven to unlock significant efficiency gains across the entire operations of a plant, and should be one of the first steps that plant operators should consider when looking for opportunities to improve performance.
We recently caught up with Iain Wood, Add Energy’s Materials Manager, who has shared key insights from the world of BoM development and enrichment. In this blog, Iain shares advice on how to recognize indicators that could signify the need to improve your BoMs, the benefits of doing this, and a proven, step-by-step process to follow for developing and enriching your BoM data for optimal return on investment (ROI).
What are the common signs and symptoms that could signify the need to improve your BoM data?
What are the benefits of developing and enriching BoMs?
“Well maintained BoMs should provide a source of truth for multiple teams across the business, and provide a reliable list of spares required to effectively maintain and operate equipment throughout its lifecycle. They are ultimately the foundation for smooth, efficient operations, with significant benefits felt across inventory, maintenance and procurement teams. Inventory and procurement-related benefits:
The step-by-step process to developing and enriching BoMs:
“A BoM development and enrichment project is a timely and resource heavy initiative to run internally. For plant operators who want to unlock the benefits associated with accurate and reliable BoM data, but don't have the resources internally to do this, outsourcing this work to a team of specialists is a highly efficient option.
“In addition to shifting the burden of the work to an external specialist, this tactic can also bring additional benefits relating to cost, turnaround time and quality.
14 Jun 2021
The philosophies cascading into the management systems and processes influences all 4 elements of what it takes to be a high performer. Without a meticulously designed and executed CMMS resulting from this, plants are subject to increased risk of equipment failure, loss of production, and excessive maintenance costs – which will directly impact the safety integrity and performance of the plant. To truly optimize a plant’s maintenance and materials regime and unlock the associated benefits that come with it, it is key to build this regime using reliable, structured, and quality master data. Realizing the need to have this in place, Add Energy were contracted by an international energy company to deliver a global maintenance optimization project where we were tasked with enriching the CMMS data and optimizing the maintenance management regime, and associated spare parts in excess of 1.3 million equipment tags. The challenge To assure the right level of preventative and predictive maintenance and inspection, on the right equipment, was being done with the right materials, at the right time – no more, no less. Achieved through:
02 Jun 2021
“For some items, preservation maintenance is required to assure they function as they should when they are required. “The requirements for conducting preservation maintenance can make it difficult to keep track of the locations of critical items due to the maintenance log needing to be manually updated on a regular basis to reflect their condition change, I.e., their location or maintenance being completed. Some businesses may have specialist workshops miles away from the main warehouse, meaning stock that requires specialist preservation maintenance is subject to movement and therefore loss of control. “If these condition changes are not updated in the digital inventory management system, or CMMS, this may result in items not being able to be located, confusion on whether it is available for use and exposure to risk, because the warehouse team are unsure if the item is safe for use because there is no record of it being maintained whilst in the warehouse, as per its requirements. “In addition to this, in my experience, poorly managed preservation maintenance can also cause stock to perish quicker over time because there are no triggers or notifications for maintenance requirements, which may result in premature failure of equipment once installed and the need to replace the part at late notice, at a premium price point.”
25 May 2021
In this blog post, our team of experienced materials and spares management experts share top tips on how to get the most out of your CMMS to unlock efficiency gains…
21 May 2021
This year, Add Energy’s Country Manager for Canada, Afia McClenaghan has been invited to lead a panel discussion on this topic at the Operational Excellence in Energy, Chemicals and Resources summit, starting on June 1st, 2021.
18 May 2021
Danny McGowan, Operations Manager at Add Energy, has 30+ years' experience in the oil and gas industry and has worked on asset management and process safety improvements projects for several aging assets throughout his career. In this blog post Danny discusses the top common challenges associated with aging assets and provides helpful tips on how to overcome them.
26 Jul 2021
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