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Inventory data optimization
International Oil and Gas Company
27 Onshore and offshore production facilities
To validate, enrich and build equipment Bill of Materials (BoMs) in line with the company’s data standards to assure the maintenance, supply chain and materials team had access to the correct data, to order the correct parts, efficiently and effectively for planned maintenance and common corrective maintenance work orders.
During operations the quality, completeness and accuracy of the materials data diminished due to uncontrolled management of change for master data, this resulted in:
Add Energy’s materials specialists verified, enriched, and developed equipment BoMs through the completion of the following tasks:
The work completed by Add Energy saved this client in excess of $16M per year on:
After project and operational costs were deducted, this unlocked a Return on Investment (ROI) over 5 years of $74M
Add Energy’s materials data management software, Effio™, was used by the project team to deliver this inventory management optimization solution.
Effio™ is capable of replicating our clients CMMS environment and provides a user friendly, secure, collaborative, and accessible platform for analyzing, enriching and assigning materials to equipment tags efficiently, consistently, and accurately.
Effio™ is proven to save an average of 30% on time and project costs when compared to traditional methodologies.
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