Stock optimisation - an efficient service partner for the rest of the business

Ensuring warehousing acts as an effective service within a business is a key consideration for oil and gas operators - helping to secure business continuity and safe operations.

Demand for stock is driven by exploration and production operations, and associated upgrade projects. The complexity and scale of these projects, often in remote global locations, places a burden on supply chain managers to ensure effective processes are put in place to deliver the right goods to the right place, at the right time, in the most efficient and cost effective manner.

Developing a program of stock optimisation which can be easily actioned and incorporated into daily operations without burdening stock controllers with cumbersome reports or calculations is key.

To reach this stage a business must address three main areas, using data from its ERP or supply chain system to validate decision-making in stock performance and stock segmentation including the stock policy and stock optimisation.

Want to read on? Download our white paper written by Björn Harzer to find out more.