The integration of P&ID drawings, EPL (Equipment Parts Lists), and inventory management tools in the Oil and Gas industry ensures streamlined operations, reduces downtime, and maintains safety standards. By following best practices for standardized tagging, efficient categorization, automated reordering, and critical spare management, businesses can maintain a highly efficient and responsive inventory system, improving asset management and maintenance reliability.
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https://lnkd.in/dSVUG3yw Read our executive summary for examples of oil and gas maintenance planning and scheduling use cases utilized by IFS customers, and learn why IFS customers achieve an average of: 22% increase in productivity 30% improvement in asset lifetime 25% improvement in maintenance productivity 40% reduction in production downtime* 30% increase in equipment utilization
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When you meet 85% of your goals on day 1, you know you’re on the right track. Read how a major #OilAndGas company did just that when they went live on #GEP SMART to transform outdated #procurement processes.
Here’s how a major #Oil and Gas client met 85% of its goals on day 1 of a transformation project. With #GEP SMART, we integrated 70% of suppliers before going live and transformed #procurement: https://bit.ly/3wt1nAz
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When you meet 85% of your goals on day 1, you know you’re on the right track. Read how a major #OilAndGas company did just that when they went live on #GEP SMART to transform outdated #procurement processes.
Here’s how a major #Oil and Gas client met 85% of its goals on day 1 of a transformation project. With #GEP SMART, we integrated 70% of suppliers before going live and transformed #procurement: https://bit.ly/3wt1nAz
Outdated Procurement Processes Transformed as a Large Oil & Gas Company Embraces GEP SMART | GEP
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HOIST Insights: Workover and intervention events within the oil and gas industry are unavoidable. Convert these downtime scenarios into optimized uptime and productivity. While up to 75% of O&G companies still follow time-based or reactive maintenance, those that have evolved to a predictive maintenance planning and scheduling model (MPS) are reaping the rewards. Read our executive summary to learn how MPS can change your productivity results: https://ifs.link/gbnGCZ
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Did you know? Traditional oil and gas procurement processes can be riddled with hidden costs that erode your bottom line. In this week's Oil And Gas Procurement tip, we explore some of these hidden culprits: Manual Processes: Time-consuming manual workflows lead to inefficiencies and potential errors. Limited Supplier Visibility: Lack of transparency can make it difficult to identify the best deals and manage supplier relationships effectively. Reactive Sourcing: Responding to urgent needs instead of proactive planning can drive up costs. Inefficient Contract Management: Poor contract management leaves room for errors and missed cost-saving opportunities. Here's the catch, modern procurement solutions can help you: Streamline processes for greater efficiency and cost savings. Gain real-time visibility into your supply chain for better decision-making. Implement proactive sourcing strategies to secure the best value for your projects. Optimize contract management to mitigate risks and maximize savings. Want to learn more? Comment below with your biggest procurement challenge, and let's discuss how we can help! #CANDSL #BUSINESSDEVELOPMENT #Procurement #OilAndGas #CostReduction #SupplyChainManagement
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Here’s how a major #Oil and Gas client met 85% of its goals on day 1 of a transformation project. With #GEP SMART, we integrated 70% of suppliers before going live and transformed #procurement: https://bit.ly/3wt1nAz
Outdated Procurement Processes Transformed as a Large Oil & Gas Company Embraces GEP SMART | GEP
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Investing in coil tracking brings significant benefits to oil and gas operations. The initial costs are outweighed by the improved inventory management, operational efficiency, and financial savings. Coil tracking enhances traceability, reduces downtime, and supports compliance with industry standards. Full Post- https://lnkd.in/eZT_hV2B
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#Oil & #Gas companies need asset lifecycle management solutions that support all stages of #asset and #project lifecycles, from planning to implementation through to decommissioning. Even in the world’s most extreme operational environments, #EAM #technology provides exceptional asset visibility from the field to the office, helping minimize disruptions while optimizing productivity. Find out more about EAM for O&G organizations here: http://ifs.biz/j3g
Convert asset downtime into optimized uptime and productivity
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Is your material management strategy keeping up with today’s demands? 🚨 In an industry as complex as oil and gas, simply maintaining your infrastructure is no longer enough. With growing operational challenges and regulatory pressures, outdated material tracking practices can lead to costly inefficiencies and unexpected downtime. Every untracked material and inefficient process could be costing your business valuable time and money. Without the right tools, you’re not just missing out on optimizing your refinery operations—you’re putting long-term success at risk. At EZTRAK, we believe material management should be smarter. By leveraging cutting-edge technology, you can predict, prevent, and optimize—turning real-time data into actionable insights that keep your refinery running smoothly and profitably. 🔗 https://buff.ly/4elc4Ww #OilAndGas #MaterialManagement #RefineryOptimization #EZTRAK
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Is your material management strategy keeping up with today’s demands? 🚨 In an industry as complex as oil and gas, simply maintaining your infrastructure is no longer enough. With growing operational challenges and regulatory pressures, outdated material tracking practices can lead to costly inefficiencies and unexpected downtime. Every untracked material and inefficient process could be costing your business valuable time and money. Without the right tools, you’re not just missing out on optimizing your refinery operations—you’re putting long-term success at risk. At EZTRAK, we believe material management should be smarter. By leveraging cutting-edge technology, you can predict, prevent, and optimize—turning real-time data into actionable insights that keep your refinery running smoothly and profitably. 🔗 https://buff.ly/3BmD9Ky #OilAndGas #MaterialManagement #RefineryOptimization #EZTRAK
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