Energy companies are under constant pressure to increase efficiency and reduce operating costs. As part of this effort, our customer wanted to improve its ability to analyze Supply Chain related data across the business and move away from manual analysis to automated analytics.
A specific area of attention was Purchase Price Comparison analysis, where the customer wanted to able to see, for a specific part, all the historic prices paid by period and vendor. Such analysis would be used to support negotiations on future procurement. The customer saw a further opportunity for improvement in its Asset Maintenance activities. Data was held in multiple systems, which led to inaccuracies and challenges with pulling together information on the key metrics on which the business needed to report, such as, asset manufacturer, criticality, rig type and asset location.
