Simplifying the Complicated Operations in the Oil and Gas Industry through using ERP Systems




When we talk about the energy sector specially Oil and Gas exploration and production, we come to know that most enterprises and companies involved in this sector are always in search of multiple ways through which they can manage the whole process in a cost friendly manner. Industry experts advise that the most economical solution to this management level problem is to select and implement the right ERP for Oil and Gas.

From exploration to extraction, transportation, refining, distribution, Oil and Gas organizations has to focus on different departments and their operations. Here we are going to discuss features that will tell you benefits of the ERP software solution and how ERP can assist you specially in the process of refining and others.

1.     Keeping an up to date Inventory Record
Keeping an eye on the inventory utilized in the refining process is not a piece of cake. For this purpose you have to be very careful and have to evaluate the entire inventory to keep track on financial transactions. The best solution to this problem is to implement ERP for Oil and Gas that will keep track of all entries and the series of different steps undertaken.

2.     Better Asset Management
Organizations working in the Oil and Gas industry are utilizing assets such as buildings, equipment, machines, plants, vehicles and other assets in their operations. Taken into consideration the magnitude of the industry, Executives and managers working in Oil and Gas need to know that it is important to select and implement the right ERP system in order to be able to better manage such a range of assets efficiently. 

3.     Total Quality Management (TQM) & Agile Production
Many Oil and Gas ERP systems include Supply Chain functionalities that are connected to Quality Control features. For this reason and more, organizations should have capabilities to provide agile solutions for the supply chain such as Make-To-Order (MTO), Make-To-Stock (MTS), Engineer-To-Order (ETO), Configure-To-Order (CTO), etc… all under one single portal. ERP for Oil and Gas helps rendering these capabilities and more.

In addition to the above mentioned features, there are many other benefits that you can attain by implementing ERP systems. ERP systems can assist you in training your personnel who are beginners in this field as it provides all the technical and critical information that can be shared with internees or new personnel.

In short, we can say that the huge and complex projects of Oil and Gas exploration and extraction, and so on, can be simplified if the right ERP for Oil and Gas has been selected and implemented.

In the next articles, features and advantages of related and complementary solutions will be introduced including but are not limited to Enterprise Asset Management (EAM) Solution, Process Manufacturing ,Solution, Supply Chain Management Solution, High Tech Manufacturing Solution, Business Intelligence (BI) Solution and more.

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