How Enterprise Applications Fuel the Oil and Gas Industry

2/27/2013

Category:  ManufacturingERP

Oil and gas (O&G) are some of the most important raw materials on earth. As an evolving market landscape, the O&G industry faces increased competition in response to growing pressure for better and newer revenue streams. Few other industries demand the scope and complexity of management required by the oil and gas industry, and this can have a dramatic impact on global commerce and economics.

Through today’s integrated and automated tools like enterprise resource planning (ERP) solutions, O&G companies stand a strong chance of meeting market demands, optimizing their productivity and sustaining their industry’s contributions to global progress. In order to succeed in the industry now, the oil and gas industry suppliers need enterprise applications that:

  • Integrate the working processes across disciplines, including engineering, fabrication, on-site construction, aftermarket service management and project management.
  • Standardize processes to better secure quality, including work performed internally as well as work performed by outside contractors and subcontractors.
  • Provide a complete overview of projects, along with tools to manage the project pro-actively and in real time.
  • Project resources planning tools- allows customers to better schedule tasks in parallel rather than in sequence. In this environment, for instance, you often start fabrication long before drawings and product structures are completed.

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