Inventory and Equipment Management
Keep track of equipment, tools, and consumable items across multiple locations with ease.
Oilfield service inventory needs are unique:
We understand that when “inventory” is mentioned in the oilfield, it is usually related to equipment assets and tools, not just consumable items. While consumables are definitely used both in the shop and in the field, unless you are a parts supplier, the focus is typically on the equipment. Service companies buy and stock parts inventory for maintenance of equipment and rolling assets, or may buy bolts, hoses, valves, flanges, gaskets, motors, pumps, downhole GPS or measuring devices, and then assemble them into a more functional unit. This unit may become a working piece of equipment and may be rented or used to perform a service, or may be combined with other units to suit its purpose. It is then returned and rebuilt or redressed when appropriate or is maintained in the field. Handling all of this together and efficiently across multiple locations, yards, trucks, or customer sites is a job for ofsERP.
Equipment. tool, and fleet inventory are each assigned a specific number, or several, one for each key component. Some are bulk, or non-serialized rental items which are of such low value that they do not need to be tracked by each specific unit, but still need to be counted to track deployment and return.
Pipe and other tubular goods are often tracked using two completely different units of measure in which case the same item may be tracked in both joints and linear feet. All different grades, characteristics, threads, sizes, quality control attributes, and inspection documents are often required. Trying to complete all these tasks while accurately maintaining inventory item counts across multiple locations, along with maintaining up-to-the-minute accuracy on the quantities of: available to promise, on order, and expected due date of inbound purchases of items with different lead times is pretty much impossible if you’re trying to do this in multiple systems. The most reliable and efficient way to accomplish all these tasks is by performing them in a single ERP system.
If you have a large shop, central supply location, or warehouse, Microsoft Dynamics 365 BC Inventory Management can be used to optimize efficiency. The directed pick / put-away feature allows fast handling and shipping of goods, directing you right to the item location and bin that is to be shipped or stocked. To take speed and accuracy to the next level, the option to include handheld devices may be used for picking, put-away, physical inventory, internal warehouse movements, and more.