Data Management Solution For Oil & Gas(ConocoPhillips) - Riversand PIM
Industry
Energy
Geographies
170+ Countries
Number of SKU’s
55 Million
Revenue
$12 Billion
As the third largest integrated energy company in the U.S., ConocoPhillips sources and procures materials from thousands of different suppliers across a wide variety of MRO products.
Turning Information into insight
Challenge
  • Risk of plant shutdown
  • Higher inventory costs
  • Increased procurement costs
  • Wasted productivity
Solution
  • Classified and restructured taxonomy to PIDX standard
  • Matched 200K+ free-text POs
  • One-time cleansing & on-boarding of 1.3M+ items within Material Master
  • Created 3.4K category-specific item templates
Benefits
  • Reduced global inventory costs
  • 20% decrease in PO costs
  • 15% productivity increase in data management
  • Reduced plant shut-down risk with easily identifiable spare parts
Let us transform your data into an asset
Poor Data Management results in Higher Costs and Higher Risk
Read Their Success Story
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