Spare Parts Management Solution For Oil & Gas - Riversand PIM
Industry
Oil & Gas
Geographies
54 Countries
Number of Items
500K+
Revenue
$411 Billion
ExxonMobile saw an opportunity to reduce procurement and inventory costs, and pre-empt critical spare parts needs by streamlining and automating inventory data.
Turning Information into insight
Challenge
  • Unnecessarily high spare-parts acquisition costs
  • Need to pre-empt critical spare parts needs
  • Current manual data handling, error prone and time consuming
Solution
  • Automate portions of data handling operations
  • Vendor portal
  • Manage equipment-to-parts relationships for all plants
  • Syndication to Global SAP Material and Plant Master
Benefits
  • Saved over $10M in bulk material
  • Post project data entry savings $3M per project
  • Reduced acquisition costs for spare parts by 15%
  • Reduced project administration costs by $1M per project
Let us transform your data into an asset
ExxonMobile uses Riversand’s Solutions to streamline Capital Projects
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