Clientele using Riversand Material Master Solution
Chevron Mini Case Study
The Chevron Corporation is a global leader in the Oil & Gas industry. The company is active in over 180 countries and has crude oil, natural gas, heavy oil, liquefied natural gas (LNG) and deepwater assets. Chevron explores, produces, refines, transports and markets petroleum and petroleum derivatives. As part of the Wheatstone Project, one of their largest ventures to date, the client had to construct and operate a new multi-train Liquefied Natural Gas (LNG) and a domestic gas plant.
During the project, the company employed the Riversand Material Master to manage over 1 million line items (equipment to parts) from 5 different EPC contractors while ensuring the data integrity and accuracy of the overall inventory, across all the ERP systems and international business units. Chevron managed over 150,000 equipment tags and 450,000 unique records across 30 branch plants.
With the Riversand Material Master, Chevron cleaned their material master data and automated the data entry process, saving over $ 4 million in administrative and inventory holding costs. The company automated their supplier onboarding process and optimized their project lifecycle by ordering the necessary materials and spare parts in time.