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How Enterprise Applications Fuel the Oil and Gas Industry

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.

 

Engineering functionality and a centralized Product Data Management deliver what is in essence a combined ERP and PLM (product life management) solution.  For companies that are involved in both engineering/design and purchasing/material management—and maybe even fabrication/installation—this central repository for engineering data that is shared throughout the enterprise allows for efficient and error-free handover of data between functions. It facilitates handover from engineering to purchasing, between fabrication and installation and maybe even, in the case of last-minute changes to the design, between engineering and installation. This level of integration with enterprise applications deliver detailed tracking of those difficult and unexpected project changes.

 

Posted by Kathie Poindexter, Manager, Product Marketing at Epicor

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