| Oil & Gas Industry - Global Stock Policy & Operational Efficiency |
|
At one of the world’s leading onshore and offshore drilling companies, LHC Consulting was engaged to investigate the possibilities to reduce worldwide stock levels, improve operational efficiency and enhance the global supply chain. LHC Consulting made an indepth analysis of the stock levels of the 100+ stock locations, the majority situated in remote areas like Angola, Nigeria, Sakhalin and Siberia. The analysis led to a new stock policy that will gradually reduce the capital invested in stocks by 40% without jeopardizing operations. After acceptance by the board, LHC Consulting took on the challenge of implementing this new policy worldwide. To improve the operational efficiency LHC Consulting took over the role of Materials Manager for a period of seven months. In this role LHC improved the logistics organization by setting up structure, implementing performance indicators, improve IT functionalities and develop individual training programs. Worldwide material flows and required lead times were mapped and benchmarked in order to improve the global supply chain. This resulted in a procurement project to match the required services at lower costs. This global air, ocean and road tender led to a cost saving of 19% with an improved service level and increased visibility. In parallel the historically grown supply chain network was challenged and improvements addressed. |
