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Industry
Oil and Gas
Challenge
Our customer, a world-class offshore drilling contractor, owns, operates, and manages a fleet of high-specification, premium jack-up rigs. The company sought to increase inventory visibility on six rigs and consolidate excess inventory by relocating it to a central warehouse, which they lacked. To achieve these inventory centralization goals, they partnered with ALLSERV, a tech-first, managed solutions provider with both field experience and subject matter expertise. The team faced challenges due to the COVID-19 pandemic, which restricted mobility and impacted the project timeline. Nevertheless, the team was still able to complete the project within the client's requested timeframe.
Services
Inventory Management
The Solution
Despite facing challenges, ALLSERV successfully completed the project within six months, as planned. The team consolidated $6.4 million in inventory and relocated it to a central warehouse. We optimized inventory levels for the client's warehouses, enhancing inventory visibility and control. Additionally, the team identified a $7.4 million inventory variance and updated the system to improve its reliability. We also recommended the elimination of 54% of redundant or unsecured warehouse locations. The project's success empowered the client to optimize inventory management, reduce costs, and enhance operational efficiency.
The Results
Despite facing challenges, ALLSERV successfully completed the project within six months, as planned. The team consolidated $6.4 million in inventory and relocated it to a central warehouse. We optimized inventory levels for the client's warehouses, enhancing inventory visibility and control. Additionally, the team identified a $7.4 million inventory variance and updated the system to improve its reliability. We also recommended the elimination of 54% of redundant or unsecured warehouse locations. The project's success empowered the client to optimize inventory management, reduce costs, and enhance operational efficiency.
ALLSERV's approach to combining technology with subject matter expertise enabled them to overcome the challenges presented by the COVID-19 pandemic and deliver the project within the expected timeframe. The successful outcome of the project highlights the importance of inventory centralization in improving inventory visibility and control, reducing costs, and increasing efficiency. The project also illustrates the benefits of partnering with the right managed solutions providers to achieve digital transformation goals.
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