Energy & Mining International - Winter 2016 - 14

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DECISION-MAKING | COLUMNS

be weighed against business data and
market conditions, such as current or
predicted oil prices, to determine the
optimal point when the equipment
could be taken offline in order for the
necessary repairs to have the least
revenue impact.
Due to the transitory nature of
employment on oil rigs, using data and
technology for more efficient workforce management is saving companies significant time and money.
With predictive analytics, companies
now can consolidate all scheduled
resources and field activity in order to
assemble crews from anywhere, at a
moment's notice. Other advantages of
using data to improve workforce management include real-time schedule
updates, manage equipment disposition and track employees' qualifications, certifications and availability.

14 emi-magazine.com

Winter 2016

From a cost perspective, leveraging
integrated data allows for mitigating
risk in programs and compliance
efforts by connecting procurement
activities to the entire requisition
and project lifecycle. It also could
help control costs by monitoring full
workflow, time entry, expense entry
and budgetary controls.
One of the biggest areas of cost
leakage in the oil and gas industry is
inventory management. This is because most organizations have limited
visibility into global inventory, which
can cause repeat or duplicate buys.
By connecting inventory data with
business data from the organization
and suppliers, companies will only
purchase what is needed. They'll also
benefit from insights during and after
receipt of shipments with mobile,
user-friendly, real-time analytics and

easy-to-use planning tools. Tracking
systems linked to enterprise planning
software will be able to monitor equipment movement, fuel levels, consumption and all associated transactions.
Proactively harnessing real-time
data and analysis is giving companies
the edge they need to survive and
compete in this ever-changing market.
Making operational decisions based
on real-time business information
helps deliver wider margins, improves
financial performance and helps meet
success goals. In an environment
where every dollar counts, companies
must continue to transform to uncover
opportunities for greater efficiency
and effectiveness. EMI
__
BRENT POTTS is director of industry
marketing for oil and gas at SAP. For more
information, visit www.sap.com.


http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
Energy & Mining International - Winter 2016 - 8
Energy & Mining International - Winter 2016 - 9
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Energy & Mining International - Winter 2016 - 14
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Energy & Mining International - Winter 2016 - 18
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Energy & Mining International - Winter 2016 - 20
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Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue4
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue3
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue3ab
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue2
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue2b
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue2a
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue1
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue1a
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol16issue3
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol16issue2
https://www.nxtbook.com/nxtbooks/knighthouse/emi_vol16issue1
https://www.nxtbook.com/nxtbooks/knighthouse/emi_2017winter
https://www.nxtbook.com/nxtbooks/knighthouse/emi_2017summer
https://www.nxtbook.com/nxtbooks/knighthouse/emi_2017spring
https://www.nxtbook.com/nxtbooks/knighthouse/emi_2016fall
https://www.nxtbook.com/nxtbooks/phoenix/emi_2016spring
https://www.nxtbook.com/nxtbooks/phoenix/emi_2016winter
https://www.nxtbook.com/nxtbooks/phoenix/emi_2015fall
https://www.nxtbook.com/nxtbooks/phoenix/emi_2015summer
https://www.nxtbook.com/nxtbooks/phoenix/emi_2015spring
https://www.nxtbook.com/nxtbooks/phoenix/emi_2015winter
https://www.nxtbook.com/nxtbooks/phoenix/emi_2014fall
https://www.nxtbook.com/nxtbooks/phoenix/emi_2014summer_vol2
https://www.nxtbook.com/nxtbooks/phoenix/emi_2014summer
https://www.nxtbook.com/nxtbooks/phoenix/emi_2014spring
https://www.nxtbook.com/nxtbooks/phoenix/emi_2014winter
https://www.nxtbook.com/nxtbooks/phoenix/emi_2013fall
https://www.nxtbook.com/nxtbooks/phoenix/emi_2013_summer_vol2
https://www.nxtbook.com/nxtbooks/phoenix/emi_2013summer
https://www.nxtbook.com/nxtbooks/phoenix/emi_2013spring
https://www.nxtbook.com/nxtbooks/phoenix/emi_2013winter
https://www.nxtbook.com/nxtbooks/phoenix/emi_2012fallwinter
https://www.nxtbook.com/nxtbooks/phoenix/emi_2012fall
https://www.nxtbook.com/nxtbooks/phoenix/emi_2012summer
https://www.nxtbook.com/nxtbooks/phoenix/emi_2012spring
https://www.nxtbook.com/nxtbooks/phoenix/emi_2012winter
https://www.nxtbook.com/nxtbooks/phoenix/emi_2011fall
https://www.nxtbook.com/nxtbooks/businessmedia/emi_20110607
https://www.nxtbook.com/nxtbooks/businessmedia/emi_2011summer
https://www.nxtbook.com/nxtbooks/businessmedia/emi_2011spring
https://www.nxtbook.com/nxtbooks/businessmedia/emi_2011winter
https://www.nxtbook.com/nxtbooks/businessmedia/ep_2011winter
https://www.nxtbook.com/nxtbooks/businessmedia/ep_2010fall
https://www.nxtbook.com/nxtbooks/businessmedia/ep_2010summer
https://www.nxtbook.com/nxtbooks/businessmedia/ep_2010spring
https://www.nxtbook.com/nxtbooks/schofield/ep_2009winter
https://www.nxtbook.com/nxtbooks/schofield/ep_2009fall
https://www.nxtbookmedia.com