For most companies, inventory tracking and management is a straight forward process; however, for companies operating in upstream Oil & Gas, this process can become complicated as field equipment and tubular goods are often transferred between yards and well sites directly. In addition to the movement of these assets, the equipment and tubulars may also be refurbished and repurposed prior to being transferred, sold, and/or reused. Accounting for these changes in condition, measurement, and location can be difficult with standard SAP alone — often requiring various transactions across different operational disciplines and involving multiple users within the overall chain of events.
SAP Asset Management System for Oil & GAS (SAP AMSOG) helps our customers manage this complicated and time consuming process by expanding the capabilities of standard SAP. With this application, customers have a single interface to track high volume movements of materials and equipment. In addition to this capability, SAP AMSOG provides functions and features to support the valuation and measurement (including dual units of measure) of inventory. The solution also integrates the necessary material movement transactions and financial entries reducing the redundancy of manual data input. Finally, the solution takes care to maintain a clear and historical audit trail of all transaction carried out through the system.
SAP AMSOG truly brings the management of inventory processing closer to the source (yard and well), providing on line and real time access to inventory supplies.
Attend the International SAP Conference for Oil & Gas and meet Jens-Stefan Breuker, Custom Development Global Program Lead; and, Bret Strobo, Custom Development Global Product Owner.
Learn how SAP AMSOG can help your business recognize value:
- Reduce costs associated with back office support and utilizing assets on location or at closer locations
- Improve productivity by increasing wrench time or administrative efforts
- Decrease the Days in Inventory cycle time
- Reduce valuation errors
- Increase utilization of existing assets and drive a better ROA
International SAP Conference for Oil & Gas
April 14-16, 2015 Berlin Germany
Register now and join the conversation: @SAPOilandGas, #OilGasConf