![]() The oil and gas industry is unforgiving and customers even more so. What can an ERP Solution do for Oil and Gas Companies? With an ERP solution, they can stay on top of their entire supply chain, providing end-to-end management of orders and the physical movement of production. In fact, the oil and gas sector spent $34 billion on deliveries around the world in 2013, according to data from Deloitte Touche Tohmatsu Limited. What does an ERP solution for O&G companies need to do? These companies often need to track equipment, supplies, and resources that have to be moved often and in remote places.Ī modular ERP system helps them plan the movement and location of all their resources, which are often in remote locations.īusinesses in the oil and gas industry often operate in several places throughout the world, fostering supply chains that extend beyond the corporate offices. Why Oil and Gas Companies need an ERP Solution?ĮRP software is an excellent tool for helping businesses gain visibility into their daily operations, enabling them to make better decisions and become more efficient.ĮRP solutions are in demand in every industry because they integrate data from various functional areas, and can be used to track stock availability, manage inventory and orders, optimize efficiency, and reduce cost. For that, you need to take a step back and think about all of the various processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond.Īt its most basic level, ERP software integrates these various functions into one complete system to streamline processes and information across the entire organisation. ERP is an acronym for Enterprise Resource Planning, but even its full name doesn’t shed much light on what ERP is or what it does.
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