Materials Management Design
Most oil & gas companies won’t realize the direct impact of poor materials management and design. These poor designs can be very expensive and can lead to substantial loss of productivity. However these are areas that can be fixed through proper planning and by adopting the right tools, processes and procedures. Understanding the criticality from a materials management perspective plays a key role in defining the appropriate service levels for each types of materials stored in a warehouse. This can also avoid stock outs by ensuring the right service levels.