Inventory optimisation

Offshore platform topside

We will help ensure you have the right systems and processes for effective inventory management.

Petrofac has a global team of maintenance, repair and overhaul (MRO) materials consultants that can help optimise, enhance and align your systems and processes, to manage your spare parts inventory.

We can reduce your inventory levels, streamline processes, improve off the shelf availability, increase your efficiency and productivity - and help drive down your operating costs.

From our extensive project experience, we have typically helped clients to achieve:

  • 10-30% cost savings from identifying and reducing inventory
  • 40-70% improvement in availability through an optimised repair and spare strategy

We’ve worked with some of the world’s biggest oil and gas companies, in brownfield and greenfield environments, to help them with;

  • Inventory reduction and optimisation
  • Management of critical spares
  • Identification and reduction of obsolete parts
  • Master data management/cataloguing
  • Integrating legacy stock into new systems
  • Minimising slow moving stock
  • Reducing spot purchased and free text orders
  • Helping engineers locate materials in the CMMS
  • Insurance spares rationalisation and sharing

We will work collaboratively to develop innovative and customised solutions that meet your specific challenges. Throughout all projects we strive to deliver results on budget, on time and to specification.

Our MRO materials consultants come from a diverse range of equipment backgrounds including electrical, bearings and power transmission, hydraulics, valves and subsea equipment. They are supported by our wider team with expertise in inventory planning, distribution, warehousing, purchasing and procurement. It is this wide-reaching capability that allows us to make considerable savings for our clients.

If you would like to find out more about the savings we can help realise for your organisation, please contact us.

Asset management brochure

Find out how we support our clients to manage and maximise value from their assets and systems