Unlocking $36M+ savings through inventory optimisation
For a global energy company operating in some of the world’s toughest environments, materials management had become a bottleneck. Fragmented processes, inconsistent use of Enterprise Resource Planning (ERP) systems, siloed teams, and unnecessary waste created inefficiencies, safety risks, and escalating costs.
They needed a solution to plug value leaks, standardise processes across offshore and onshore operations, and set a benchmark for efficiency, safety, and critical asset movement.
Client
Major oil and gas operator
Type
Materials Management, Warehousing
Location
Global
Duration
Ongoing
At a glance
- Global energy company needed a solution to plug value leaks, standardise processes and set benchmarks for efficiency and safety
- ASCO’s fully managed service streamlined warehousing and logistics, tightened vendor management, and provided material lifecycle management
- The solution unlocked £20 million in annual savings and become one of the highest performing components of the company’s supply chain
Approach
Handling critical assets demands precision. We combined high-level strategy with boots-on-the-ground delivery, starting with a comprehensive assessment of materials procurement and delivery. This revealed too many vendors, overflowing storage, and materials not properly preserved, creating safety risks and needless waste.
Our fully managed service streamlined warehousing and logistics, tightened vendor management, and provided material lifecycle management. Preservation and maintenance schedules were aligned with Original Equipment Manufacturers to ensure critical assets were available when needed and safely stored. We also embedded advanced ERP systems (SAP, Maximo, and Oniqua) to give teams better visibility and control.
Impact
Our solution unlocked over £20 million in annual savings and became one of the highest-performing components of their supply chain.
Fragmented processes are now fluid, standardised, and highly productive systems. Teams are stronger, faster and smarter, fully trained to make the most of their upgraded ERP systems.
What’s more, single-use plastics have been reduced, and safety performance has skyrocketed, driven by new packaging and material preservation standards.
- $36M+ saved through inventory optimisation
- £10M avoided through better asset and vendor management
- £5M saved by removing redundant vendors
- £14M saved by resolving temporary storage
- £7M storage costs cut from obsolete materials