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Value Chain Management for Oil and Gas Companies

business oil chimneys

Supply Chain in the Oil and Gas Industry

Oil and gas remain the chief form of energy used today in the United States, providing over 60% of the power consumed by American citizens. Optimal energy supply chain management in the oil and gas sector helps fuel the growing infrastructure and serves an essential role in powering society and the economy. These oil and gas sites can include pipeline construction, welding jobs, and more, all in addition to standard drilling and digging operations.

These companies will often lease vehicles for the length of a project, track high-value tools, and track utilization of both employees and equipment. These operations generally take place in remote areas where cellular coverage or WiFi connectivity are not always guaranteed. Managing numerous jobsites across many miles can be a pain, while missing vehicles, tools, and workers make it nearly impossible to operate an efficient jobsite. These problems delay the project and create excess spending on new equipment.

Energy asset and supply chain management software brings solutions to these problems and many more. With an innovative combination of accessibility, usability, and the latest in IoT technologies, Apptricity provides powerful solutions in asset, inventory, and work order management. Combining the three together creates optimal supply chain management in oil, gas, and power generation jobs.

Track Anything, Anywhere with Value Chain Visibility

Apptricity Energy Asset Management paired with IoT sensor tagging technology gives visibility into the location of anything with a tag within your oil and gas, electricity or renewable energy value chain. Apptricity integrates with any sensor technology, allowing flexibility into choosing tags that match the value of the item or your budget.

Deploying these tracking sensors across a job site gives complete visibility into the location of important equipment. Apptricity’s Mobile Asset Tracking app allows for RFID and BLE scans to locate tagged items. In areas with low network connectivity, these calls are queued on the asset app and sent when network connection is established.

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  1. Barcode: Cheap and easy to affix, barcode tracking relies on direct line of sight for use, susceptible to harsh conditions
  2. Passive RFID: About the same size as a sticker, passive RFID tracking tags are powered by an RFID read to send any information collected by the sensors
  3. Active RFID: These RFID sensors are either battery-powered or battery assisted, allowing them to act as beacons that send out information on a user-defined time frequency
  4. LTE: Like active RFID, these tags communicate their information over the cellular network
  5. Bluetooth Low Energy (BLE): Another member of the active RFID category, these beacon tags utilize BLE to communicate with a reader
  6. Satellite: These tags communicate with GPS to always ensure connectivity
Internal area of storehouse facility

Storehouse Visibility

Storehouses on site generally contain a mix of inventory and tools that need to return. Apptricity’s I-Connect Controller reads any tagged items through attached antennas, all scans are collected and sent to the web via WiFi or LTE connectivity. Additionally, the I-Connect Controller runs full scans on everything within the storehouse on user-defined time intervals. By automating inventory tracking, users experience a 40% reduction in the time it takes to run a full cycle count.

Track Your Vehicle, and What’s Inside with Asset Based Telematics

Apptricity’s I-Connect Controller can also be configured to vehicles to provide enhanced visibility into different metrics such as vehicle usage, on-board inventory, and vehicle location. This visibility gives insight into any vehicle; whether it is leased, employee-owned, or company owned. The I-Connect controller hooks into the vehicle battery to power the unit.

man touching telematics holographic keypad

Connected Vehicle Usage

Hooking the I-Connect controller into the ODB port of a vehicle allows the controller to collect vehicle usage statistics such as engine RPM, mileage, vehicle speed, warranty, routine maintenance scheduling and other assorted vehicle diagnostics. This information is collected and sent to Apptricity Asset Management, automatically updating usage records for the asset and generating maintenance tasks when usage thresholds are met.

On-Board Inventory

The same I-Connect controller usable in a warehouse can be equipped on vehicles to track tagged items inside the vehicle. Loadout profiles are established for vehicles that can separate between consumables and tools that need to return, and drivers are notified when they are running low on consumable inventory or if they forgot to put a tool back into the vehicle.  Parent-child relationships can also be established for items that typically belong to a specific vehicle.

vehicle loading inventory onto truck shipment

Real-time Location Services (RTLS)

Integrating a GPS unit into the I-Connect Controller provides real-time location services for that vehicle. On the web, users can see the vehicle moving in real-time across the map. Establishing geofences around jobsites provides an alert when a vehicle leaves the site without authorization. Rules within the system govern which assets need to remain on the site, and which ones are free to enter and exit as needed.

Apptricity’s Asset and Inventory Management reduces shrinkage, automates lifecycle management of important assets, and provides real-time visibility into anything on the job site.

Related Resources

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Asset-Based Telematics

Automate and manage complex supply chain operations across all service vehicles.

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Learn how Radio Frequency Identification (RFID) technology can impact the bottom line by tracking people and assets.

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Why Apptricity

CIOReview names Apptricity one of its ‘20 Most Promising Supply Chain Tech Solution Providers’ for 2017.

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