Oil and gas operations are capital intensive and involve a complex array of assets distributed across drilling sites, warehouses, storage yards, and offices. Gone are the days where companies can rely on multiple spreadsheets and fragmented asset inventory management systems. To stay competitive and efficient, you need to know where your parts and equipment are at all times, with a single, state of the art Asset Lifecycle Management (ALM) tracking platform – CATS.
This is where Oil and Gas can learn from best practices in the Communications Industry – namely Fulcrum Technologies’ ALM solution CATS, the secret weapon top brand names have relied on for 2 decades. CATS collects, tracks and accumulates asset data from a wide range of sources and reconciles the data to give management a centralized view for continuity of operations, and decision making.
This data can also be integrated with external systems to keep them up-to-date with real time transactional data. These external systems may include ERP, OSS, WMS, 3PL, and any other major Backoffice systems as well as providing the validated data needed to drive the Business Intelligence and Reporting systems.
Fulcrum started with the cellular boom in the late 90s, tracking dispersed assets while providing compliance and SOX validation. We also helped with facility maintenance, duplication for emergencies, digital twin management, and any other what-if scenarios that emerged. We even gave big name brands asset visibility during hurricanes and disasters, where they used Fulcrum CATS to deploy emergency equipment.