Rapidly Changing Business Portfolio
The Oil & Gas industry is full of ups and downs. As we know, after the downturn of events in 2014 to 2017, majority of the upstream companies have reduced costs, upskilled their portfolios, improved their assets and faced a high time adapting to the industry standards for supply chain in oil and gas with ERP Software.
Lack of Transparency
Transparency consists of different facets. But the best way to describe it would be how it involves ready access to comprehensive, reliable, understandable, timely and international comparison of information. The information must pass considerably to different stakeholders, thus emulating engagement. This becomes a challenge in the Oil & Gas industry.
Managing old Plants and Equipment
Asset Management would get high on your tie if you are manually maintaining the old plants and equipment. You need a disruptive technology to develop the most robust solutions. The Oil and Gas ERP systems would be your helping hand in this case.
Slow Reaction on Customer’s needs
With intensified competition, every industry must focus on providing streamlined solutions, to avoid fallout with their customer. With the ever growing changes and demands in the O&G industry, every business must ensure that they are on the right track in solving customer’s requirements with Oil and Gas ERP systems.
Product Variability
With inconsistent quality, you need to keep track of the plant, product and shift. It might prove to be a tough job if maintained solely in an excel sheet instead of SAP S/4HANA Cloud for upstream oil and gas and sap oil and gas downstream.
Increased Risk
Market Volatility can lead on to high off grade that are produced along with wide quality swings. Managing it is extremely vital for supply chain in oil and gas.
Lack of business predictability
Getting real-time business forecast is crucial for business performance to plan, and recommend new plans to affect results. We can use Oil & Gas software to accomplish that.
Varying process conditions
Higher energy use can lead on to variations in the process conditions. Making note of it is of top priority with sap cloud for analytics.
Hidden capacity
We need to focus on the capacity which might lead on to inefficient grade transitions & conservative operation with sap cloud for analytics.
Poor Documentation of Complex Business
Most of the Oil & Gas businesses still focus on traditional methods to handle complex business processes without compact solutions like SAP plant maintenance oil and gas.
