REAL-TIME PROJECT INSIGHT FOROil Field Equipment Manufacturing
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
THE REAL-TIME ECONOMY
The Real-Time Economy is the new consumer mindset with expectations of instant access to products, services, and information, stemming from business processes and value chains becoming entirely digitized and connected. The Real-Time Economy is all around us. We see it in every facet of our lives, from the automated and immediate availability of products and services to instant updates on just about anything across all our devices.
This shift into the Real-Time Economy is not new. It has been occurring undeniably for some time. What is new is that this trend is now pervading project-based businesses.As project-based businesses, Oilfield equipment manufacturers work in a deadline-driven industry – one in which there is rapid growth, incredible competition, unpredictable changes in business cycles not to mention remote work sites and lengthy invoicing cycles.
Decision-makers at oilfield equipment manufacturing companies understand that it is a challenging time to be in this asset-intensive sector. Customers are more demanding than they ever have been. And they’re asking their providers to take on more risk, offer lower prices than their competitors and deliver top-notch quality.
As a project-based business, the Real-Time Economy is
What is the Real-Time Economy and
what does it mean for project-based companies?
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DOING BUSINESS IN REAL TIME
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
What does it mean to operate in real time?
It is about monitoring your entire project portfolio continuously with the ability to react immediately when situations change. Project insight, such as estimate at completion, variance, margins and risk profiles should be aggregated and accessed with the tap of a button. Armed with such real-time insight, you are better equipped to meet the demands of the Real-Time Economy by responding faster and exercising more control over risk, profitability, and cash flow.
OIL FIELD MANUFACTURING CHALLENGES
To help manage the complexity and volume of data, oilfield equipment contractors typically implement disparate project management tools but their business operations run less efficiently than ever. Advanced technology is key to helping oilfield equipment manufacturers deliver projects more efficiently.
Unfortunately, most ERP packages are too limited or segmented in their functionality to allow true project lifecycle management to oilfield equipment contractors.
THE RIGHT SOLUTIONThe solution is to integrate all these functions into one Project ERP system that will enable project-driven firms like oilfield equipment contractors to create business rules to enforce their critical processes. Project ERP not only helps oilfield equipment manufacturers streamline their workflows, it enables them to keep their clients up to date on their projects as well.
Project ERP provides oilfield equipment manufacturers with the most advanced and proven solution for enterprise information management, as well as equipment design,
When problems arise, Project ERP helps oilfield equipment contractors rapidly respond to customer requests. Project ERP helps oilfield equipment manufacturers better manage and execute their projects.
The premise of Project ERP is that accurate and timely information must flow seamlessly between the various business functions. That way decision-makers will not only have visibility into what’s going on inside the enterprise, they’ll also have greater control over all parts of the business.
To meet the demands of the Real-Time Economy we deconstructed the common processes for project management and enterprise resource planning and unified them into ADEACA ONE – delivering a platform for how project-driven companies should operate. Our unerring passion for the last ten years has been analyzing, optimizing and reengineering the processes
>Addresses your entire project-based business, not just a part of it. With ADEACA ONE, the functions of ERP and operational project management are different aspects of the same system, working together in concert.
Only this comprehensive structure will enable you to meet the demands of the Real-Time Economy.
ADEACA’s Project ERP solution helps manage day-to-day project operations, so Oilfield Equipment Manufacturers can meet their project goals and deadlines.
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Request a consultation or demonstration with our experts to learn how ADEACA can bring your Oilfield Equipment Manufacturing business into the Real-Time Economy.