Case Study

Improving Bill of Materials management for an oil and gas company decreases time to markets and saves cost

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A global oil and gas company providing industry-leading drilling and production applications.

Business challenges

  • Non-standardized engineering and sourcing processes led to incorrect parts procurement, inventory pile up, and high maintenance cycle time
  • High number of field assets (250+ globally) without an engineering Bill of Materials (BOM)
  • Historical technical data of most assets distributed in multiple, disparate IT systems

Genpact solution

  • Created detailed process maps through cross-functional workshops with operations, engineering, and supply chain
  • Updated BOMs by comparing data derived from multiple IT systems
  • Provided predictive reporting for accurate contractual spares availability
  • Created repair schedule-based spare parts requirement forecasting

Business impact delivered

  • Reduced time to market by two months
  • 3% cost savings through better spare parts availability
  • Clean BOM for all assets

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