Challenge
A leading offshore drilling contractor managing high-specification rigs faced significant inventory visibility challenges across six rigs. With no centralized warehouse and excess inventory scattered across locations, they needed a solution to consolidate, optimize, and enhance visibility.
Solution
ALLSERV conducted a comprehensive inventory analysis, usage study, and physical inventory count to establish optimized stocking levels. Our experts identified variances, eliminated redundancies, and streamlined warehouse organization across multiple sites. Once the strategy was finalized, we relocated $6.4 million in excess inventory to a newly established centralized warehouse.
Results
- $6.4M in consolidated inventory, improving overall stock accuracy
- $7.4M in identified inventory variances, leading to better financial control
- 54% reduction in redundant or unsecured warehouse locations, increasing efficiency and security