In today’s market there is a push, driven by Wall Street and private capital, to improve margins versus simply increase production – this is somewhat new to the Oil and Gas Industry. In the past the way to increase revenue has always been drill more wells and move more oil. With oil prices where they are, this no longer works. For what seems like the first time, many companies are searching for ways to save money and operate within cash flow.
“The way we’ve always done it” doesn’t cut it with a new leaner business model.
This charge to “SAVE” has opened-up the supply chain as the most obvious, and lowest hanging fruit to reduce expenses. Upstream and midstream companies are consolidating suppliers, suppliers are consolidating trucking companies, trucking companies are putting more stress on the shoulders of their drivers – all in hopes of seeing better prices and more efficient deliveries. Large companies are spending more and more on procurement teams versed in seeking out low prices and reliable deliveries. More companies are working to self-solve supply chain issues with in-house technology solutions. Unfortunately, all this stress is only further fragmenting the issue and eating more time and resources.
Agendas to improve efficiencies and reduce costs have introduced a host of issues including chronic check-in calls, which waste more time and resources; an abundance of single-serve technology solutions; and reduced vendor choices which actually limit procurement’s ability to find the best prices. To the chagrin of those in charge of consolidating vendors, in many cases when one vendor or trucking company is removed from a list – they only pop back in through a distributor, contractor or broker. So, the vicious cycle is perpetuated, and even more dollars are wasted.
"Everyone is scrambling to fix this situation, but no one is really looking outside of the box of 'what we’ve always done.' As they say, do what you’ve always done and get what you’ve always gotten."
Ryan Hunt, Founder and CEO of Rig CallOut
Rig CallOut is here to galvanize the supply chain and bring everyone together to reduce erroneous expenses in a way that has never-before been possible.
Rig CallOut connects the entire supply chain: suppliers, upstream and midstream companies, trucking companies, drivers and even brokered fleets. Everyone communicates in one place and can view exact details of shipments in real-time. The application provides total supply chain transparency through advanced geo-location technology and an incredibly simple to operate, cloud-based communication platform. Product load info, location details, timelines and more, are reported and viewed through a dashboard at the click of a button. Every user receives automated updates with ETAs directly from the trucks. Consequently, the second a shipment slows everyone knows, which provides companies the agility to adjust and redeploy resources; resulting in more reliable and profitable operations with less check-in calls.