Portsmouth, NH November 30, 2019 – Enventure has been awarded a contract to Optimize Supply Chain and Enhance MRO data for a multi-million Energy producer in the Middle East. The major objectives of this engagement are – Inventory optimization, Procurement Cost Reduction, and Improve Equipment Maintenance effectiveness.
The client is a large power producer in the Middle East, owning 950MW Power Plant and generates over 25% of the peak electricity consumption in their country of operation.
The major challenges for the client were:
The client will use Enventure’s MRO Data Excellence services to take control of MRO inventory data. The scope of work includes end-to-end data management activities such as Data Audit, Taxonomy Design, Data cleansing and Enrichment through Plant Walk down and tech enabled Supplier Engagement.
The initial task is to analyze the entire supply chain data consisting of over 30000 materials. The entire data is uploaded into an AI based proprietary tool to identify inconsistencies and incorrect information. Enventure will also perform a plant walk down to gather data from all equipment in the plant. Further, the dedicated supplier engagement team will connect with suppliers worldwide to gather all material data.
Each material data is accurately classified as per UNSPSC, enriched with mandatory attributes and standardized descriptions. Furthermore, the data is integrated back into the SAP system, which will flow into other EAM systems to monitor asset performance.
The benefits for the client from this engagement include high spares availability, reduced inventory cost, as well as an enhanced equipment availability with accurate material data. The client can take informed decisions with the help of real-time inventory visibility and implement a robust maintenance program to enhance OEE of the plant.
C K Bharathan, Head – Master Data Management Services, Enventure said, “It is important for such a large organization to Harmonize, Optimize and Automate data management to achieve economies of scale and cost effectiveness. We are committed to ensure that the client get the right support in reducing procurement costs, managing inventory levels, mitigating supply chain risks, and improving spend analytics – collectively leading to enhanced profitability.
Enventure Engineering (enventure.com) is a privately-held, ISO 9001:2015 & ISO 27001:2013 certified Engineering and Supply Chain Solutions Company, with full-fledged delivery centers in India. Enventure has been serving clients in North America and Europe since 1997 and is today a preferred supplier of engineering and master data management services to Fortune 500 companies, across different industry verticals such as Hi-tech Electronics, Oil and Gas, Water Treatment, Automotive and Industrial Manufacturing. Enventure provides a wide variety of services to Clients, in areas such as Plant Design Engineering, Building Engineering, Master Data Management, MRO Data Services, Component Engineering, Environmental Compliance Support and Product Design.