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California Resources Corporation Optimizes Resource and Asset Management with ProcessMaker
Technology Category
- Application Infrastructure & Middleware - API Integration & Management
- Functional Applications - Inventory Management Systems
Applicable Industries
- Oil & Gas
Applicable Functions
- Procurement
- Warehouse & Inventory Management
Use Cases
- Inventory Management
- Supply Chain Visibility
Services
- Software Design & Engineering Services
- System Integration
The Challenge
California Resources Corporation (CRC), the largest oil and natural gas producer in California, was facing a significant challenge in managing its vast inventory. The company had a 60,000 square foot inventory using a network of vendor suppliers with different descriptions and item numbers. This made it difficult to automate the part inventory systems and consolidate them into a single search. CRC only had their parts inventory cataloged by description, a field with lots of variability. Procurement was difficult, with CRC vendors rapidly searching inventory to locate needed parts. Off-catalog requests were too high and parts procurements was 20% over budget.
About The Customer
California Resources Corporation (CRC) is a publicly traded oil and gas exploration and production company — the largest oil and natural gas producer in California on a gross-operated basis. CRC operates a world-class resource base exclusively within the state of California, applying complementary and integrated infrastructure to gather, process, and market production. Using advanced technology, CRC’s 4,000+ employees and contractors focus on safely and responsibly supplying affordable energy for California by Californians.
The Solution
CRC relied on a dozen legacy procurement systems before ProcessMaker. With ProcessMaker, an automated, Google-like search of disparate inventory sources was created. CRC was then able to introduce a “Search Before You Buy” process that made procurement efficient. Wells are now repaired more quickly, positively impacting oil production. By bringing together inventory data from disparate sources, standardizing and improving indexing criteria and making it available for downstream decision making, CRC is transforming their business and becoming much better steward of financial resources. Access to the right data in an easy to find, structured process would reduce variability and costs from procurement, contracting, vendor management and inventory management processes.
Operational Impact
Quantitative Benefit
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