In June 2018, API released Q1, 9th Edition, Addendum 2. Addendum 2 focused on supply chain controls, specifically on multi-tier suppliers. It expanded the definitions to included associated (tier 2 & 3) level suppliers essential for product realization.
The long-awaited 10th edition update is currently being finalized, and is expected to be released in the coming months. The new edition will contain some significant changes and will require companies to review their current programs for conformity. Additionally, the new requirments will impact existing API Product specifications as well.
Accupoint Software’s InterLink platform provides users with an innovate, web-based tool to manage all aspects of the new API Q1 requirements. With over 54 integrated modules, our InterLink framework delivers a well-structured and formalized method to minimize risks, improve operational efficiency and meet customer requirements for product quality.
For more information, or to schedule a platform demonstration of our Interlink API Q1 software, please contact us today.
The sections under this certification aim at reducing nonconformity in the execution of a service. Accupoint provides a flexible API Spec Q2 QMS software that enables oilfield service suppliers to comply with the requirements of the certification.
Service companies with the API Spec Q2 QMS software can enjoy several empirical advantages. Like the Q1 certification, this software provides a structured approach to quality management in the service sector. Moreover, the system facilitates operational efficiency in the delivery of services, productivity, and reliability for the customers. Thus, the company can achieve customer satisfaction by meeting their requirements as directed by the API Spec Q2 standards. Many companies in the product sector in oil and gas industry are already familiar with the API Spec Q1 certification. A service company having the API Spec Q2 certification is likely to increase the confidence to its customers and consequently access new markets. New markets translate to increased market share and revenue.
For more information on how Accupoint Software can help you attain certification to the API Spec Q2 standard, please schedule a demo or contact us today.
During times like these, companies find themselves looking for ways to maintain productivity and revenue while limiting exposure to the markets and unnecessary costs. Operational excellence lies at the heart of these efforts.
If your organization is reeling from the market shifts and looking for ways to survive, then now is the perfect time to re-examine your operational expenditures, project management, and other critical processes.
It can be hard for companies to step back from the current situation and see the big picture, but gaining a high-level view of the company, markets, and industry is essential to long-term success. Doing this now will help you spot opportunities for cost reduction and reinvestment while the market is down, and it will position you for growth into the future.
Remember, the ability to look at your current situation through the lenses of operations, compliance, and quality management is a strategic strength. It provides a perspective that balances data, business goals, and risk management. Organizations that use this approach will discover ways to do more with less and re-establish growth.
Companies that commit to improving their operations and/or maintaining their already high standards will see their fortunes improve much faster than firms that ignore issues during the downturn. Firms practicing operational excellence, or working towards it, will be more agile and responsive to market changes during this cycle and future ones.
For more information on how Accupoint can help you improve your operational excellence, please contact us today.