​The goal of any business management system standard is to reduce risk , improve operational outcomes and maximize profitability.  In manufacturing, process waste is one of the heaviest drains on profitability.  To that end, in todays’ blog post we will identify the eight types of waste in manufacturing to optimize the production process.  

Evaluate your operations to understand areas for improvement and waste reduction.  Remember that by reducing the amount of waste in your operation, you can significantly improve your competitiveness and bottom line. 
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For more information on how Accupoint Software can help you reduce waste in your manufacturing operations, please schedule a demo today. 

​Considering the recent drop in crude oil prices and how it affects business development and systems management globally, oil and gas industry experts propose that leaders view this as an opportunity to address talent and technology needs. In light of layoffs and stalled project advances, businesses are looking to do more with less

There are many advantages to using cloud-based technology, especially when your talent pool has been downsized:

• Increased operational knowledge retention
• Improved communications with customers and partners
• Improved process management to minimize operational issues
• Increased savings in cost and time 
• Faster returns on your investment due to operational  efficiencies

Due to changes within the industry and the demand to remain competitive within a global market, many businesses are adopting technological solutions to fill the void of talent and the mandate to do more with less. In fact, many businesses discover better business practices as they learn to operate according to a leaner, more efficient model.
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For a demonstration of how Accupoint Software can help improve your operational efficiency, we invite you to contact us today. 

In today’s world, the only constant is change. As the pace of technological innovation quickens, organizations must develop effective ways to adapt their core business models. This fact is especially true in the energy sector, where legacy infrastructure and strict regulations make it challenging to stay on the cutting edge of digitization.
 
After all, it’s hard to transform a well-established energy company into a Silicon Valley-style tech company overnight. While large corporations like Shell and BP are working tirelessly to make this transition, most firms don’t have the resources of an international conglomerate at their disposal.
 
Thankfully, there are a number of innovative solutions that can help any organization improve how they approach technology. One of the most promising trends for the energy sector is digital oilfield technology, which has the potential to revolutionize the industry. Let’s explore what a digital oilfield is and how it can benefit your company.
 
What Is A Digital Oilfield?
By definition, digital oilfield is a concept that enables organizations to maximize productivity, reduce cost, and minimize the risk associated with operations. When imagining a digital oilfield in action, it can be tempting to envision a high-tech operations center with hundreds of computer screens manned by dozens of experts. However, the inner workings of this new approach to oil and natural gas management are far more intricate.
 
How Does A Digital Oilfield Work?
In practice, a digital oilfield isn’t a physical location, but rather a collection of sophisticated hardware and software that helps to digitize the day-to-day operations. A typical technology stack includes sensors to monitor oil and natural gas extraction sites, servers to store incoming data streams, and software to analyze and interpret the information collected.
 
Through this technology, digital oilfields empower decision-makers with up-to-date business intelligence, which can pay dividends for any organization. In fact, there are several impressive benefits associated with implementing a digital oilfield, including improved compliance, increased productivity, and responsive maintenance for critical systems.
 
How Can Digitization Benefit Your Company?
In the world of business, there are numerous benefits associated with digitization. When it comes to oil and natural gas processes, key benefits include:

• Improved Compliance With Regulations: One key advantage of digital oilfield technology is the ability to have real-time information on critical operations. This can help to ensure an organization remains in continuous compliance with environmental and worker safety regulations.
• Increased Productivity: Real-time feedback on operations in the field helps to promote increased productivity. When the status of processes is known, its outcome can be optimized to maximize profits and minimize inefficiencies.

• Responsive Maintenance For Critical Systems: Digitization can help firms know the current state of their critical infrastructure. This can assist with both proactive and reactive maintenance, which in turn helps minimize downtime and maximize profits.

 
As we have seen, digital oilfield technology provides organizations with some great benefits. If your company is looking to adopt digitization technologies, please contact the Accupoint team to find out how to the first steps.

You have probably heard the term The Great Crew Change. It has been floating around the last few years as companies begin to recognize the generational change in the workforce. While this is a challenge (and opportunity) that every industry will face very soon, it will have a particularly profound impact on Oil and Gas. According to estimates the average age of employees in the petroleum industry is 60. The nearly 50% of workers over 55 will be retiring in the next 5-7 years. This is going to leave a huge gap in the knowledge and experience base of companies. With recent and ongoing downsizing due to lower oil prices, and the impending effects of The Great Crew Change, companies have to consider what it means for them and how they will prepare for the changes.

Several key steps should be taken to set your company up for success.

• Understand the value of retaining your experienced employees. The Baby Boomer generation will soon reach retirement age, and while some companies are looking to downsize, the knowledge that these employees have and the experience they have gained is worth making the extra effort to retain them. Companies have found that if these employees leave they may go to different industries and do not return once prices shift. It is important to note the added stress placed on the experienced employees during a workforce downturn. Some may even opt to retire early. Employers need to remain cognizant of stresses placed on the industry and employees while focusing on retention.
  

• Put systems and procedures in place that encourage the transfer or knowledge from experienced employees to the younger generation. For example, Millennials respond well to direct training with more knowledgeable employees. You may also consider including experienced employees in the writing of training material, have them assist with handbooks and even training seminars. It is important to get their broad range of experience from every department.
  

• Embrace the pull from younger workers toward using more technology. Millennials will play a crucial role in implementing new tech, which will not only entice educated employees, but also boost productivity. Expect to see the use of cutting edge technology like artificial intelligence, predictive analytics, Internet of Things, and machine learning. Tasks that would have taken days or weeks can be accomplished much quicker now with the use of technology. Remember that technology also plays a critical role in recruiting new employees. Nearly half of all Millennials are looking for their next job on LinkedIn and there are more than 5,000 oil and gas LinkedIn groups. Social Media is a powerful tool in helping you find educated and eager employees. Companies can be somewhat selective in hiring, and should keep in mind that Millennials may look for different qualities in an employer, like the ability to maintain a work-life balance.
  

While The Great Crew Change does mean new challenges, it also presents opportunity. Companies need to find a balance between experience and embracing the inevitable changes. Investments must be made in both employee retention, and utilizing new technology. Companies need to focus on efficiency, accuracy and spending in areas that may not have been the main focus 10 years ago. Those companies that are able to operate at optimal performance will be in the best position for success no matter which direction the market turns. For more information on how Accupoint can help you navigate The Great Crew Change and optimizing business practices, contact us today.