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No one likes waste, but the question is, what the best way to get rid of it? The answer is Lean, whose fundamental objective is to create maximum value through the elimination of waste. In essence, finding processes to get things done with less effort, less time, and fewer resources. Originally conceived in post-war Japan… read more →
By James Greey In a previous article, we discussed ways for Midstream Companies to increase margins by focusing on reducing operating expenses related to inefficient maintenance programs. This article discusses another key contributor to margin erosion, ineffective Supply Chain Management. For midstream oil and gas companies, Supply Chain Management can be broken down into two… read more →
Midstream companies are a key link in the oil and gas sector and provide the transportation network that brings hydrocarbons from producers to refiners and ultimately to consumers. Despite having this important role, midstream companies are not without challenges and they often suffer from inefficiencies that impact the bottom line. Most of the inefficiencies… read more →
With the arrival of fall comes the season of business planning and budgeting for many organizations. Not surprisingly, cost management is often the focus of these exercises. What should not be overlooked, however, is time management. Saving time through productivity improvement has numerous financial and non-financial benefits. In addition to having a financial cost, time… read more →
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