ProcessMaker Case Studies California Resources Corporation Optimizes Resource and Asset Management with ProcessMaker

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	California Resources Corporation Optimizes Resource and Asset Management with ProcessMaker ProcessMaker

California Resources Corporation Optimizes Resource and Asset Management with ProcessMaker

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
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

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

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 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.

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.

Impact #1	The “Search Before You Buy” procurement protocol immediately reduced calls and emails between departments, requesters, the warehouse, and external vendors.
Impact #2	Parts were found faster and more accurately within the existing inventory as a result, greatly reducing the number of off-catalog purchases.
Impact #3	Each off-catalog purchase had upcharged 20% or more.

Impact #1

The “Search Before You Buy” procurement protocol immediately reduced calls and emails between departments, requesters, the warehouse, and external vendors.

Impact #2

Parts were found faster and more accurately within the existing inventory as a result, greatly reducing the number of off-catalog purchases.

Impact #3

Each off-catalog purchase had upcharged 20% or more.

Benefit #1	$1 million USD in reduced warehouse costs
Benefit #2	Reduced off-catalogue purchase costs by 20%

Benefit #1

$1 million USD in reduced warehouse costs

Benefit #2

Reduced off-catalogue purchase costs by 20%

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Overview

California Resources Corporation Optimizes Resource and Asset Management with ProcessMaker

Operational Impact

Quantitative Benefit