Ability to effectively manage parts and consumables can easily turn into a competitive advantage for any Oilfield Rentals and Services company when they decide to invest into an inventory management software that works. Real-time monitoring of the incoming and outgoing inventory allows to plan and do oilfield job dispatch right, avoid lost time spent to maintain the inventory data up-to-date manually, and improve cashflow by eliminated unnecessary purchases of parts and consumables that may not be ordered at all.
There are two types of inventory items that can be tracked in RigER: Goods and Materials. They accommodate various types that a rental business might have, like goods, materials, consumables, supplies, parts, etc. After setting up each part of the inventory in the system, you will be able to have full control over your inventory items, i.e. you can consume, move, sell, track inventory, generate reports and get notified if any of them are low in stock in your inventory program.