5 Supply Chain Software Solutions to Drive Efficiency for the Oil & Gas Industry

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Technology for the supply chain is now more accessible, efficient and user-friendly than ever before. However, many in the supply chain are reluctant to adopt the solutions they need in order to grow successfully. Instead, many rely on traditional methods such as spreadsheet tracking to maintain inventory, manual processes to send invoices, and paper storage of important documents and information. As a business grows to multiple sales channels and as customers demand more efficiency with greater speed, manual systems simply aren’t enough to maintain growth in such a competitive marketplace. To be successful, vendors within the supply chain must evolve to implement technologies that drive efficiency, boost productivity and ultimately, cut costs.

We’ve compiled a list of five of the top software solutions for oil and gas suppliers that have proven to be drivers for efficiency within the supply chain.

Fishbowl Inventory
Fishbowl Inventory is designed for small to mid-sized companies looking for a complete inventory management system. This solution is for vendors with or without an enterprise-level ERP system. Fishbowl Inventory is easy to implement and affordable, yet flexible enough to meet the needs of companies that require more streamline inventory control, material requirements planning (MRP), and job shop floor control / manufacturing execution. It takes an inventory-centric approach, providing features for barcoding, asset management, raw materials management, cycle counting, and customized reporting. The system also automates the quoting, ordering, and purchasing processes.

Frieghtview
Freightview is a standalone transportation management system designed for small to medium-sized businesses that ship less-than-truckload (LTL) freight and work with multiple carriers or brokers. Its customers include manufacturers and distributors who ship or receive as few as three to more than 100 shipments a week. Freightview gathers all of its users’ negotiated LTL rates into one place, allowing them to compare options quickly and conveniently.  Users can schedule pickups, prepare bills of lading, print shipping labels and track shipments. Freightview’s visualization capabilities allow users to convert their shipping data into charts, graphs, reports, and spreadsheet downloads. It also features a unified address book, which prevents users from having to enter addresses twice into the system.

Snapfulfil
Snapfulfil is a full-featured cloud-based SaaS Warehouse Managment System designed to meet the needs of a variety of businesses in a multitude of industries. Snapfulfil works to improve the efficiency of picking and dispatching, while reducing the time it takes to fulfill orders. The overall accuracy of warehouse orders is increased, providing a better customer experience to clients and increasing customer satisfaction.

The system contains multiple features essential to Warehouse Management, including an adaptable workflow engine to allow for process improvement and simple customization without the need for expensive system modifications. The rules engine can be customized to fit each client’s individual needs. Snapfulfil brings control to a warehouse environment, and provides businesses with absolute visibility into the distribution process. The 3PL billing module can create charge types for each client and automate the billing process while reducing monthly office work and administrative tasks. This feature, in particular, is a great fit for large warehouses serving several clients at once. RF/Barcode scanning equipment helps track items within the warehouse, resulting in maximum efficiency and organization.


U Route
U Route is a powerful, user-friendly Transportation Management System that was designed to tighten the link between shippers and their core carriers. Offering a host of features in a scalable web-based environment, U Route is a great option for companies that have outgrown spreadsheets but are seeking something that’s extremely straightforward and easy to adopt. For suppliers, it is not uncommon to rely on a broad network of freight brokers in order to effectively source and connect with qualified carriers. By utilizing a platform such as U Route, suppliers can make decisive, accurate assessments about their logistics in minutes while also reducing their transportation spend. U Route offers a full suite of tools that include direct e-carrier management, user-friendly procurement, RFQ development and bid capabilities, load tendering, robust analytics, and more.

Spendworks
Spendworks is an accounts payable workflow solution that was built exclusively for producers within the oil and gas industry. Many in the sector still rely on the manual sending and receiving of invoices which continually results in time consuming errors and delays. Spendworks streamlines the process by means of a cloud-based document exchange. This digital exchange safely stores data and information as it accumulates for both the supplier and producer. Those who take advantage of this solution benefit from increased productivity and impressive reporting and analytics features. Suppliers can join the Oildex supplier network at no cost and can begin submitting their invoices to any producers within the Spendworks network at their convenience. Complimentary onboarding assistance is available by contacting Oildex.