The Challenge
JWF currently fulfills seven contracts for the supply of pressure gauges to clients’ operations in the North Sea. JWF have held a number of these contracts for over 20 years. With hundreds of different gauge types, diversity of suppliers and varying specifications mean supply chain management can be difficult and expensive. In isolation, sourcing pressure gauges involves numerous one-off costs including procurement, documentation, engineering review time, invoicing and administration. Without standardisation, the project costs for an end-user in the North Sea must include costs resulting from all of these processes from scratch, in a bespoke quotation for each acquisition. JWF pride ourselves in challenging our customers to improve efficiency..
Our Approach
JWF have supplied pressure gauges to over 150 North Sea Platforms . As a result of our experience, we have developed a JWF North Sea Gauge Specification allowing us to both standardise and rationalise contract items. Initially, our specification was agreed at TA engineer level with an end-user client and then replicated for other customers. We now offer enormous savings on these administrative and engineering costs for all of our gauge contracts. This has already passed on significant savings to our clients.
Additionally, our bonded stock enabled quick ship deliveries on the top 25 items from our new specification. Our North Sea Gauge Specification is ATEX certified with Full Safety Pattern Design.
The Outcome
We’ve rolled out the specification in both upstream and downstream contracts with dramatic benefits to clients. Our clients have seen reductions in procurement costs, prices, stock inventories, documentation, engineering and administrative costs. In one upstream contract, we were able to rationalise 430 individual products down to just 84 using the specification. Applied across the North Sea, our standardised gauge specification has huge cost-saving potential.
For more information and to speak to one of the team call or click below.