RFID For Oil And Gas Industry

RFID Enterprise asset management (REAM) Is a system that produces process improvement from generation to the field. It is inventory, financials, warehousing, wires and pipes, and people. If we look at what exactly constitutes an asset, Increasingly, utilities are determining that virtually everything organizations possess is an asset — from the information stored in automated systems, recorded on paper, or even communicated by word of mouth.

Let us look at physical asset management, The offshore platforms and onshore operations utilzes various assets like jigs, rigs, pipes, motors, generators, valves, calibration equipment, regulators and gauges. These move to vendors and agencies who work with SLAs ( service level agreements) to keep the establishment and operations running.