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Assets & Inventory in Drakewell
Assets & Inventory in Drakewell

Eliminate time spent digging through paperwork, filing cabinets, and spreadsheets by tracking all of your assets in one place. Track the shipping, receiving, maintenance, and hours on an asset from one place accessible from any device. Always know exactly where each asset is and its condition. Allow funds normally allocated to the replacement of missing or lost assets or for the rental of supplemental equipment to go back to your bottom line where they belong!

Asset History

Imagine a customer asking for the history of an asset and being able to send them a report within minutes of the asset's complete history. Any time a tool is run in hole, its circulating hours can easily be tracked along with any downhole conditions and surface parameters the asset is exposed to/encounters or any operating parameters it endures (excessive weight on bit, for example). Drakewell has endless tracking possibilities that help you know and retrieve an accurate asset life-cycle history. You will know how much revenue an asset has generated over its lifetime because Drakewell compiles all tool usage and charges associated with each asset by customer, job, and more.

Inventory Management

Always knowing what is where and how many you have should be simple, right? With Drakewell it is. Drakewell keeps a live inventory count at all times, because it is following each asset (including sub-assemblies, serialized, and non-serialized parts) throughout each workflow in your operation. Shop hands, coordinators, inspectors, and quality control can all go back to doing their jobs - let Drakewell “follow” them through their everyday routines and inventory will be managed accordingly.

Operational Processes & Workflows

Drakewell’s robust but easy-to-use shipping and location tracking system makes it easy for your warehouse and logistics personnel to move the right assets, without mistakes, wherever they need to go. From customers, to job sites, to repair vendors, and between warehouses, you will always know the location and status of your assets. This capability puts the power in your hands to make data driven decisions about the ideal asset allocation across districts.

Business Performance

Decisions made in the field and at the shop are only as good as the data used to make them. This data combined with powerful visualizations and reporting ensures that asset utilization is as high as possible and failure rates are minimized. Failure reports build themselves, allowing you to address and respond to any potential issues at the earliest possible moment.

Having all of this data in one place makes it easy to know how well your tools are performing. The operating parameters or conditions attributed to a particular asset will also be automatically attributed on all of its component or subassemblies. This gives a more accurate reading of the overall health of your inventory.

Learn more about the capabilities of Drakewell by setting up a demo here.

Alison
Alison Grogan

VP of Business Development

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