Top 3 Challenges in the Oil & Gas Industry and How ServiceNow Can Solve Them
REDE Consulting
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Feb 16, 2025
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article

1. Operational Efficiency & Asset Management
Problem:
- Aging infrastructure leading to unplanned downtime
- Inefficient asset tracking and maintenance scheduling
- Lack of real-time visibility into asset performance
Solution with ServiceNow:
- ServiceNow Asset Management for real-time tracking of equipment health
- Predictive Maintenance Workflows powered by AI & IoT integrations
- Field Service Management (FSM) for optimized technician dispatch
Use Case:
A global oil refinery leveraged ServiceNow ITOM and FSM to automate asset health monitoring, reducing unplanned downtime by 30%.
How REDE Consulting Can Assist:
- Implement ServiceNow ITOM & FSM for proactive maintenance
- Build AI-driven predictive analytics dashboards
- Integrate ServiceNow with IoT sensors for real-time tracking
2. Health, Safety, and Environmental (HSE) Compliance
Problem:
- Compliance with stringent safety regulations (OSHA, EPA, etc.)
- Lack of centralized incident reporting and investigation
- Delayed safety audits leading to increased risks
Solution with ServiceNow:
- ServiceNow IRM & GRC for regulatory compliance tracking
- Automated Incident Reporting & Investigation Workflows
- Real-time Risk Assessments & Audit Trail Management
Use Case:
A leading oil & gas company used ServiceNow IRM to automate safety audits, reducing compliance-related incidents by 40%.
How REDE Consulting Can Assist:
- Deploy IRM/GRC modules for automated compliance tracking
- Customize safety incident workflows with AI-driven insights
- Provide industry-specific HSE risk management solutions
3. Supply Chain & Vendor Management
Problem:
- Disruptions in supply chain operations
- Inefficiencies in vendor onboarding and contract management
- High procurement costs due to lack of real-time analytics
Solution with S*erviceNow:*
- ServiceNow Supplier Lifecycle Management (SLM) for efficient vendor onboarding
- AI-powered Supply Chain Visibility to detect disruptions early
- Automated Procurement Workflows to reduce manual dependencies
Use Case:
An oil pipeline operator integrated ServiceNow SLM & Procurement Service Management, reducing vendor onboarding time by 50%.
How REDE Consulting Can Assist:
- Implement AI-driven supply chain automation solutions
- Integrate ServiceNow with ERP & procurement platforms
- Develop dashboards for real-time supply chain monitoring
Get in Touch with REDE Consulting
Need expert guidance on leveraging ServiceNow for Oil & Gas transformation? REDE Consulting can help.
Contact us today to discuss your business challenges!
Email: info@rede-consulting.com
Website: www.rede-consulting.com
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