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International oil and gas venture management software used by hundreds of companies in more than 65 countries
 

 

Operations Management


Streamline International Operations


Operations Management (OM) tackles the challenges of cross-border materials management in a multi-location, multi-warehouse, multi-currency, multi-project environments or simply manage project equipment and materials with IDEAS OM.


IDEAS OM provides tracking and control equipment, materials, capital projects and assets. OM modules include:


  • Materials Management
  • Asset Tracking

Record the Business


  • Record quantity and item value adjustments
  • Value by specific cost, average cost or standard costing methods
  • Assign unlimited additional costs (freight, duty, tax) to inventory value
  • Issue by bill of material
  • Define, create and value assemblies and disassemblies
  • Account for sales, gain/loss on sales, item revaluations, price adjustments, condition code changes and disassemblies
  • Define separate depreciation, depreciation method, asset life, cost basis by register
  • Define depreciation formulas, rules and logic to meet any depreciation requirement
  • Record cost transactions in any currency with automatic conversion to the register currency
  • Account for depreciation conveniently with formula-based depreciation allocations
  • Automatically apply prorate conventions
  • Define and manage the parts you track in warehouse inventory and on the property
  • Integrate material transfer workflow with parts inventories, DD&A and JIB

Manage the Business


  • Monitor the physical movement of inventory
  • Determine stock availability across all locations
  • Track receipts, returns, sales and material transfers
  • Define minimum and maximum levels for inventory items
  • Track physical locations and sub-locations
  • Track capital and expense items and third-party leased equipment
  • Track and value items by condition code
  • Track specific inventory items by serial number
  • Stocking, reorder, physical inventory and stock usage reporting
  • Establish an unlimited number of fixed asset registers for financial and regulatory purposes
  • Denominate each register in any currency
  • Process composite rate (pooled) and item rate assets
  • Track physical location and movement history
  • Rely on a complete audit trail and depreciation history
  • Track non-depreciable and capital budget items