Here’s the pop quiz for today: name a business that isn’t concerned with reducing costs and improving quality or increasing output. It’s a trick question because there is no wrong answer. Every business, across every industry, knows that there’s a pretty straightforward formula for optimizing the bottom line: reduce costs, keep an eye on quality, sell more, focus on customer satisfaction. Do those things in the right order at the right time, and you’ve achieved the longevity you’re looking for.
In the oil and gas industry in particular, increasing yields means paying attention to costs, quality and output. A Laboratory Information Management System (LIMS) is one of the most critical components of any QA/QC lab because the LIMS is the centralized data management tool, capturing and storing data from analytical instruments both in the lab and in the field, and enabling management to turn that data into information in order to make the most informed decisions about quality, pricing, and production. The LIMS is also used to track and monitor compliance parameters for such regulatory bodies as ISO (in particular ISO 17025)and other environmental or government agencies. Because the LIMS is the central repository of all lab and instrument data, it can provide management at all levels of the organization with vital information related to scheduling, production, storage and shipping. When the LIMS is integrated with enterprise systems such ERP, as well as PIMS and MES, quality-related information generated by the LIMS is accessible to other departments to ensure products meet defined specifications and demonstrate compliance with regulatory, product and safety standards. A LIMS fully integrated with the enterprise allows management to have access to information necessary to make decisions that optimize resources, improve margins, and ultimately ensure shareholder value.
I’d like to share a white paper published by ARC Advisory Group that speaks to the value of an integrated LIMS in the oil and gas industry. Exploration and production are now often located in the most remote and isolated areas, producing heavier feedstock and requiring more complex analysis. In this environment, a LIMS that facilitates ISO 17025 accreditation is critical to ensuring product quality and customer satisfaction. Read How LIMS Ensures Product Quality and Facilitates ISO Certification today.
Last week LNG Industry produced its summer issue and there’s an excellent article titled Increasing Yields that further illustrates the value of integrating the LIMS with the lab, field operations and the enterprise. And because information is knowledge, the LIMS becomes your most critical asset by bringing together all key data sources so that information is available, shared and acted upon in the most timely fashion. Increasing Yields takes a deep dive into the issues that affect the oil and gas industry, from remote exploration and production sites, to regulatory compliance, improving operational productivity and the need to harmonize systems and consolidate data management across the enterprise.
Like what you are learning?
For a more technical discussion about a state-of-the-art LIMS, I can offer you a webinar that gives you an overview of the LIMS functionality the world’s major oil and gas companies are looking for and many are already using. In this webinar, Colin Thurston will speak about the latest advances in QA/QC LIMS functionality and how SampleManager LIMS delivers more information to management, provides dramatic new functionality to users and a comprehensive .NET tool kit for systems administrators to develop, streamline and extend laboratory workflows.
I hope this information is useful to you and, because we’re all looking for the guarantee to longevity, that some of it may help you transform how you do business.
Your comments are welcome and most appreciated!