Oniqua works closely with customers to provide extremely compelling value propositions to the Oil & Gas industry. These include minimizing production risks and stock outs, reducing inventory value, preventing surplus and obsolete stock, and cutting down the time spent on managing spares inventories. Oniqua’s flagship offering is Oniqua Analytics Solution (OAS), which provides a wide variety of optimization capabilities for Oil & Gas companies across inventory, procurement, and maintenance. Some of the most powerful capabilities of Oniqua Analytics Solution for Oil and Gas are critical spares/asset analysis and optimization; inventory segmentation, visibility and benchmarking; identification of obsolete/disposable materials and master data management/ cleansing.
OAS provides a unique capability to perform end to end analysis across MRO materials management and operations and maintenance. OAS helps Oil and Gas operate more efficiently, safely, and reliably by using sophisticated statistical analyses, prescriptive analytics, and optimization algorithms specifically designed for asset intensive industries like Oil & Gas.
Oniqua has provided a variety of enhancements and new capabilities in recent years to help customers. These reliability-enhancing, cost-reducing capabilities have earned the company an impressive customer list that spans some of the world’s leading Oil & Gas companies, such as ConocoPhillips, BP, BHP Billiton, Dow, and Phillips 66. For instance, Oniqua helped the largest independent exploration and production energy company that was struggling from increased inventory levels and reduced ROI. Using Oniqua’s solutions, the client observed reduced MRO working capital by 10 percent within 6 months for one site, in addition to reduced inventory levels. Based on the results of the initial site and desire to centralize on a common platform, the client adopted an enterprise OAS license for global roll out.
Going forward, Hill asserts that the company would focus on measuring the economic value delivered to customers by implementing innovative solutions. By analyzing customer data in the cloud, the company can analyze cause-and-affect and see exactly how the recommendations generated by the software improves customers’ businesses. “This feedback helps our technology team to develop new techniques and inspires our delivery team to help users achieve more. We figure that if we can relentlessly focus on this metric, we could keep the competition at bay and provide a sense of purpose for the Oniqua team,” he concludes.