Asset Excellence Consultancy
at OOMCO

Home » Cases » Asset Excellence Consultancy at OOMCO

Developing and Implementing an Asset Management Strategy

Challenge: As a retail company in oil and gas, OOMCO has a huge number of retail and commercial locations for fuel supply. Up until 2014, the company had no strategy for asset management. This complicated tracking and tracing, and hampered the redeployment and retirement of assets on the basis of accurate operational and financial information.

Relation: Oman Oil Marketing Company (OOMC)
Period: October 2014 – December 2015
Website: www.oomco.com
Category: Developing and Implementing an Asset Management Strategy

Solution
To enable asset management, we developed an asset management strategy, both financial and operational. Three teams of OOMCO representatives traveled throughout Oman to inventory assets in 165 stores and approximately 300 commercial locations. Based on their findings, we designed, built and filled a database with financial and operational information. Subsequently, we anchored the strategy in the organisation.

Results
Depreciation profit and a financial result of 400,000 OMR created low-hanging fruit. In addition, new retail and commercial projects generated higher profits due to process improvement and more effective asset purchases. Ultimately, a more accurate depreciation schedule has been developed to generate a better financial register.

01

Strategic shifts
at OOCEP

Through a series of steps we designed a 3-layered program, corresponding with 3 types of competencies that were needed for executing the strategy.

Explore more

02

Competence Development
with Future Connections

We implemented our methodology to determine future roles in the organisation and defined the competencies that were required for these roles.

Explore more

03

Consultancy and Development at KIZAD and Abu Dhabi Ports

We identified the roles and competencies required for the commercial strategy of both organizations.

Explore more

04

Asset Excellence Consultancy
at OOMCO

To enable asset management, we developed an asset management strategy, both financial and operational.

Explore more

How can it work for my
company and people?

We believe, that an organization is organic. It should develop through (anticipated) changes in its markets, customers and environment. The aim of this development is always improvement. Improvement by people.

About us

Would you like to know more about what we do and how we do it?

We love to sit with you and discuss, dream and discover your challenges.

Contact us

What people say about us

“Arvid helped us to redefine our commercial strategy. His business wisdom, his energy and sense of humor made it wonderful to work with him and led to clear decisions, executable plans and 50% growth.”

Michel

CEO, Intelligent Automation

“We always look forward to having him around as our organization becomes a little brighter when he is around…”

Jessica

Learning & Development, Maritime

“Our learning and development has improved greatly because of their inspiration and energetic sessions.”

Mohammed

HR Manager, Telco

“Extraordinarily engaged and committed people.”

Linda

HR manager, Education

“A very effective, no-nonsense approach to our strategy and implementation through their Pull Principle…”

Sandra

Director, Cultural Organization

“Their consultants are different from the ones I have worked with in other firms; Q management doesn’t stop till the job is done and the results achieved.”

Saif

SCM manager, Oil & Gas