Case Study: Precision Drilling achieves faster repairs, lower inventory costs and rapid ROI with Wasp Barcode Technologies

Precision Drilling Primes the Pump with Wasp Inventory Control

Precision Drilling, Canada’s largest drilling rig contractor with more than 240 rigs and global operations, faced an inefficient parts-management problem at its Nisku service center: more than $2 million in repair and service inventory was tracked with spreadsheets. The manual process left no reliable record of part locations, usage history or availability, causing duplicate orders, costly overnight shipping and wasted labor—SAP was judged too complex for the center’s smaller parts and fast turnaround needs.

Precision implemented Wasp’s inventory management software with a mobile computer and barcode printer to track quantities, locations, assemblies and usage data. The system delivered instant visibility, eliminated unnecessary reorders and expedited shipping, and provided reporting to monitor trends and supplier lead times. Results included zero unnecessary shipping charges, tens of thousands of dollars saved, a payback in under six months, about two days of staff time saved per month, faster repairs and reduced reliance on costly overtime.

Precision Drilling

Lee Letawsky

Parts Manager