National Oilwell Varco Distribution Services Group is reducing costs for Drilling Contractors by putting its supply stores on the rig. NOV RigStore™ is unquestionably the most innovative supply chain solution in the drilling market today. Owned and operated by NOV Distribution Services, staffed by NOV’s supply chain professionals, and stocked with NOV inventory, the NOV RigStore™ lowers costs of operation by ensuring that the necessary products are on the rig, on time, and ready to use when needed. 

NOV RigStore enables:

• Rig downtime avoidance
• Expense optimization
• Reduced capital per rig
• Control over critical spare inventory level
• Full transparency of supplier’s operations and books
• A single point of contact for NOV’s unlimited solutions
• Reduced total cost of ownership by elimination of duplicate processes
• Immediate global access to service, repair facilitation, and capital procurement
• Competitive procurement of all types of products and services, leveraging both the customer’s and NOV’s buying power   

Superior Financial Returns

• Cost of Capital: Customer pays for product, only when consumed; NOV carries the burden of inventory*
• Infrastructure Costs: Customer utilization of existing NOV shore base facilities worldwide
• Balance Sheet Management: Inventory remains on NOV books until consumed*
• Import Duties: Products are moved to the rig at NOV’s cost
• Service and Repair Facilitation:NOV procurement personnel manages service and repair process
• NOV Procurement Expertise with Developed Strategic Relationships:Onsite buyer leverages NOV total spend and strategic vendor relationships
• Third Party Invoice Processing and Payment: NOV handles third party invoices on behalf of customers

          *dependent on country of operation

Global Support: NOV Distribution Services’ global footprint of over 200 Distribution Service Centers provides existing shore base facilities to support customer operations. This allows for NOV RigStoreTM customers to move around the world without carrying the burden of maintaining their own shore bases.

Value Added Services: National Oilwell Varco provides a vast array of services to our customers that add value and create additional savings. The range of services provided is constantly growing to adapt to customer needs, but all generally fall within the following categories:

• Warehouse/Inventory Management- Bar Coding, Core Product Management, Surplus Management, Hardcore Management, Critical Spares Management, Consignment
• Procurement Services- Integrated Supply, Leveraged Purchasing, New Vendors, New Products
• Contract- Alliance Pricing, Worldwide Contract Pricing, Volume Incentives, Buyout Management, Negotiated Freight Cost, Summary Invoicing, Customer Accounting Codes on Invoices, Claims Management, Reporting
• Standardization- Leveraged Supply, Price Savings, Vendor Consolidation, Alternate Product
• eCommerce- Systems Integration, Web Based Catalog, Process Design and Development, Shopping Baskets, Electronic Data Interface (EDI), Electronic Payment, Procurement Cards, Reporting, one Global Enterprise Resource Planning (ERP) System
• Project Management- Margin Sharing, Project Management, Project Planning, Surplus/Return Material Management, Project Trailers
• Training- Continuous Improvement Program, Training, Product Safety, Technical
• Implementation- Customized Implementation
• Reporting/Metrics (Analytics)- Performance Reporting