White paper

WP: LEAN TIMES CALL FOR IMPROVED MEASUREMENT QUALITY

NMi has different white papers for the markets Flow, Utility, Weighing, Mobility, Force, Cyber Security and Safety, E-mark, Verification and global NMi information. Get your white paper here!

INTRODUCTION

 

Why invest in C-SMART now?

In the Oil & Gas industry, most of our business involves buying and selling products by their quantity and quality. As such, our costs and benefits are directly related to measurement of these products. In economically favourable times, when everybody is receiving a favourable return on their investment, we might be able to afford the luxury of not paying too much attention to measurement accuracy. However, when the economy is less favourable, mismeasurement can affect one’s margins dramatically. The effect of a 0.5% mismeasurement during times of 10% margin, is “only” 5%, whereas its effect grows to an astonishing 20% in times of 2.5% margin.

Read more in our whitepaper.

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