45, TOS Benson crescent, Utako, Abuja
The Challenge
The upstream oil and gas sector operates with fragmented inventory systems, manual processes, and no real-time visibility. These challenges cause audit delays, material misuse, and capital being tied up in idle or obsolete assets. Without digital oversight, forecasting is inaccurate, leading to overstocking and inflated operating costs. Procurement remains reactive, with long lead times and increased operational risk.
Our Solution
Matex – Material Exchange Platform digitizes and centralizes materials management, offering end-to-end visibility and control. It captures the entire asset lifecycle—from acquisition to disposal—while integrating seamlessly with ERP systems. The platform automates surplus disposal through trusted auction platforms, eliminating delays and revenue leakage. Matex replaces siloed operations with streamlined, data-driven processes.
The Result
Matex provides live visibility into inventory, enabling quick, informed decisions and clear accountability across operations. Audit and disposal timelines are reduced from weeks to real-time, while capital tied up in non-productive assets is recovered through traceable divestments. The platform drives down operational and storage costs, contributing to a measurable reduction in unit operating costs. It also sets a new benchmark for digital inventory governance in the industry
Enables continuous monitoring of all items with details on quantity, condition, and location. Provides traceability across warehouses, sites, and field operations to ensure accuracy and reduce stockouts or overstocking.
Facilitates a controlled marketplace where companies can purchase, sell, or exchange surplus materials. This improves material utilization, reduces procurement lead time, and minimizes wastage.
Supports borrowing and returning of materials between companies. Tracks timelines, responsible parties, and asset condition, ensuring accountability and minimizing disputes.
Provides an integrated platform for disposing of surplus or obsolete materials through auctions. Companies can list items, receive bids, and transparently recover value while ensuring compliance with disposal policies.
Delivers comprehensive insights into inventory levels, usage patterns, and transaction histories. Customizable dashboards and trend analysis help optimize stock management and support better planning decisions.
Real-time tracking of all items, including location, condition, and quantity.
A marketplace for companies to exchange materials, Purchase or sell off materials
A system to manage the borrowing and returning of materials between companies
Disposal of items via a built-in auction system, allowing companies to bid on surplus or obsolete materials.
Detailed reports on inventory levels, transactions, and trends.
