Crestwood Midstream
Crestwood Midstream optimizes their supply chain and significantly reduces CAPEX with Parq’s platform and vendor identification features.

~$5MM

of Cost Savings

With Parq, the customer achieved new vendor identification, deep pricing insights, and ~$5MM of cost savings (~40% of total project spend).

150+

Hours of Time Savings

With Parq, the customer achieved new vendor identification, deep pricing insights, and 150+ hours of time savings ($10,000).

$6,500

Increase in Daily Revenue

With Parq, the customer achieved new vendor identification, deep pricing insights, 4-6 weeks of lead time reduction per item, resulting in $6,500/day in revenue uplift and eliminating $280,000+ of downtime events.

50%

decrease in lead-time

The client selected one of Parq’s recommended suppliers and unlocked $4.6MM (61.3%) in savings and reduced lead-time by 46 days (50%). With Parq, the customer found an in-stock entire compressor station. This would result in eliminating $1,500,000+ of engineering and 15+ weeks of lead time.

About the Company

Company Description: Crestwood connects fundamental energy supply with energy demand across North America through a best-in-class midstream network. Our diversified asset base and integrated services provide flow assurance across the value chain for producers and consumers of natural gas, natural gas liquids (NGLs), crude oil and produced water.

Size of Company:

$7BN Enterprise Value

Industry:

Energy

The Problem

Identifying optionality for supply chain resiliency and redundancy is difficult when operating in the industrials space, as many suppliers do not have a public facing presence, and buyers are busy executing projects in the pipeline. The goal of identifying qualified suppliers to achieve CAPEX reduction and supply chain redundancy is what led Crestwood to Parq.

Solution & Implementation

Crestwood Midstream leveraged Parq’s 50,000+ supplier network across more than 10 projects, ultimately saving more than $5MM in CAPEX and 40+ weeks of lead-time. 

This relationship is ongoing and Parq continues to work with this client to improve its supply chain team efficiency. 

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