Keeping track of production basin and transport assets across a complex operational environment is a full-time challenge for oil and gas companies.
In order to orchestrate movements of goods and services across their supply chains, for both partners and customers, it is necessary to have real-time views of in-bound supplies and out-bound product deliveries. Generating a real-time view is not a trivial exercise.
If you are fortunate enough to get a complete picture across their supply chain processes, your managers can begin to develop operational initiatives that deliver cost savings while protecting and accelerating revenues.
So, how do you obtain this capability? How do you make sure that both internal and business-to-business operations are enabling a real-time view across the supply chain while providing visibility to the underlying processes to serve as a foundation to optimize them?
A case in point - what if a storm causes delay in shipping a critical part to an offshore oil rig? The rig might have to shut down production, causing oil sales contracts to be delayed or cancelled; refineries expecting the oil could be impacted because the supply is not available.
If the company’s siloed and disparate systems make it impossible to truly understand the full picture, there will be more than monetary losses – there will also be reputational damage with partners and customers.
Today, the widespread adoption of sensors and tracking technology has made it feasible to monitor and optimize dispersed operational processes and transportation routes with smart logistics.
Smart logistics leverage tools to analyze data in real time, predict an event consequence, and then act upon that information. Smart logistics solutions allow oil and gas companies to automate, integrate, and better manage business processes, leading to greater operational efficiency.
In addition, inclusion of performance and visual analytics helps quickly prioritize and change supply processes. It’s about thinking faster and working smarter. You can understand and act upon logistics data in ways that have never been possible before.
At one of the world’s largest multinational companies, business success was regularly challenged by troubled supply-chain and logistics processes. Inconsistent inventory policy, delivery performance, customer fulfillment, and partner tenure all led to wasted working capital, wasted investment, and added costs.
An automated, streamlined, rule-based solution implementation—geared toward end-to-end business-process alignment—produced more reliable supply processes, competitive lead times, and differentiated service levels at reduced production and delivery costs. In other words, it saved money and improved operational reliability.
Read our ebook, Transforming Energy Operations, from Production to Pipeline to Pump, to learn more.