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Effectively managing inventory in storage, port and transit is a challenge for even the most sophisticated company. Doing it in real-time against a changing trading portfolio is even more difficult, without the right systems and decision support tools. One OILspace client had one chronic problem where product levels were running too low, too often. This caused a domino effect throughout its supply chain. Plans were constantly changing as management in logistics, trading and supply were in a reactive situation to inventory levels. Costs escalated, and forecasts became useless.
OILspace Solution: This client had a solid scheduling tool for its transport operation, and a good front-end system for marketing activity. What it needed was a simple, yet sophisticated plug-in solution to monitor and plan safe inventory levels to increase stock and product utilization and drive down storage costs. They implemented the ASPect Office Inventory Management solution along with the OILspace Energy Service Bus (ESB). This allowed the client to retain their current logistics, and some operations and front-end applications, and only plug-in the functionality needed to monitor inventories in real time. The ESB was essential in making their enterprise real-time and allowing for the seamless plug-in integration. Planning and reporting tools are very strong within ASPect Office, bringing much-needed visibility to management across the enterprise. Visual alerts now indicate when storage is nearing unacceptable ranges, giving departments time to plan for the best supply options.
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See how you can add profits back to your business that
are lost in mis-managed storage and handling issues.
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