Expert Blog on Upstream and Downstream Oil &Gas Industry
Thursday, 19 November 2015 11:36

Inventory Management Strategy

In current tough O&G market situation, every cent matters. Top Management have been emphasising strongly on “Effective Inventory Management and Scheduling” and refiners in-turn are striving hard to get the levels right by:

  • Providing visibility into future demand and inventory levels, enabling the company to take advantage of supply/demand disruptions while minimizing working capital
  • Integrating refinery scheduling with distribution scheduling, yielding feasible and achievable schedules
  • Reducing transportation and demurrage costs through realistic distribution schedules
  • Facilitating deal actualization and contract reconciliation
  • Enabling visibility into supply and trading positions
  • Facilitating best-practice supply chain planning by connecting demand forecasters, refinery schedulers, distribution schedulers, traders and operations personnel
Published in Downstream

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