Aspen Inventory Management and Operations Scheduling™

Enables operations to make the most profitable decisions and identify future opportunities in primary distribution

Aspen IMOS enables operations to accurately and effectively manage the hour-to-hour, day-to-day operational activities and conduct thorough analysis. For crude and finished products, Aspen IMOS manages supply and demand balancing, inventory, nominations and exchanges, movement scheduling, and contract monitoring, while providing decision support tools to further manage the petroleum supply chain. Aspen IMOS is a core element of aspenONE™ Supply and Distribution for Refining and Marketing.

Features

  • Inventory Management and Visibility: Provides enterprise-wide visibility into current and future inventory and movements, allowing the user to view inventory (quality and quantity) and planned, scheduled, and committed movements. Captures automated feeds from external systems to conduct physical and operational inventory reconciliation.
  • Operations Scheduling and Movements Management: Enables you to plan, schedule, and monitor movement of crude and finished products via multiple modes of transport for primary distribution. Respond better and faster to events outside operational control and cut down on supply chain disruptions.
  • Contract Monitoring and Deal Balance Tracking: Creates and matches inventory movements to buy-sell deals. Monitors the running balance in spot, term, and exchange deals, and creates and executes book-outs. Helps you take advantage of favorable inventory trading opportunities.
  • Supply and Demand Balancing: Accesses aggregated marketing demand forecasts and refinery production plans. Identifies long/short balances by product, region, and location. Develops scenarios and performs “what-if” analysis.

Benefits

  • Increase Supply Chain Optionality: Provides accurate and real-time visibility into supply/trading positions, allowing you to make decisions based on reliable and timely information from a common enterprise system that summarizes information across a broad range of assets.
  • Reduce Demurrage Costs: Improves your ability to plan, simulate, and evaluate characteristics that affect schedule disruptions. Enables you to proactively identify potential conflicts and make changes to avoid demurrage costs.
  • Improved Resource Efficiency: Reduces the time required to perform activities through process streamlining and automation of manual activities.
  • Optimize Inventory: Better manage system-wide inventory levels with the ability to view forward inventory positions and consolidated trading and supply inventories against accurate real-time positions. Vary inventory positions based on market conditions (contango vs. backwardation).
  • Improved Ability to Execute Exchange Contracts: Proactively analyzes and captures buy/make/exchange opportunities by viewing all exchanges contracts in one place.

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