AVEVA, a world renowned engineering and industrial software provider, has enhanced its Unified Supply Chain platform, Real-time Crude.
The tools is designed to help customers gain visibility into their business and operations in order to quickly understand how crude quality impacts their value chain.
With the Oil and Gas industry facing massive disruption, a lack of visibility into the supply chain has led to difficulties with reacting to market changes in real time.
AVEVA Real-Time Crude, a solution developed with Schneider Electric, combines analytical equipment with machine-learning techniques to provide rapid and reliable crude oil assays across the enterprise in a matter of minutes.
The company claims that timely information leads to advantages, including more intelligent purchasing decisions, improved operational planning, better allocation of refining resources, and more certain product volume and quality predictions.
AVEVA Unified Supply Chain is available on AVEVA Connect, which is designed to securely host AVEVA software solutions in the Cloud bringing additional value to customers with easier maintenance, increased collaboration, and in the case of Unified Supply Chain, increased computational power that speeds up decision making.
The tool is a single source of knowledge enabling enterprises to share and communicate decisions between diverse teams, promoting collaboration and discussion across global locations delivering increased visibility which enables rapid reaction to changing market conditions.
It comprises modules for planning, scheduling, assay management and supply distribution that can share common information promoting an understanding of the entire plant and of the business. Utilizing common data, models, and user management, it promotes collaboration and visibility across the entire supply chain.
Harpreet Gulati, senior vice president for planning and operations business unit, AVEVA said: “Given the fluctuating oil prices, volatile markets and the severe global economic downturn projected, the launch of Real-time Crude is opportune as it addresses many of the known issues that have been plaguing the energy industry.
Meanwhile Schneider Electric’s VP for process analyzers and instrumentation said that the key feature of the AVEVA Unified Supply Chain demonstrates the true potential of bringing advanced analytical equipment and machine learning technologies to the forefront without being complicated.