Case Study
20%Â improved OTIF performance with real-time global visibility and optimization for a leading oil and gas multibillion company
- Industry: Energy (Oil & Gas, Renewables) ​​
This multinational oil and gas company is among the world’s largest companies out of any industry. This $381 billion company has over 86,000 employees worldwide and a presence in more than 70 countries.
Challenge
- Lack of real-time visibility: inability to monitor global inventory levels in real-time, leading to stockouts or overstocking
- Inefficient service levels: suboptimal inventory levels affecting On-time In Full (OTIF) performance
- High operational costs: elevated inventory and holding costs, along with increased shipping expenses due to last-minute adjustments
Solution
- Predictive and prescriptive analytics: for asset and fleet management
- Data quality and master data management: ensuring data integrity and compliance
- Automation and integrated workflows: for efficient asset mapping and decision-making
- Live scenario-based decision-making system: for real-time insights and actions
Capabilities leveraged
Data & Analytics
AI & ML
Outcome
Optimized inventory:
achieved balanced stock levels, reducing holding costs
Improved OTIF performance:
maximized OTIF delivery, enhancing customer satisfaction
Cost savings:
significant reduction in both inventory and shipping costs
Enhanced decision-making:
boosted efficiency via real-time analytics