Aspen Inventory Management and Operations Scheduling™ (Aspen IMOS)
Scalable enterprise solution that enables operations to make the most profitable decisions and identify future opportunities in crude and primary distribution
Aspen IMOS enables operations personnel to accurately and effectively manage the hour-to-hour, day-to-day operational activities and conduct detailed analysis. For crude and finished products, Aspen IMOS manages supply and demand balancing, inventory, nominations and exchanges, movement scheduling, contract monitoring, and provides 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: Plan, schedule, and monitor movement of crude and finished products via multiple modes of transport for crude and primary distribution. Includes automated nominations, confirmations, tickets/actualization and shipment updates for pipeline, rail car, truck, vessel and barge transactions. Respond better and faster to events outside operational control and cut down on supply chain disruptions.
- Contract Monitoring and Deal Balance Tracking: Create and match inventory movements to buy-sell deals. Monitor the running balance in spot, term, and exchange deals and create and execute book-outs. Take advantage of favorable inventory trading opportunities.
- Supply and Demand Balancing: Access aggregated marketing demand forecasts and refinery production schedules. Identify long/short balances by product, region, and location. Develop scenarios and perform what-if analysis.
- Integration: As a supply chain integration hub, Aspen IMOS integrates with Aspen Collaborative Demand Manager, Aspen Petroleum Supply Chain Planner, and Aspen Petroleum Scheduler, as well as many third-party forecasting, refinery scheduling, distribution planning, and trade capture systems.
Benefits
- Increase Supply Chain Optionality: Aspen IMOS provides accurate and real-time visibility into supply/trading positions, allowing users 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 ability to plan, simulate, and evaluate characteristics that affect schedule disruptions. Enables the user to proactively identify potential conflicts and make changes to avoid demurrage costs.
- Optimize Inventory: 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), allowing for immediate impact to working capital and improved ability to forecast.
- Improve Ability to Execute Exchange Contracts: Proactively analyze and capture buy/make/exchange opportunities by viewing all exchanges contracts in one place.
- Improve Resource Efficiency: Reduce time required to perform activities through process streamlining and automation of manual activities.