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In today’s marketplace, deciding how much inventory to carry is by no means a simple task. With the growth of eCommerce and a competitive international trading scene, inventory managers are finding it harder to make accurate projections to stock their inventories. In such a scenario, we are seeing more project managers depending on safety stock… read more →
While countless white papers have been published on the importance of inventory management, at refineries across North America it seems the jury is still out. Through the collective experience of the Trindent Hydrocarbon Loss Control practice we’ve witnessed every inventory management structure imaginable. While one refinery will keep the crude tanks filled to capacity in… read more →
The Airline industry focuses on fuel from a standpoint of lowering their price per gallon through purchasing mechanisms and transportation tariffs. However, there is less focus at the airport level through operational excellence. Airlines are prone to jet fuel losses due to inaccurate measurement and inaccurate billing at airport locations. These are driven by deficiencies… read more →
Capital can take many forms in a refinery. One type of capital outlay sometimes overlooked in a casual consideration is the total stock of hydrocarbons stored in tanks, unit fills, line fills, rolling stock (rail storage), and so on. Larger sized refineries can have anywhere from five to ten million or more barrels on hand… read more →
Supply chain optimization can be achieved on many levels: strategic (1-5 years), tactical (6-12 months) and operational (several weeks to 6 months). One of the operational areas that always provides an opportunity to improve the bottom line of any supply chain is, inventory
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