Conf42 Internet of Things (IoT) 2024 - Online

- premiere 5PM GMT

Transforming Bulk Oil and Gas Logistics with IoT: Leveraging IS OIL TSW for Digital Innovation and Operational Efficiency

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Abstract

Discover how IoT is revolutionizing oil and gas logistics! Learn how IS OIL TSW leverages real-time data and automation to optimize multi-modal transport, slash costs, and reconcile massive inventories in minutes. Uncover the future of efficiency, accuracy, and compliance in a $3.3T industry!

Summary

Transcript

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This is Rajesh Kugila, I am going to talk about, transforming bulk oil and gas logistics with IOT, leveraging, ISOIL TSW for digital innovation and operational efficiency. thanks for joining me today. Here are the things, we are going to discuss the table of contents of, this, ISOIL TSW, industry context and challenges, introduction to, ISOIL TSW, core functionality of, TSW, quantitative impact, alignment with the industry trends, benefits of ISOIL TSW, case study, operational impact, feature outlook, and conclusion. So here we will discuss about the industry challenges in oil and gas industry. The oil and gas logistics landscapes of the global oil and gas industry is valuated at 3. 3 trillions as of 2023. Inefficiency in logistics can lead to substantial financial losses, affecting probability, sorry, profitability. A mid sized refinery processing 250, 000 barrels per day, valuated at 20 million. a daily can incur massive losses from delays or errors increasing Reliance on automation and integration to manage complex multimodal logistics so introduction to isr tsw So what is, I-S-R-T-S-W, what are the core functionalities, that TSW offers? So we'll discuss here. the, ISR, traders and s is an advanced logistics management software. this basically, will use it for the nomination and ticketing in the. Soil, bulk product movement. So the core functionalities includes, nomination management for product scheduling, electronic ticketing for accurate documentation, multi modal transport systems, it's also support multiple multi modal transport system like rail, pipeline, and marine, and inventory reconciliation to prevent discrepancies, integration with the terminal invoicing system. Designed to streamline bulk sales, purchases, and transfers with unmatched accuracy and speed. The core functionalities of DSW are key features and capabilities. Nomination management, ticketing system, multi modal support, inventory, reconciliation. we'll discuss, detail about the nomination management. the nomination management, basically it's a scheduling, tool for the, bulk, refined, crude products. Either as a purchase a sale or transfer. So in real time updates and coordinates across the stakeholders So the nomination management system it's real time updates and coordinates across the stakeholders Hinders high transaction value. So the scalability and the ticketing system of the automated ticketing system reduced Documentation errors by 95 percent and supports processing of up to 10, 000 daily tickets. Multimodal support. Unifield logistics management for rail, pipeline, and marine. The inventory consolidation achieves 99 percent reduction in Inventory discrepancies. We will discuss here the quantitative impact of TSW on operations. So error reduction, 95 percent reduction in documentation errors, efficiency gains, processes up to 10, 000 daily tickets, inventory accuracy, 1 percent improvement, translates to 1 million in annual savings for midsize refineries. Reconstruction time reduced by 60 percent enabling faster decisions making invoice processing time reduced by 70 percent improving financial efficiency. So alignment with the industry trends, here are the industrial trends driving automation and integration, automation technologies, integration technologies, TSW role. So automation technologies market value projected to grow to 22. 1 billion by 2027 Enhances safety reduces human errors and boosts productivity by up to 25 integration technologies cloud applications market expected to reach 10. 9 billion by 2027 tsw role integrates seamlessly with the existing inventory and invoicing system reducing reconciliation and processing time significantly Benefits of, ISR TSW, the business benefits, enhanced accuracy, improved efficiency, better visibility, regulatory compliance, cost reduction. So enhanced accuracy reduces human errors, improving reliability in operations, and improved efficiency enables teams to manage more transactional with less effort. Better visibility, real time updates reduce inventory holding cost by up to 15 percent. Regulatory compliance minimizes compliance risk reducing associated cost by 30 to 50% cost reduction optimizes logistics process achieving significant cost savings. Here's the case study for the operational impact, the TSW in action. A midsized refinery processing two 50,000 barrels per day requests a robust logistics solution to overcome inefficiency in scheduling, ticketing, and reconciliation improvements. Improvements achieved with the TSW inventory reconciliation reduces to. 30 minutes and 10 saved per ticket with the electronic ticketing. Real time visibility enhances decision making and reduces operational delays. Shaping the future of, oil and gas logistics. Digital transformation goals, unlock 2. 5 trillion in value by 2030 through efficiency and automation. technology adoption trends, greater reliance on AI, cloud technologies, and sustainability focused solutions. And TSW's role in the future. Continued evolution to meet rising demands for faster, smarter, and more sustainable logistics and solutions is the conclusion of ISOIL TSW, the ISOIL Traders and Traders Workbench. is revolutionizing bulk logistics management in the oil and gas sector by driving automation, integration, and operational excellence. It addresses critical industry challenges, ensuring accuracy, efficiency, And complaints while reducing cost as the industry evolves. TSW provides the tools necessary to stay competitive and sustainable. Join us in transforming oil and gas logistics. Contact us today to explore implementation opportunities and partnerships. Let us shape a smarter and more efficient future together. Thank you.
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Rajesh Guggilla

Principal Specialist/IT SAP IS OIL @ Energy Transfer

Rajesh Guggilla's LinkedIn account



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