In most companies there is zero room for error. In the logistics industry this is no different.
For companies, time is money. This holds true for oil and energy companies who have scheduled jobs to complete on certain dates according to extraction cycles. These cycles require alignment with specialized personnel in restricted areas; if the material does not arrive when the personnel is scheduled to work, there is nothing to do, and valuable resources and time are wasted. This scenario stresses the importance of material readiness and in transit visibility in real time because it facilitates information on when the material will be received.
Facing low prices of crude oil, companies need to reshape supply chains to get sustainable cost reductions and reach profitability in the mid and long term. End to end visibility in upstream, midstream, or downstream portions of the business substantially reduces inefficiencies, driving competitive advantages and bringing you closer to achieving your strategic goals.