For companies, “time is money” and this is certain 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, wasting resources and valuable time. This scenario stresses the importance of material readiness and in transit visibility in real time, as it facilitates information on when they will receive the material. In the oil and energy business exists a sanction called “non-productive time” (NPT) and it means that when a segment or a job is not started or completed on time, the oil and energy company economically penalizes the party which caused it.
End to end supply chain visibility has been a top priority for companies for years but it's still a challenging goal to achieve. How do you define visibility? Do you want visibility or reliability? Customers want to see instantly where their products are. Change of pace has increased along with the need to make smarter decisions faster.
As a result, "real-time" visibility is becoming more important. Listen to our VP of Business Development, Julian Duerschmidt and Adrian Gonzalez from Talking Logistics as they deep dive into the topic of visibility.
- Freedom to Focus on Critical Operations
Instead of trying to perform logistics services in-house, outsource it to a company that has in-depth expertise and experience in carrying out logistics operations with ease. This in turn will help you free up your resources and allow them to focus on other critical operations.
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 reduces substantially the inefficiencies, driving competitive advantages bringing you closer to achieving your strategic goals.
Aerospace and Defense companies face many challenges in today’s market. The struggle to increase manufacturing capacities while decreasing carbon footprint, resources, and assets is a real challenge. In order to increase manufacturing and assembly line capabilities and speed, the market needs to adapt and accelerate the overall supply chain flow.
Extended visibility in Supply Chain is a growing ambition for respondents of the 2017 Worldwide Survey that GEODIS conducted (from 6th on the list of primary objectives in 2015 to 3rd in 2017). To achieve this end-to-end visibility, respondents’ main focus remains on the inbound process.