DTN, an information services company, announced the launch of its newest enhancements to its Terminal Inventory Management System, DTN TIMS®. The latest version further improves operational forecasting by introducing pipeline schedule data to increase insights, enable data-driven decision making and provide greater control of fuel inventory.
The introduction of advanced forecasting options in the latest version of DTN TIMS allows batch quantities from pipeline schedules to be included in the dashboard, improving forecasting intelligence, providing better visibility into future inventory positions.
Batch numbers and, if available, nomination numbers are automatically passed and notated in the forecast. This improves forecast intelligence and allows for easier management of inventory from one data source at an enterprise level rather then assessing data from multiple portals and spreadsheets to perform the same task.
The DTN TIMS enhancements offer everyone in the organisation better visibility of terminals and allocations all together in one place. Along with the configuration of pipeline batch quantities, consistent data is provided across the organisation, providing more valuable data and insights and greater control over inventory levels.
Customers are able to see scheduled pipeline quantities updated automatically in their forecast. Tracking scheduled movements separately using spreadsheets is no longer needed, improving operational efficiencies.
This intelligent forecasting and increased visibility helps schedulers identify critical inventory issues such as inventory runouts or over-supply. Such insight enables schedulers to take appropriate actions resulting in improved customer satisfaction and margin optimisation.
DTN is the premier downstream oil and gas automation provider, working continuously to develop new offerings that meet customer needs. Through tight-knit relationships with its customers, DTN is able solve their challenges and the TIMS enhancements are a direct result of customer feedback.
DTN is the independent, trusted source of actionable insights for 600 000 customers focused on feeding, protecting and fuelling the world. Customer-centric and colleague-driven, DTN focuses on empowering agriculture, oil & gas, trading and weather-sensitive industries through continuous, leading-edge innovation. DTN is based in Minneapolis with offices globally.
Read the article online at: https://www.worldpipelines.com/business-news/25012018/newest-dtn-tims-offers-better-forecasting-intelligence-and-pipeline-schedules/