ANCHORAGE, Alaska, Sept. 28 -- Asset Management Services (AMS), a subsidiary of Advanced Supply Chain International (ASCI), a global leader in supply chain management, announced today the finalization of ConocoPhillips' purchase of the robust Oniqua Analytics Suite (OAS) - Inventory software solution. The software, purchased after ConocoPhillips' trials at three of their largest upstream sites (Alaska, Indonesia, and the North Sea), has performed above expectations, providing rapid ROI exceeding 400%.
OAS - Inventory is developed by Australian-based Oniqua Enterprise Analytics, and is specifically designed for asset-intensive industries such as oil and gas. ASCI will install OAS - Inventory at 25 ConocoPhillips production and refining facilities worldwide. As the Master Distributor for Oniqua products within the oil and gas industry in North America, ASCI will customize the software for use at each ConocoPhillips site.
This application delivers a tremendous return on investment by right-sizing inventory based on maintenance, inventory, and procurement data, and applying the world's leading techniques for inventory optimization. The optimization algorithm has demonstrated proven inventory reduction results of 15-25%.
"The challenge for asset-intensive corporations is to maximize their return on heavy [plant and ongoing operation] investments," said Mike Schwarz, VP of Business Development at ASCI. "To accomplish that, companies must overcome difficulties of operating and maintaining complex and diverse equipment in difficult climates. This software suite increases service levels, thus reducing downtime, with decreased inventory investment," he added.
"We are delighted by ConocoPhillips' decision to roll-out OAS - Inventory across 25 sites and look forward to working with our valued partner, ASCI, to provide analytical solutions that help ConocoPhillips meet its current and future business objectives," said Oniqua CEO Andy Hill. "The investment by ConocoPhillips is further validation of the outstanding value that the Oniqua Analytics Suite can bring to asset-intensive organizations by continuously improving their operational efficiencies and business performance," he continued.
For more information, please visit www.ascillc.com.
About Advanced Supply Chain International
ASCI, a high-performance supply chain and asset management firm, delivers efficiency and impressive return on investment when no one else can. Based in Anchorage, Alaska, since 1999, ASCI has a strong reputation for safety, highly skilled personnel, and consistent adaptation to new challenges. By incorporating solid strategy, planning, and state-of-the-art technology, ASCI has become a global leader in the delivery of supply chain and asset management solutions to asset-intensive industries.
About Oniqua Enterprise Analytics
Headquartered in Brisbane, Australia, and with offices in North America, Africa and Asia, Oniqua Pty Ltd (www.oniqua.com) provides best-in-class Asset Performance Management (APM) solutions that improve the operational efficiencies and business performance of asset-intensive organizations. With advanced analytics capabilities, cross-functional integration, data cleansing services and seasoned industry expertise, Oniqua helps customers realize tangible benefits faster than any other APM provider. Oniqua's solutions are used by eight of the world's top 10 mining companies and two of the top five oil and gas companies, saving them millions of dollars each year in improved asset performance.
SOURCE Advanced Supply Chain International
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Tania Wickman
Marketing and Communications
Oniqua
ph: +61 7 3369 5506
tania.wickman@oniqua.com |
p: +61 7 3369 5506