Honeywell introduces fully Integrated Terminal Operations Software Service Platform to create superior User Experience through Seamless Data Management.
Terminals are a critical and strategic part of the value chain in the oil & gas and chemical industries. They are utilized from production to processing and marketing. Within these supply chain areas, there are key logistical systems that help optimize and manage the flow of products to meet customer requirements, and there are automation and business systems that ensure safe and efficient operations. Having all these systems seamlessly integrated provides the greatest opportunity to operate a safe, efficient and profitable terminal.
The bewildering number of constantly evolving fiscal, environmental, safety and health regulations increases the volatile environment that terminals face today.
Additional challenges for terminal owners / operators include:
- No single integrated view of inventory and operations across multiple terminals
- Difficulty in benchmarking overall asset performance
- Qualified personnel and retiring workforce
- Geographical distribution of terminals
- Increasing need to handle multiple product mixes with complex recipes
- Limited collaboration across the supply chain
- Cyber security. Achieving increased throughput results, minimizing demurrage costs, and maintaining asset performance add to the day-to-day challenges.
The uncertainty associated with forecasting business changes or identifying where the next interruption could occur— whether it’s an equipment malfunction, safety incident or out-of-spec product—can affect operating at maximum efficiency.
As a terminal operator, you look to integrate disparate inventory management, blending, and loading systems to provide a complete picture of performance. You also need to manage the “paper stream” associated with your operations. It is important to see how each terminal is performing relative to other sites, and determine which terminals have spare capacity, experience bottlenecks, or have room for improvement. However, running a profitable and compliant operation requires more than just the right technology. You need proven expertise and integrated solutions ensuring equipment, people and processes work together to achieve operational excellence.
Terminal IQ from Honeywell is a unique service platform to address these challenges Terminal Operators are facing today.
To know more about Terminal IQ and interact with our experts, please contact Ramesh Natarajan.
