Petrolsoft Corporation Chosen to Manage Amoco's Supply Chain.SAN DIEGO--(BUSINESS WIRE)--Aug. 10, 1998--
Amoco turns to industry-specific solution to reduce inventory levels and secondary transportation costs
Petrolsoft Corporation, the world's leading provider of integrated supply chain management systems for the retail petroleum industry, today announced that Amoco Corporation (NYSE NYSE
See: New York Stock Exchange :AN) has selected the Petrolsoft technology to manage its U.S. supply chain. The implementation of Supply, Petrolsoft's automated inventory management and scheduling software, gives Amoco the power to forecast customer demand, optimally schedule the distribution of product, and comply with "Year 2000" (Y2K See Y2K problem and Y2K compliant.
Y2K - Year 2000 ) information technology standards.
Petrolsoft Supply gives Amoco, and the independent network of Amoco dealers, the power to predict the public's demand for its fuel products on a daily basis. Resolving the Y2K problem Y2K problem or Y2K bug: see Year 2000 problem.
(Year 2000 problem) The inability of older hardware and software to recognize the century change in a date. in the short term, it is expected that the switch to Petrolsoft will also result in a significant reduction in inventory and secondary transportation costs for Amoco in the long term.
"We are thrilled to be working with such a high-quality organization like Amoco," said David Gamboa, president of Petrolsoft Corporation. "Petrolsoft's core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
After contacting several vendors to discuss their products' functionality, Petrolsoft, along with Manugistics, developers of Amoco's previous supply chain system, were selected to participate in a pilot test at an Amoco distribution terminal. When the results of these tests were compared, Petrolsoft was selected as the best fit for Amoco's current and future supply chain requirements. Testing of Supply demonstrated the greatest potential for reduction of inventory levels and secondary transportation costs.
Supporting Amoco's motor fuel supply logistics process, Supply combines state-of-the art technology with an easy to use interface. The system Amoco is replacing is a proprietary dispatching system and is heavily dependent upon a mainframe environment and did not offer the use of current Graphical User Interface graphical user interface (GUI)
Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. ) technology. Supply's client-server architecture client-server architecture
Architecture of a computer network in which many clients (remote processors) request and receive service from a centralized server (host computer). includes a Windows-based GUI, resulting in an easy-to-use environment for bulk petroleum distribution. A de-centralized system, Amoco's dispatchers are located throughout the U.S. This allows dispatchers to be very familiar with the site and location-specific events that may impact the product forecast. Supply will be implemented as part of Amoco's standard computing environment and will be accessed by the dispatchers through the existing Wide Area Network (WAN).
Supply allows a supplier to provide better customer service and ensure product availability for consumers. Consisting of two related algorithms that work independently or together, Supply forms the most advanced automatic stock replenishment and truck scheduling system for bulk, surface petroleum supply and distribution. Every day, Supply gathers sales and inventory data from station sites and automatically generates future orders with balanced quantities and suggested time of delivery.
Supply's Automated Stock Replenishment (ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ) module transitions the traditional supply chain from a "take order" environment to a "make order" environment. Collecting daily sales and inventory information from each franchisee, Supply automatically forecasts future replenishment requirements.
Amoco Corporation (NYSE:AN, www.amoco.com) is a global producer of oil, natural gas, refined products and chemicals, with annual revenues of more than $36 billion in 1997. Amoco is a leading marketer of quality gasolines, supplying some 9,300 retail outlets in 38 states and Washington, D.C.
Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Petrolsoft Corporation is the leading provider of integrated supply chain management systems for the retail petroleum industry. Founded in 1989 at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. , Petrolsoft has grown into the most successful and profitable private software and consulting firm for retail motor fuel distribution. Focusing exclusively on the supply and distribution of bulk refined fuel products including motor gasoline, distillates, kerosene kerosene or kerosine, colorless, thin mineral oil whose density is between 0.75 and 0.85 grams per cubic centimeter. A mixture of hydrocarbons, it is commonly obtained in the fractional distillation of petroleum as the portion boiling off and jet fuel, there are four basic types of customers for Petrolsoft technology: integrated oil companies, oil refiners, oil marketers and oil carriers. Current customers include Mobil, Ashland/Marathon, Amoco Products Company, Sun Refining & Marketing (Sunoco), Chevron Canada Limited, Ultramar Diamond Shamrock, Getty Petroleum Corp., YPF YPF Yacimientos Petrolíferos Fiscales (Argentina)
YPF Esquimalt, British Columbia, Canada (Airport Code)
YPF Young Peoples Fellowship SA (Argentina) and AMPOL/Caltex (Australia). For more information on Petrolsoft and its technology, visit www.petrolsoft.com.
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