AVEVA, a global industrial software provider, has announced enhancements to its ‘Value Chain Optimisation’ offering to enable customers to eliminate information silos and integrate critical business processes across the operational value chain
AVEVA’s ‘Value Chain Optimisation’ solution brings together software from across its portfolio that help operators and manufacturers manage their supply chain, operations and process optimisation across major industries including refining, petrochemicals, metals, mining and materials, food and beverage, consumer packaged goods (CPG), water and wastewater. It helps operators drive efficiency, make better and faster decisions, reduce cost and create new opportunities across the operations value chain.
“Companies are dealing with a legacy of disconnected processes and working to bridge them to create end-to-end visibility is the foundation for operational digital transformation,” said Harpreet Gulati, head of planning and operations, AVEVA.
“Value Chain Optimisation presents a unique opportunity to orchestrate all business and operations activities across the supply chain from feedstock acquisition, planning, scheduling, operations and distribution. AVEVA’s Value Chain Optimisation solutions have enabled organisations globally to transform their operations, by improving refining margins by up to US$0.70/barrel, improving mining asset utilisation by 20 per cent, reducing water use by 30 per cent and improving productivity by 20 per cent in food processing.”
Industrial operations have grown over the last 20 years with poor integration from a legacy of point solutions involving manual data transfer or custom software which has resulted in operational silos across the value chain. AVEVA’s strategy helps organisations address these challenges and create a collaborative environment instead of business or process silos. In this way, the operations lifecycle can be managed in a comprehensive, flexible and connected manner that brings transparency to the decision-making process across the value chain.
AVEVA’s Value Chain Optimisation is deployed by several multinational companies globally:
· Abu Dhabi National Oil Company (ADNOC) recently reported benefits of US$60-100mn from integrated production planning
· BP Plc has cut crude purchase decision time from two days to less than two hours
· New Belgium Brewing has decreased downtime by more than 50 per cent and increased the efficiency of scheduled run time 25-30 per cent
· Roy Hill worked closely with AVEVA to develop a greenfield iron ore mining site, connecting the entire value chain with industry-leading efficiency from pit to port
“Market volatility, demand fluctuations and competitive pressure are driving industrial operators to become more global and vertically integrated as they seek ways to continue to create efficiency, take cost out or identify new opportunities to drive organisational profitability,” commented Gulati.
“AVEVA’s Value Chain Optimisation solutions, combine Cloud technology and Digital Twin innovations with analytics to help operators break down silos and foster better collaboration, enabling our customers to realise the benefit that comes with unlocking their value chain.”
