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Advanced Process Control for the Refining and Petrochemical Industry
OSIsoft & Industrial Evolution Team on VMI
The Shared Inventory Management Service for optimizing inventory management
in manufacturing companies is a Web-based Vendor Managed Inventory (VMI)
service that combines the capabilities of OSIsoft's ProTRAQ inventory
management software with hosting services from Industrial Evolution. The
Shared Inventory management Service collects raw inventory data from
proprietary field loctions and delivers it securely as validated inventory
measurements and calculations across the Web. The data is updated in
real-time, continuously providing the latest inventory information to both
the customer and supplier companies. ProTRAQ uses the validated
measurements and calculations to monitor actual usage rates, refill times,
and shipment/receipt reconciliation data. It then presents this information
on secure Web pages along with relevant information from the corporation's
ERP system.