Intelligent Supply Chain in Oil & Gas Industry

Digital transformation is emerging as a driver of sweeping change in the world around us. Connectivity has shown the potential to empower millions of people, while providing businesses with unparalleled opportunities for value creation.

Oil & Gas industry has always played a pivotal role in the economic transformation of the world and the industry has started redefining its boundaries through fast emerging digital technologies.

Supply chain which is the most important component of Oil & Gas industry is undergoing substantial change as information system and communication technologies are offering powerful tools for advance planning and integrating the activities across the entire value chain.

It has presented us with enormous potential for increased collaboration to reduce inefficiency by synchronizing planning and execution processes across all supply network operations including refining, pipelines, supply hubs, retail outlets, gas agencies and carriers to end consumers. We are moving towards smart supply hubs/oil terminal/depots, which won’t just be huge oil installations, but will function as IoT-driven nodes in the large digital supply chain network of IOCL.