Introducing FuelSync AI
FuelSync AI is an advanced solution designed to optimize the fuel supply chain within the oil and gas industry. Utilizing cutting-edge artificial intelligence and machine learning algorithms, FuelSync AI provides real-time analytics, predictive maintenance, and enhanced logistics coordination. This platform ensures efficient fuel distribution, reduces operational costs, and enhances decision-making processes.
V2T EFFECTIVELY MANAGES:
Variable Manufacturing Rates​
Profit Calculations​
Multiple Petroleum Products​
Supply & Customer Locations​
Depots
Network Travel Times​
Owned & Charted Vessels & Costs
Variable Vessel Compartments​
Customer Demand Ranges​
Schedule Simulation​
Find out why our biggest clients are using V2T's Digital Twin, AI & Simulation Technology to optimize their supply chain:
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OIL & GAS SUPPLY CHAIN OPTIMIZATION DIGITAL TWIN
We have tackled one of the toughest challenges in the Oil & Gas industry. Our AI-driven digital twin solution is designed to create super optimized schedules for petroleum product supply chains, ensuring maximum profit and efficiency on a global scale.
THE PROBLEM
The global product supply chain network for petroleum products in the oil and gas industry presents a highly complex optimization challenge. This intricate problem involves coordinating the movement of various petroleum products from production sites to end consumers across the world, while maximizing profits and adhering to numerous constraints.​
At its core, the problem revolves around efficiently managing the flow of products through a network that includes oil fields, refineries, storage facilities, ports, and distribution centers. The goal is to determine the optimal delivery schedules that maximize overall profitability while satisfying demand and meeting operational constraints.​
Key factors that contribute to the complexity of this problem:
PRODUCTION RATES
Oil fields and refineries have varying production capacities and rates, which can fluctuate based on maintenance schedules, market demands, and geopolitical factors.​
TRAVEL TIMES
​The time required to transport products between different points in the network can be affected by factors such as distance, weather conditions, and geopolitical issues.
CHARTERED VESSELS
The use of chartered vessels adds another layer of complexity, as their availability and terms can change, affecting overall transportation costs and schedules.
DEMAND VARIABILITY
Customer demand for different petroleum products can fluctuate based on seasonal factors, economic conditions, and regional preferences.​
MULTIPLE PRODUCTS
The supply chain must handle various petroleum products with different characteristics, storage requirements, and market values.​
STORAGE COSTS
Petroleum products must be stored at various points in the supply chain, incurring costs that vary by location, product type, and duration.
VESSEL CAPACITIES & COSTS
Different types of vessels (e.g., oil tankers, barges) have varying capacities and associated costs. The fleet composition and availability can significantly impact transportation decisions.
PRICE VOLATILITY
The prices of crude oil and refined products are subject to frequent fluctuations, impacting profit margins and influencing production and distribution decisions.​
REGULATORY CONSTRAINTS
Environmental regulations, import/export restrictions, and safety requirements can limit transportation options and affect costs.​
GLOBAL SCALE
The international nature of the industry introduces additional complexities related to currency exchange rates, trade agreements, and geopolitical risks.​
WHAT IS NEEDED
Optimizing this supply chain requires sophisticated mathematical models and algorithms that can process vast amounts of data and account for these numerous variables and constraints. The goal is to create a robust, adaptable system that can efficiently respond to changes in market conditions, operational disruptions, and demand fluctuations while maximizing overall profitability.​
PROBLEM-SOLVING
Handles the full complexity of the problem​
INSTANT RESULTS
Produce result in minutes​
INCREASE PROFITS
Maximize profits by millions​ of dollars
EFFICIENT
Reduce planning times​
REAL-TIME OPTIMIZATION
Can respond to changes and re-optmize​
WORLDWIDE
Handles a global network​
Book a demo
& start cutting costs.
