Aiming to offer supply chain optimisation solutions for oil companies, AGS Transact Technologies, the system integrator and automation solution provider, announced that it has entered into a partnership with Germany-based Implico Group, a consulting and software company, which specialises in offering downstream business process optimisation for oil companies.
Technology has played an important role in the petroleum industry since 2004. Oil marketing companies have realised the importance of automation to provide better service to customers. Automation drive of OMC’s has ensured delivering quality and quantity assurance to customers.
Currently, oil companies in India are going through a tough task of maintaining positive margins in a very volatile market of crude prices and increasing distribution cost. Oil companies also need to be prepared for dynamic pricing scenarios for the coming future. Hence, the immediate need is to have a complete real time visibility of sales and inventory for accurate demand forecasts. Integration of different systems and disparate data to provide single consistent view and information to the oil company management thus forming a strong foundation for effective decision making.
AGS has entered into a partnership with Implico to address the future needs of the downstream distribution supply chain for the petroleum retail business in India. Satish Zope, Senior Vice President – Petroleum Business, AGS Transact Technologies said, “AGS Technologies is honoured to partner with Implico, the leading supply chain optimisation solution providers in the world. Most oil companies in India have started to realise the large benefits by integrating the supply chain and optimising across the enterprise. With global experience and expertise of our partner Implico, we are confident of working with Indian oil marketing companies. For being an efficient and single window for providing solution which will enable Oil company to achieve effective Refinery to Outlet integration of IT applications as also the business processes.”
“We were looking at India as our next market, and realised that we needed a really strong partner to penetrate the Indian market. AGS produces truly outstanding results, is familiar with the Indian oil market, and has excellent contacts with the key players in the industry. We believe we have found our perfect partner in AGS. In future, AGS will be our local point of contact in India,” said Michael Martens, Managing Partner, Implico Group about the partnership.
Implico will contribute innovative software solutions and global expertise in downstream logistics to the new partnership. The software solution platforms that Implico has developed are OpenTAS and SAP OGSD.
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Updated Date: Feb 02, 2017 23:50:08 IST