VC logo

Business Improvement using Railcar Integration & Tracking in RightAngle

Performance Challenge

Achieving a competitive edge requires agility and seamless data integration. This case study details how we revolutionized railcar integration and tracking for a top energy trading firm. The client encountered significant operational challenges in managing the in-transit inventory across 80-100 railcars. Manual tasks consumed 10-12 hours of labor due to the absence of an automated and integrated railcar management system. Implementing our suggested solution reduced manual entry, costs, errors, and improved inventory and service efficiency.

Our solution prioritized Inventory Management, reducing stockouts, optimizing resources, and enhancing financial reporting precision. It’s adaptable to market shifts, improving cash flow visibility for efficient working capital management.

KEY RESULTS

10-15% Annual Cost Savings

In-Transit Inventory Management

3000+ Record Tracking

Efficient Time Management – Records processed within 10-15 minutes

Streamlined Railcar Operations

Automates updates to railcar orders and movement status 

Improved Risk Management

Market Risk, Credit and Replacement Risk, In-transit Inventory Risk

Scalable Infrastructure

No extensive reconfiguration is required

Improved Operational Efficiency

Reduction in manual data entry

Optimizing Operational Efficiency

Value Creed suggested a customized solution that utilized RightAngle’s advanced features, including custom tasks, reports, and integrations.The strategy was centered on using Car Location Messages (CLM) to automate data flow between external railcar tracking systems and RightAngle. This ensured accurate, real-time updates on railcar locations and statuses, streamlining operational workflow. The implementation phase included several essential components: 

Creating Custom Interfaces: Developing interfaces to connect RightAngle with external railcar tracking systems.

Data Mapping and Transformation: Ensuring smooth data exchange across different systems, formats, and standards.

Automating Data Updates: Setting up workflows for real-time data updates in RightAngle to minimize manual errors.

Customizing Scheduling: Tailoring scheduling for railcar tracking to improve transaction settlement tracking.

Ensuring Quality: Implementing rigorous testing protocols to ensure system reliability and accuracy.

Planning for Scalability: Designing solutions with scalability in mind to accommodate future business growth and changes.

Value Creed Services Mobilized:

Expertise on Demand

Expertise on Demand

Unlock operational effectiveness and elevate the efficiency and reliability of your database through Value Creed’s services. Optimize performance with fast and accurate data extraction, reconciliation, calculation, and reporting.

Key Takeaways

In our approach to addressing operational challenges around practical railcar integration and tracking, we prioritize efficiency, reliability, and scalability. For instance, our focus has been on improving in-transit inventory management, as our clients typically handle around 80-100 in-transit railcars per month, totaling 1-1.5 million gallons of volume. With our solution, we’ve achieved significant cost savings of 10-15% annually on in-transit inventory management.

Through our emphasis on efficient inventory management, precise timekeeping, streamlined operations, and improved risk management, our team addresses current market complexities while paving the way for the client’s sustained success and future growth in a dynamic market environment.

Recommended Resources

Do More With Your CTRM

Customize & improve business processes with Value Creed’s Implementation Services