Commodity Business Operation Lifecycle
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Digital Transformation

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Enhancing Performance to Stay Market-Ready

90% Time Savings in Inventory Management with Digital Transformation Solution

Performance Challenge

A major petroleum company had several manual issues that led to incorrect inventory balances. Users manually updated inventory balances across storage facilities, relying on RightAngle data. This process was error-prone and time-consuming, especially during month-end closing. It required several employees to spend several hours daily, with additional hours to correct discrepancies. Inventory data was also manually transferred from RightAngle to Excel daily, lacking automation for efficiency.

Value Creed’s proposed solution approached these challenges with our proprietary digital transformation strategies. The business can now make the current process efficient for the users by reducing manual efforts, improving accuracy, providing timely information, empowering better decision-making, and generating cost savings for the business.
Value Creed Enhances Inventory Management with Digital Transformation Solution

KEY RESULTS

$280,000

Annual Cost Savings

Automated inventory data comparison, reconciliation, and distribution.

90%

       Time          Savings

Efficiency achieved by automating manual inventory management tasks

A Strategic Approach to Project Success

Our team of experts invested time in understanding the business’s needs and challenges, creating a solution featuring four specialized jobs: Physical Inventory Interface, Terminal Inventory Recon, Auto-Agree, and Third-Party Inventory Outbound. These jobs automated data comparison, updates, reconciliations, and scheduled report distribution.

Additionally, we developed custom reports updated by these jobs. This solution saves significant time and money by automating manual inventory tasks (estimated at 18-21 hours daily) and digitally transforming the inventory reporting system. To address the business needs, we delivered a comprehensive solution to achieve the desired results through the following services.

Advisory Services

Business Analysis
Our team assessed the client’s business needs, gathered information, and analyzed data to identify areas for improvement.
Solution Design
We created a solution design that met the client’s requirements and incorporated best practices for digital transformation.
Project Management
We managed the project to ensure timely completion within budget and meeting client requirements.

Digital Transformation

Custom Reports and Jobs Development
We developed custom solutions in RightAngle to automate and streamline the client’s business processes.
Data Integration
We integrated data from multiple sources and developed data integration solutions to ensure data accuracy and completeness.
Quality Assurance and Testing
We ensured the quality and reliability of the developed solutions through rigorous testing and quality assurance processes.

Value Creed Services Mobilized

Advisory

Advisory Services

Our advisory services will guide your operations and help you achieve your vision, considering all stakeholders. With extensive lifecycle, functional, and technical expertise, our experienced team delivers frameworks and guidance for building reliable and scalable commodity trading businesses.
Implementation

Digital Transformation

Obtain the most appropriate and useful data for your specific needs! Value Creed offers a range of services to support you during your data transformation journey. With expertise in data integration, reporting, and performance optimization, we assist in ensuring that your data is optimized for analysis, visualization, and validation.

Key Takeaways

Value Creed offers a full suite of services to provide a comprehensive solution tailored to meet client’s needs and enhance their business processes. With our RightAngle customizations, users could streamline the inventory reporting process with the help of detailed insights into their inventory positions. Our customizations’ real-time reporting capabilities helped manage inventory positions and mitigate any potential risks proactively. This digitally transformational approach resulted in substantial cost savings and time, reduced manual efforts, improved accuracy, and provided timely information. Additionally, the ongoing support from Value Creed ensured the continuous value delivery to the business.

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