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Inventory Management

Resolution's Inventory solution provides complete management of stocks. It stores actual and planned stock levels by category and location. It handles stock ownerships and compositions. It can manage strapping tables and perform inventory calculations including all API tank and volume corrections.

Features

  • Manages topology of the tank farm and tanks.   Reports adapt as the topology of the tank farm changes. For example, the addition of a new tank does not require the reports to be rewritten. The same report can be used for all tank farms: the report deduces from the database 'model' the inventory items in the tank farm.


  • Accounts for non-tank storage locations    Can take into account inventory within pipelines, operating vessels such as distillation towers, etc. Provides a more accurate status of inventory.


  • Multiple tank quantities and qualities can be defined.   Not limited to defining one or two quantities or qualities for each movement segment.


  • Tank quantities and qualities can be fixed values, time varying values or calculations.    Temperature, gravity, and pressure correction of tank quantities according to API or any other standard. Tank corrections can use 'static' properties of the tank such as roof weight. Include tank-strapping tables within tank equations.


  • Manage multiple versions of the tank's quantities, and qualities.    Allows comparison of planned, scheduled, actual, and reconciled tank quantities, and qualities.


  • Full batch and lot tracking.    Allows tracking of batches and lots. The same lots is allowed to reside in multiple locations and multiple lots can reside in the same location. See Batch Tracking.


  • Automatically rolls up inventory by area, commodity or any other 'dimension'.    All inventory information is calculated dynamically, reflecting the latest information.


  • Automatically takes care of the units-of-measure conversion between different measurements.    Eliminates hard-to-find problems due to incorrectly reported or inconsistent units-of-measure.


  • Manages tank strapping tables.    Allows for an indefinite number of 'strap' points. Changes to strapping table can be audited.


  • Allows multiple commodities within the same tank at any time.    Inherently tracks composition, such as in the case of a stratified crude tank. Can track discrete and fractional ownership.
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Batch Tracking
Data Reconciliation
Document Indexing
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Inventory Management
KPIs
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Movement Management
Planning & Scheduling
Production Management
Recipe Management
Shipping Management
Yield Accounting
FAQ



Viewing of Data

The contents of a tank (planned or actual) over time can be viewed and managed via the Item-Commodity Editor. Compositions can be tracked over time.

Strapping tables can be maintained in the look-up table editors.

Detailed information about a vessel and its contents can be displayed using the Resource Criteria Viewer. Values from real-time systems, design specifications and calculations are displayed together.

All data, regardless of their source can be plotted over time using the List Resource Trender application.

Inventory Reporting

RESOLUTION provides extensive reporting capabilities allowing virtually any report to be created from the database views. These views resemble data warehouse 'fact' tables. Because Resolution uses a pure SQL database, any SQL compliant reporting tool can be used. Reports shown below are generated directly from the database using XML and XSLT. Resolution also supplies BusinessObject Universes.

The Tank Volume Summary report compares opening, closing, receipts and shipments associated with a single tank. The period can be run for any period. The database is able to deduce the proportion of any receipt and shipment that must be taken into account. If the movement is measured by a flow instead of a quantity, Resolution will automatically accumulate the quantity of the required period. Any one of the properties of the tank can be chosen as the basis of the report: gross or net mass or volume or any other defined property. Resolution automatically takes care of the units-of-measure conversion between different measurements.

The Plant Inventory report catalogs the property or properties of a tank at any time. The plant model within the database deduces which tanks should be taken into account. Any one of the properties of the tank can be chosen as the basis of the report: gross or net mass or volume or any other defined property. Resolution automatically takes care of the units-of-measure conversion between different measurements.

The Tank Volume Balance report is based on the Tank Volume Summary report. However, it totalizes all receipt and shipment movements over the report period.

The Plant Inventory by Commodity report catalogs the property or properties of a tank at any time. The plant model within the database deduces which tanks should be taken into account. Any one of the properties of the tank can be chosen as the basis of the report: gross or net mass or volume or any other defined property. Resolution automatically takes care of the units-of-measure conversion between different measurements.

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