The Major Oil Marketers Association of Nigeria, (MOMAN), has challenged operators in the Nigerian downstream sector on the automation of their services for data generation, improve product delivery storage utilization and profitability.
Speaking during a virtual workshop on world international data day on Friday, Executive Secretary of MOMAN, Mr Clement Isong, noted that Data on product (refined fuels & lubricants) demand can streamline operations, improve product delivery, storage utilization, and your bottom line.
Automation guarantees track inventory levels, monitoring logistic routes, and analyzing customer demand (daily demand forecasts) in order to prevent stockout
“By collecting and analyzing data on production, refining, distribution, and sales, companies can identify inefficiencies, reduce costs, eliminate leakages, and improve overall performance”
Isong said that automation will ensure transparency and boost excellent customer service, eliminate fraud, and corruption and clean up the reputation of the industry.
“Our position in MOMAN is that we arelooking for the automation of the entire supply chain. It will mean everybody needs to invest in order to optimise their businesses”
Lead Political analyst, Ikponmwosa Aikhionbare said: “Ghana launched the Bulk Road Vehicle Tracking System (BRVTS) to track the movement of petroleum products from depots to retail outlets in Ghana. The system uses GPS technology to monitor the location, speed, and fuel consumption of trucks transporting petroleum products.
“In India, the government has implemented a system called the Automated System for Oil Movement and Storage (ASOMS), which tracks the movement of petroleum products through the supply chain. The system uses data analysis to monitor product quality and identify potential issues before they cause defects or safety hazards”