Lifting control solution enhancements offers suppliers the ability to forecast at the product level and easily integrates with back office
DTN, a leading information services company, announced today enhancements to its petroleum products lifting solution, DTN TABS, which is used by proprietary and third-party terminals to manage volume control and credit limits.
DTN TABS is the leading lifting control solution, offering complete support in business processes from forecasting to credit management. DTN TABS improves efficiency for suppliers by maintaining appropriate inventory and streamlining billing processes. More importantly, it improves the suppliers bottom line by assisting them in making informed business decisions. Users can collaborate with customers to improve forecasting accuracy, anticipate product demands, and manage inventory. Based on this information, they can adjust their sales strategies accordingly.
Suppliers need the ability to forecast product demands at the rack. The newest version of DTN TABS allows users to forecast volume at a detailed customer and product level, but summarize the results to allocations at a higher level. Forecasting at this granular level is important to suppliers because it gives further insight into the customer’s needs and improved allocation management. It also improves customer relations as the supplier and customer can collaborate and communicate directly about proposed lifting targets at a new level.
DTN TABS enhancements also include improved export features to simplify integration with external ERP forecasting tools. Suppliers are able to access the data from DTN TABS easily in their back office with their existing infrastructure because of improved APIs.
DTN is the premier downstream oil and gas automation provider, working continuously to develop new offerings that meet customer needs. Through tight-knit relationships with its customers, DTN is able solve their challenges and the forecasting module enhancements are a direct result of collaboration with one of the world’s top five oil and gas companies.
Also seen in Fuels Market News.