ASCI secures ConocoPhillips global inventory optimization contract

Alaska-based Asset Management Services (AMS), a subsidiary of Advanced Supply Chain International (ASCI), announced on Monday the finalization of ConocoPhillips' purchase of the robust Oniqua Analytics Suite (OAS) - Inventory software solution. The software, purchased after ConocoPhillips' trials at three of their largest upstream sites (Alaska, Indonesia, and the North Sea), has performed above expectations, providing rapid ROI exceeding 400%.

OAS - Inventory was developed by Australian-based Oniqua Enterprise Analytics, and is specifically designed for asset-intensive industries such as oil and gas. ASCI will install OAS - Inventory at 25 ConocoPhillips production and refining facilities worldwide.

This application delivers a tremendous return on investment by right-sizing inventory based on maintenance, inventory, and procurement data, and applying the world's leading techniques for inventory optimization. The optimization algorithm has demonstrated proven inventory reduction results of 15-25%.(alex)