Aspen Retail™

Enterprise-wide solution for inventory management and truck transportation optimization, enabling visibility and flexibility across the supply chain

Aspen Retail is a solution designed to meet challenges related to order management, demand forecasting, fuels inventory management, replenishment planning, transportation scheduling, and delivery execution management. This automated and integrated solution lowers the cost of operating a supply chain, improves return on assets, and maximizes margins. Aspen Retail is a key component of aspenONE™ Supply and Distribution for Refining and Marketing.

Features

Aspen Retail is a flexible and modular solution that can be implemented separately as individual components, or together as a fully automated and integrated solution.

  • Automated Stock Replenishment (ASR). A proprietary application that leverages a proven method of integrated demand forecasting, proportional inventory management, and automatic order generation to create automatic replenishment plans.
  • Resource Scheduling Optimization (RSO). Uses rapid recursion and advanced mathematical heuristics to generate the absolute lowest cost-per-volume-delivered schedule that is operationally feasible given all costs and constraints. It provides transport/driver management and scheduling availability, constraint-based restrictions, cost management and optimization, optimized product sourcing, and financial and operational scorecards.
  • Aspen Voice Fulfillment Management™ (VFM). A seamlessly integrated interactive voice response (IVR) system that supports a variety of customer fuels logistics requirements, such as order management, automated stock replenishment, delivery confirmation and reconciliation, and other automated telephonic logistics information. It is directly integrated with the core logic of ASR and RSO engines so that dataflow is real-time and no other systems interfaces are required.
  • Aspen Web Fulfillment Management™ (WFM). A secure, customer-specific web portal that provides a complete set of CRM and logistics capabilities. These capabilities include 24/7 access for all customers wishing to place, modify, cancel, or check the status of orders, check inventory status and site-specific demand forecasts, enter sales and inventory information, view logistics reports, track shipment status and order ETAs, modify collaborative demand forecasts, and view key performance indicators (KPIs) and more.

Benefits

  • Reduced Run Outs, Excess Inventory and Working Capital. Create demand forecasts, manage petroleum product inventories, and create automatic replenishment plans using AspenTech’s proprietary Automated Stock Replenishment (ASR) capability.
  • Improved Customer Service. Reduce run outs and no-fits with AspenTech’s proprietary Voice Fulfillment Management and Web Fulfillment Management capabilities. Improve delivery execution and lower distribution costs with the Fleet Operations Management capability. Enhance operational coordination between logistics and credit, and reduce operational overhead requirements, using the Customer Order Credit Management capability.
  • Quick and Automatic Truck Scheduling. Use AspenTech’s proprietary Replenishment Scheduling Optimization (RSO) capability to develop schedules that ensure the use of the mathematically optimal, lowest cost, and operationally feasible distribution schedule.
  • Reduced Transportation Costs. Use best-in-class vehicle and routing optimization to choose the financially optimal transportation option. Analyze “what-if” scenarios.
  • Improved Operations and Lower Distribution Costs. Track and manage KPIs using financial and operational scorecards.

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