Web*VMI

Web*VMI™ is a cloud-based service designed for Vendor Managed Inventory, providing secure methods for collecting, transforming, and sharing data between multiple sources and destinations. It enables customers to securely store and share plant inventory, production, and demand/supply data on the cloud, facilitating an automated supply chain.

The service is part of Yokogawa and KBC's Operational Excellence Transformation, which offers comprehensive solutions for business automation through consulting and digital technology. Web*VMI™ focuses on supply chain optimization by aligning corporate strategies with operations and maintenance, aiming to improve supply chain management through digitalization.

Key Operational Competencies in Supply Chain Optimization

• Term Contract Planning: Evaluating long-term contract obligations commercially and economically.
• Supply Chain Planning: Optimizing the hydrocarbon supply chain economically across various time horizons.
• Price Deck Formulation: Generating price forecasts for feedstock and products.
• Supply Chain Scheduling: Scheduling optimized operations considering logistical constraints.
• Commercial Contracting: Developing competitive contract terms for feedstocks and products.
• Inventory Management: Measuring and reconciling product and raw material balances.

Yokogawa's strategy involves digitalizing operations from supply to distribution, aiming for Just-in-Time manufacturing and delivery with minimal inventory. This approach enhances customer and supplier experiences, extends optimization horizons, and improves information mobility and predictive insights.

Web*VMI™ also addresses challenges such as excess inventory, minimizing material inventory, and reducing labor costs related to inventory management. It provides an exclusive platform for inventory monitoring, alert setting, and data sharing between customers and suppliers, allowing suppliers to adjust material provisions based on plant inventory status.

Benefits

• Maintains supply sustainability to the market.
• Increases supply chain efficiency.
• Reduces excess inventories by 30-60%.
• Decreases delivery costs by 5-25%.

By integrating Yokogawa’s products with KBC’s consulting services, Web*VMI™ empowers customers to enhance operations and achieve continuous improvements in safety, reliability, and operability.