DTN, a information services company, is partnering with Phillips 66 to improve communications and streamline processes, saving them valuable time and resources. DTN is highlighting its work with Phillips 66 and showcasing its DTN TABS solution at StocExpo 2018, which Phillips 66 is using to address key industry challenges.
Phillips 66 is an energy manufacturing and logistics company. With a portfolio of midstream, chemicals, refining, and marketing and specialties businesses, the company processes, transports, stores, and markets fuels and products globally.
A key challenge for Phillips 66 is meeting customers’ needs for up-to-date information. Failing to meet those needs could potentially lead to customers incurring higher costs associated with extended waiting times at terminals, wasted trips, more administration from frequent phone calls to terminals, and confusion around product allocations or available credit.
DTN Solution and Impact
Phillips 66 chose to invest in DTN TABS® — a proven solution that the company had already been using in the US for years — at its core terminal locations in the UK. This solution delivers live online product allocation that provides suppliers like Phillips 66 with real-time credit and product allocation management capabilities.
DTN TABS addresses the challenges Phillips 66 is facing, and also provides better access to its own account details. This shared portal improves communication between all parties and enables more effective and efficient customer transport scheduling.
DTN TABS uses a traffic light system to enable Phillips 66 customers to clearly see what product is available. The system is updated within minutes once drivers lift product from Phillips 66 terminals, providing real-time, accurate information and the live feed clearly shows what product is available at any given time.
Monthly product allocations are based on the forecast that customers have agreed on with their dedicated Phillips 66 account teams. This figure is then used to create daily, weekly, and monthly lifting limits, with appropriate percentage uplifts above forecast.
Given the sensitive nature of the data held on DTN TABS, the solution is designed to protect confidential information by using customised views with three different levels of access. Customers are also able to set up email or text alerts so they can be notified when an allocation is nearly exhausted or credit limits are reached. DTN enables Phillips 66 to put its customers in control and help them make more informed decisions about their trucking operations.
DTN also helps Phillips 66 operate its terminals more effectively. The solution offers full visibility on allocation levels, a particularly useful tool for running multiple depot operations. It also enables employees to increase allocation requirements at any time of day or night via the My Phillips 66 app.
DTN is a complete digital hub for the downstream oil and gas industry. By providing a common platform for the downstream to communicate shared data, DTN gives customers the control and knowledge that they need to help their business thrive in an increasingly automated world.
Read the article online at: https://www.hydrocarbonengineering.com/product-news/21032018/dtn-partners-with-phillips-66-to-streamline-business-processes/