Mobility Matters: Reduce Downtime And Better Manage Inventory In The Petrochemical Industry

Regular fluctuations in crude oil constantly apply pressure to profitability in the petrochemical industry. At the same time, environmental regulations in this sector are rapidly moving towards the level of stringency found in highly regulated industries such as pharmaceutical, translating into additional data collection requirements — and costs. And while the large machinery and pipelines used to produce and refi ne the crude oil are critical to the health of the business, they are very costly to manage and maintain.

In order to remain competitive, petrochemical companies are constantly examining processes for a means to increase efficiency and reduce costs. Enterprise mobility solutions cannot affect the cost of the crude oil, but they can eliminate the inefficiencies associated with the many double manual processes (collection of information via paper and pen that is then entered into the computer) typically utilized in inventory management, asset maintenance and environmental compliance, with a positive impact on profitability.