Quintiq, the supply chain planning and optimisation (SCP&O) solutions provider, has announced that Marquis, Inc. is rolling out Quintiq 5.0 across its crude oil business. The platform, configured to optimise the transportation of crude oil across Marquis' supply chain, deployment began in July and will be completed by the end of 2013.
Marquis operates a rail-to-barge transfer system transporting crude oil from origins in the United States to multiple destinations along the Mississippi River System. The company has a fleet of rail cars and barges with 550,000 barrel storage capacity and a 24-hour unit train transfer system. The challenge of balancing increasing demand from multiple customers, resource capacity limitations and handling large volumes of crude oil creates an intricate planning puzzle.
The Quintiq 5.0 platform will automate planning functions across the organisation to optimise the quantity of crude oil transported via the rail terminal-barge and port systems. Marquis will benefit from the Quintiq platform through increased planner independence and a more efficient crude oil logistics supply chain.
"We require a SCP&O platform that would provide unprecedented supply chain visibility, enabling us to make informed decisions based on reliable insights into the past, present and future of our operations, critical to competing in today's volatile market," said Mark Marquis, CEO at Marquis Inc. "Quintiq has an outstanding track record in the industry and we are looking forward to using 5.0."
"Our work with Marquis brings us closer to solidifying our SCP&O leadership position in the oil and gas supply chain marketplace," said Dr. Victor Allis, CEO of Quintiq. "We have built industry solutions tailored to the unique planning requirements of the industry and are excited to be working with Marquis."