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INTERNATIONAL JOURNAL OF INNOVATIONS IN APPLIED SCIENCES & ENGINEERINGInternational Peer Reviewed (Refereed), Open Access Research Journal (By Aryavart International University, India) E-ISSN:2454-9258 | P-ISSN:2454-809X | Estd Year: 2015 Impact Factor(2021): 5.246 | Impact Factor(2022): 5.605 |
Lakshmi Narasimha Raju Mudunuri
Vol 10, Special Issue 2024
Page Number: 010-018
Abstract:
The production capacities of crude oil suppliers, lengthy lead periods for delivery, the constraints of available means of transportation, and the demands of energy planning and management all contribute to the oil industry's highly rigid logistics network. In managing supply chains, the paper examines the critical elements that can lower expenses and boost profits: demand management; effective petroleum product distribution to clients; improved transportation scheduling; warehouse management; and timely and high-quality information provided by supply chain automation. Additionally, this idea is implemented within the framework of supply chain management, which is the logistics concept of supply chain coordination. The benefits of supply-chain management deployment are also covered in the article. Supply-chain management can be used in the oil business to lower costs, enhance The company's earnings from supply management and delivery scheduling.