RADNOR, Pennsylvania, August 15, 2013 /PRNewswire/ --
Quintiq 5.0 to advance planning processes via planning functions automation
Quintiq, a global leader in supply chain planning and optimization (SCP&O), announced today that Marquis, Inc. is rolling out Quintiq 5.0 across its crude oil business. The platform, configured to optimize 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 organization to optimize 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"
About Marquis Inc.
Marquis, Inc. provides crude oil logistics & trading services from the Bakken Origin to points south. Its unique business model enables the most efficient and cost effective distribution services. For more information: http://www.marquisenergy.com
Every business has its supply chain planning puzzles. Some of those puzzles are large. Some are complex. Some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning & optimization software platform. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize employees, logistics and production. Quintiq has headquarters in the Netherlands and the USA, and offices around the world.
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