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HomeProcurementEffective Procurement using RFID Technology for Oil Storage Terminals

Effective Procurement using RFID Technology for Oil Storage Terminals

Oil storage terminals are facilities for storing crude oils and petrochemicals products worth billions of dollars. Terminals operators are facing stiff competitions within the industry, they are pressurised to optimise their storage tanks to operate efficiency and maximise storage capacity. Furthermore, they are required to hit the performance and safety levels required by customers, as well as regulatory agencies.

Importance of Effective Procurement

Procurement holds an important role in oil storage terminal, Effective Procurement helps in keeping operational costs down and can be strategic for a business to be able to optimally utilize its resources. It also helps with quality control and product categorisation, ensuring on-time delivery on site and cost saving (without jeo pardising quality and safety).

Within the oil storage terminal business, procurement costs can be huge owing to the size of the business itself. Even slight changes can show a significant difference in the operating costs. Thus, to improve the efficiency of procurement in the oil storage terminal, incorporating automation and digital technologies is crucial. I shall discuss RFID technology in warehousing control and control of maintenance and inspection.

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Seah Shiow Ling, PDPM
Seah Shiow Ling has substantive years of work experiences, and in recent years specifically in the field of procurement for oil storage terminals. Shiow Ling is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM), and she completed the Professional Diploma in Purchasing Management (PDPM) on September 2019 at SIPMM Institute.

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