Study spots downstream supply-chain improvements

A recent global benchmarking study on petroleum supply-chain efficiency reveals that refiners have not kept pace with other industries in this area. Accenture’s benchmarking study, which includes 14 global integrated major companies and regional mid-tier companies, shows that the downstream energy industry lags in many areas when it comes to supply-chain excellence compared to retail and other industries (Fig. 1). Click here to enlarge imageAlthough the study found “pockets” of leading practices, the downstream petroleum supply chain has a relative lack of analytical sophistication, organizational alignment, information integration, and technological sophistication. Thi...

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