Tennessee Valley Authority Selects Oniqua MRO Analytics for Inventory Optimization
Largest US public power provider to enhance supply chain operations with Oniqua Analytics Solution
DENVER –Â Oniqua MRO Analytics (Oniqua) a leader in analytics-based MRO optimization for asset-intensive organizations, today announced that Tennessee Valley Authority (TVA) has chosen Oniqua Analytics Solution (OAS) to optimize maintenance spares inventories across its operations. TVA is the largest public producer of electricity in the United States, providing wholesale power to 155 municipal and cooperative power distributors, and directly serving 57 large industries and government installations.
"We're excited and honored that TVA has decided to work with Oniqua and use OAS to optimize their spare parts inventories," said Lindsay Clarke, President of the Americas, Oniqua. "Like the many other large energy and natural resources companies around the world that use OAS to improve reliability and cost management by optimizing spare parts inventories, we look forward to supporting TVA's operational goals and their renewed vision to be one of the nation's leading providers of low-cost and cleaner energy by 2020."
TVA generates electrical power for nine million people across an 80,000 square mile territory that includes most of Tennessee and parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina and Virginia. To ensure its ability to supply reliable, competitively priced power, TVA operates fossil-fuel, nuclear, and hydropower plants, as well as producing energy from renewable sources.
OAS leverages intelligent analytics technology to help asset intensive organizations optimize their maintenance and supply chain operations. For inventory optimization, OAS provides greater inventory performance visibility; helps customers optimize consumable and critical spares levels; and enables them to better manage obsolete and surplus stock disposal - key capabilities aligned with leading business drivers for TVA and other supply chain organizations.
According to a recent Gartner research report[1], replenishment of warehouse inventories and using analytics to manage excess and obsolete inventory were cited by survey respondents as the top two most important technically-enabled capabilities for inventory management.
In the report, Gartner research director Paul Lord recommends that companies, "Provide the inventory visibility needed to support operating decisions in the context of demand; create a comprehensive supply chain measurement capability that allows inventory performance to be compared with service and cost metrics; and use visibility, analytics, and clarified processes and roles to actively manage and resolve excess, slow moving and obsolete inventory situations."
"Utilities are finding themselves awash in data about work order history, asset conditions, spending trends, inventory usage, etc.," stated Andy Flores, partner and Supply Chain Practice Lead, ScottMadden, Inc., a general management consultancy. "Adopting and integrating the right analytics technology and skill sets to transition this data into actionable information is becoming a critical competency for utilities to provide long-term value for their stakeholders."
TVA will leverage OAS through Oniqua Cloud, and is expected to be in full production by end of 2013.
About Oniqua MRO Analytics
With operations in the Americas, Africa and Asia-Pacific regions, Oniqua is the world's leading MRO (Maintenance, Repair and Operations) analytics software company. Oniqua helps organizations maximize profits, savings and efficiencies by minimizing MRO waste, and delivers a positive return on investment in as little as three to six months. Oniqua Analytics Solution (OAS) leverages customers' transactional data by applying advanced analytics to identify inefficiencies and ensure that their maintenance, inventory and procurement operations run as efficiently as possible. Oniqua is proud to serve the world's leading companies in the oil and gas, mining, utilities and other asset-intensive industries, including ConocoPhillips, BP, Dow Chemical, Tennessee Valley Authority, Nebraska Public Power District, Los Angeles Metropolitan Transportation Authority, Vale, Codelco, Rio Tinto, , BHP Billiton, Newmont Mining, Freeport McMoRan and many others. www.oniqua.com
Oniqua is owned by ASCO, an international oilfield support services business. ASCO operates in 35 locations around the world and last year had sales of over $1bn. The company employs over 2,000 people worldwide. Oniqua became part of ASCO in 2012, widening the service range ASCO offers to its international oil and gas clients through more effective inventory and materials management solutions.
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