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We’re excited to announce a new feature to monitor lube oil consumption: the Calculated Average Consumption. This addition provides you with precise insights into their vessels' lubricant consumption, significantly improving demand forecasting.
What’s new?
By processing raw Remaining on Board (ROB) data collected by Closelink (discover more about Closelink Integrations), the feature offers a dynamic calculation of average consumption based on the last 90 days. You gain direct access to consumption charts that display dynamic averages alongside user-defined fixed averages over a selected period, enhancing visibility into lubricant usage patterns. The Calculated Average Consumption also increases the accuracy of Closelink's demand overview and vessels’ reach calculation capabilities, resulting in more reliable insights for a resilient procurement strategy.
Key benefits include:
- More efficient demand management: With the Calculated Average Consumption, you can forecast product demand more accurately, reducing the risk of stockouts and ensuring compliance with your internal operational standards.
- Detection of consumption anomalies: Easily identify unexpected spikes in lubricant usage through comparative charts that highlight both dynamic and static averages. This visibility enables quick detection of anomalies, allowing you to validate your assumptions and ensure correct consumption metrics.
- Effort reduction: By eliminating the manual process of data extraction, filtering, and validation, you can save both time and effort. The system automatically collects data and removes faulty measurements or irrelevant entries, such as waiting time at anchorage, ensuring that the calculations reflect actual usage without the need for user intervention.
How does it work?
Closelink uses existing ROB data received from vessels’ noon reports, from central data warehouses, or directly from integrated fleet performance systems, such as NAVTOR (learn more about our partnership with NAVTOR). Our advanced algorithms process consumption data from over 1,000 vessels to automatically filter out failed measurements and irrelevant entries known as “outliers”. All to maintain the high accuracy of the calculated consumption values.
To ensure you can trust the automatically generated data, the Calculated Average Consumption feature includes a built-in validation system that assesses the consistency and reliability of the input data. Data inconsistencies or irregular reporting trigger a low-quality grade, allowing you to swiftly address potential data quality issues.
Get started now
The Calculated Average Consumption feature is now live and available to all our users. For more information on how Closelink supports lubricant procurement, get in touch with our team!
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