OpenLink releases commodities scheduling module
15 May 2007 | 1632 views | 0
OpenLink, a leading provider of cross-asset trading, risk management, and operations processing software solutions - announced the release of cMotion today, a new addition to their 'Motion' product lines that seamlessly integrates with OpenLink's Endur platform.
Combining this new product with pMotion for power and gMotion for natural gas, OpenLink now offers its clients the ability to manage the physical logistics for virtually any commodity, whether it travels by wire, pipeline, tanker, barge, rail or truck.
"Since the initial introduction of our 'Motion' product lines, our goal has been to meet the physical and logistic needs of our user community by providing them with 'first of its kind' fully integrated trading and asset management functionality," said Coleman Fung, OpenLink's Executive Chairman of the Board.
cMotion's target clientele includes refining and petrochemical industries, integrated energy firms, power generators, and traders seeking an integrated solution for energy and commodity logistics. cMotion's robust product design also supports agricultural commodity traders, crude producers, and NGL/LNG shippers.
"The modularity of cMotion is its greatest strength," said Tom Gros, OpenLink's CEO.
cMotion was designed to support multiple commodities, grades, and transportation types, while managing nominations and nomination groupings (such as product commitments, transportation schedules, and inventory movements). cMotion organizes dates (such as nomination dates, changes, and delivery dates), and supports event- based pricing and payment.
Additionally, cMotion can record deliveries, record actual quantity / quality and price adjustments, record ticket pricing / valuation, track action item "to-do" lists, and store documents and settlements.
Each measurement line item defines type, unit, and value. Any number of products and transportation types - such as VLCC vessels, lightering vessels, barges, trucks, pipelines, and railcars - can be configured into cMotion for each commodity type.
Schedulers can manage any number of logistics plans concurrently using nomination groupings, which can link to an unlimited number of nominations, thereby creating custom plans that may consist of multiple products, locations, modes of transport, and inventory points. This flexible structure enables the scheduler to manage both simple and complex scheduling in a consistent manner that can support management information needs at both a summary and detail level.
"We continue to invest and evolve our product offerings to meet the needs of our clients to address new business opportunities and operational efficiencies," said Gros. "It's that kind of commitment to growth and innovation that makes OpenLink a one-of-a-kind company."