CITGO Petroleum Corp. expanded its partnership with DTN by adding its TABS service.
DTN TABS, a system that helps suppliers manage inventory and credit limits, will help CITGO provide systematic and consistent control of product lifting across all channels of trade at equity and selected exchange terminals to manage inventories during normal market conditions and market disruptions.
In these times of increasing volatility, higher prices and supply constraints, DTN TABS’ real-time loading data from the terminal helps suppliers anticipate product demand and manage inventory across the country.Terminal activity reporting also can help analysts track contract compliance and manage credit issues.
“We’re excited to use DTN TABS to see near real-time rack demand information and manage product allocations to ensure that supply is available when our customers need it,” said Rick Esser, CITGO’s general manager of branded gasoline and distillate pricing.“We made the decision to go with DTN based on the ease of use, flexibility and robust functionality of DTN TABS.Using DTN TABS will give customers better visibility of the allocation levels before they dispatch a truck to the terminal.”
