Honeywell orchestrates supply chain and production management excellence with ‘Symphonite'
Portfolio of supply chain and production management software and services improves reliability and efficiency from supply to production to distribution
HOUSTON, Sept. 8, 2016 ̶ Honeywell (NYSE: HON) Process Solutions (HPS) today announced the launch of Symphonite™, a comprehensive portfolio of supply chain and production management software services designed to boost supply chain reliability, responsiveness, agility and efficiency for a range of manufacturing industries.
Bringing together existing proven technologies with new product releases into one tightly integrated portfolio, Symphonite software and services offer an end-to-end solution for oil and gas, refining, and mining, metals and minerals industries. Solutions cover every link in the chain across production management, planning, shipping, production accounting and reconciliation, helping to drive better business decisions.
“Businesses are only as good as their weakest link,” said Mike Brown, global director for HPS’ Advanced Solutions business. “With pressure on prices and significant volatility, the Symphonite portfolio of solutions helps facilitate better decisions across feed supply, production and sales, based on current market conditions and users’ unique production and supply chain set-up.”
Symphonite is broadly grouped into two areas: Supply Chain solutions, covering key processes such as integrated and production planning, crude assay management, blending, supply and distribution planning, and supply and demand balances; and Production Management solutions, covering processes such as management of the shipment lifecycle, production recording and accounting, inventory management, downtime analysis, material tracking, transport logistics and production allocations.
The portfolio encompasses Honeywell’s proven production and supply chain solutions, including SAND, ASSAY2 and BLEND, Production Manager, Downtime Reporter and Port Marine Manager, adding a number of new software releases:
- Refinery and Petrochemical Modeling System (RPMS) R510 enables users to optimize profitability through better decisions about when, where and what to produce, RPMS R510 delivers faster model solution times, reduced planning cycle times and a more intuitive user interface.
- Capacity and Distribution Planner (CDP) R230 is Honeywell’ solution for modelling supply, production and distribution problems. With a range of new features, CDP R230 improves production and inventory forecasting, demand and supply balances, and plan vs. actual analysis to enhance collaboration and capture opportunities across the supply chain.
- Production Accounting and Reconciliation 2000 (PAR2000) introduces an integrated graphical workflow with best in class statistical solver to significantly reduce the time for closing accounting balances. Accelerating availability of reconciled production data, it improves decision-making and detection of unaccounted losses.
“From corporate level commercial optimization to post-execution reconciliation and analysis, Symphonite offers a comprehensive scalable solution that will help users cut costs and increase profits across the business,” said Brown.
For more information about Symphonite and Honeywell’s solutions for planning, production and the supply chain, visit http://www.hwll.co/symphonite.
Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. It is also a leader in providing software solutions and instrumentation that help manufacturers find value and competitive advantage in digital transformation through the Industrial Internet of Things (IIoT). Process Solutions is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes Honeywell UOP (www.uop.com), a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
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