Clicky

Where PIDX Standards Fit in the Supply Chain

 
PIDX standards

PIDX standards play an important role in the Oil and Gas Industry. Nearly 100% of the US oil and gas companies use them. In fact, over 2 million truck loads monthly are supported by PIDX electronic data. These global standards were also adopted in 2013 by major oil companies in Australia and Europe. They are primarily used to exchange electronic documentation about movement and transfer of petroleum products.

Where do these standards fit in the supply chain? Through the PIDX standards, buyers and suppliers connect via an ERP system and middleware. The middleware should be simple, cost effective and quick to install. The transaction documents in the XML define the content and transaction standards for secure ecommerce in the oil and gas industry. They connect the master vendor and customer data and provide secure transmission protocol of purchase order to sales order, service entry sheet to field ticket, and invoices.

  • PIDX standards support real-time data transfer. Immediately after a transfer is completed, data is transferred in real time for the involved parties. When petroleum products are transferred via truck, barge or pipeline, the buyer and supplier receive information of the transmission instantaneously.
  • PIDX standards support data clearinghouse functionality. PIDX serves as a single hub for all communications. It helps maintain their brand name, plan for upcoming events and reduce the escalation of problems.
  • PIDX standardize data sets. Global synchronization of company IDs, carriers/haulers, terminals/depots, and products removes friction from business transactions. Sharing the same data among manufacturers and retailers allows them to save a lot of time and money.

PIDX provides templates to strengthen data quality in the industry. These standards are developed by the industry for the industry in order to describe and classify products and services. As a real standard, PIDX is used with a major IOC today. In fact, the number of operators who commit to the use of these standards is increasing.

Charlie Alsmiller

Throughout his career, Charlie Alsmiller has focused on customer problems in difficult industries such as Energy and Telecommunications. Prior to starting Appterra in 2005, Alsmiller was VP of Global Operations for Allegro Development, a leading provider of software for the energy sector. He has also served as president of OmniSpace Technologies, a leading SaaS provider that he founded in 1999. He spent over 10 years in the consulting world with Price Waterhouse and Deloitte Consulting, where he participated in a wide variety of projects for very high profile clients. Mr. Alsmiller holds a BBA from Baylor University in Management and Information Systems and a MBA from the University of Dallas in International Business. Specialties: Technology ventures, Enterprise Software, Contract Negotiation, International Operations, Private Equity, Product Management, Strategic Alliances, Software Implementation, Software Development

Related articles

Cloud-based-Solutions

Why You Should Spend More Time Thinking About Cloud Integration

The cloud allows you to access information through various devices over the internet. It allows you to install and access…

Go Digital with Supply Chain Solutions

Supply chain solutions use digital technologies that help small and medium businesses perform better and faster along the link of…

placeholder

10 Great Mobile Applications for Cloud Integration

Cloud applications, or apps, are cloud-based services. They are known as Software-as-a-Service (SaaS) as they are offered online, instead of…


no comments


Leave a comment

Your email address will not be published. Required fields are marked *