Samsung Total Expects More Than $5M in Annual Savings from Deployment of aspenONE Planning & Scheduling Software
Korean Petrochemical Company Achieves Better Inventory Visibility and Improves Decision Making at Olefins and Aromatics Plants
BURLINGTON, Mass. – March 18, 2010 — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced that Samsung Total Petrochemicals Co., Ltd. (Samsung Total) has deployed aspenONE® Planning and Scheduling at its Olefins and Aromatics plants in Daesan, Korea. Based on initial results, Samsung Total expects to achieve $5 million in annual savings by using aspenONE software.
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- aspenONE Planning and Scheduling for Olefins helps fill the gap between planning and production execution, and completes Samsung Total’s vision of a fully integrated, multi-level process optimization system.
- More optimized operations at Samsung Total now includes:
- Better inventory visibility on feed stocks and final products
- Development of “what if” scenarios for various business decisions and their impending production outcomes
- Reduced gaps between optimal planning targets and actual outcomes
- Improved feedback loops on plan vs. schedule vs. actual
- Samsung Total is a long-time user of aspenONE process optimization solutions and is one of Total Petrochemical’s most efficient plant complexes. Amid the global economic downturn, Samsung Total chose to add AspenTech’s planning & scheduling solution to compete more effectively and find ways to improve margins.
- Other AspenTech products used by Samsung Total include aspenONE® V7 Engineering, aspenONE® Production Management & Execution, aspenONE® Advanced Process Control and real-time optimization solutions.
Supporting Resources
Links to more information:
aspenONE® V7 Manufacturing and Supply Chain (English)
aspenONE® V7 Manufacturing and Supply Chain (Korean)
aspenONE® Planning and Scheduling for Olefins
aspenONE® Production Management & Execution for Chemicals
aspenONE® Advanced Process Control for Chemicals
