Chapter 6: Getting the Most Across the Value Chain

Robert Maglalang    Value Chain Optimization at Phillips 66, Houston, TX, United States

Abstract

In today’s global and fast changing business environment, the urgency with multinational companies to find readily implementable digital solutions has increased significantly as the underlying science yielding operational and business improvements has matured over the past decade. Companies lacking innovative ways to extract incremental value from existing and new business ventures will be left behind.

Manufacturing plants, in general, manage billion dollars’ worth of raw and finished products daily across the US—and globally. The quantities of data analyzed in a product life cycle, capturing cost-to-produce, ...

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