This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Assay Management Functionality In Aspen PIMS™ Software Optimizes Crude Purchasing Decisions And Increases Profitability

Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced new assay management functionality in Aspen PIMS software that optimizes crude purchasing decisions and increases profitability. The assay management enhancements to the world’s leading refinery planning application streamline workflow for feedstock selection.

Traditionally, refinery planners maintain their own assay libraries and use disparate technologies, which leads to inaccurate and inefficient planning. The new functionality from AspenTech now allows planners to add, modify, and recut assays directly in Aspen PIMS, enabling them to quickly evaluate more scenarios with greater accuracy.

Aspen PIMS’ assay management capabilities allow users to import assay data from external sources and more efficiently manage their crude feedstocks. Guided, automated workflows increase productivity, while alerts notify planners for the next step in the process to shorten their learning curve.

Aspen PIMS is part of the aspenONE ® Petroleum Supply Chain software suite. The latest update to Aspen PIMS is available immediately.

Supporting Quotes

Paul Gallagher, Refinery Planning Manager, Samsung Engineering

“I think AspenTech is going in the right direction with the introduction of Assay Management within Aspen PIMS. This will streamline the analysis of huge amounts of data to generate a better operating plan. Two elements of this technology are especially pleasing. I like that the output will preserve the Excel formulas contained in an existing assay table and also that the output will also preserve any additional structures that have been added to the table.”

Manolis Kotzabasakis, Executive Vice President, Products, AspenTech

“The world’s leading refinery planning software just got stronger with Aspen PIMS’ enhanced assay management functionality. To combat tremendous cost pressures and tight margins, refiners are optimizing their planning performance to drive operational excellence. PIMS assay management streamlines feedstock planning processes and delivers better insights in crude selection. As a result, our customers can achieve greater predictability in their refining capacity to improve profitability.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,075.17 -4.97 -0.03%
S&P 500 2,112.40 -5.29 -0.25%
NASDAQ 5,063.2140 -28.8710 -0.57%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs