Case Study - Improving ISOtanks Round-Trip Cycle

Case Study - Improving ISOtanks Round-Trip Cycle

Current situation

 Round-trip process has many owners

  • round-trip cycle example

     

    • Only 614 ISOtanks (76%) are taking part of the cycle

     
    cycle funnel

    • The average round-trip in current situation is 124 days, 2.9 round trips per year, total of 1780 ISOtanks are used in a year

     
    round trip per year

    • Total time in the local site is 22.3 days (with High variability) , and the standard time taken for planning is 18 days
  • There is a lack of structures methodology of working with storage devices
  • Partial enforcement over the agreements regarding delays in the demurrage days



Challenge

  • Management and control:
    • Establishment of operational & organizational structure that wil bring the ISOtank to maximize utilization
    • Appointing an owner which will be responsible for controlling and managing the entire ISOtank’s operations
  • Commercial:
    • Changing commercial agreements enforcing methods
  • Logistics:
    • Changing work processes in plant
    • Creating a custom made supply chain per customer \ office


Approach

  • The recommendations are divided to 2 implementation phases : Short-medium term & Long term
    • The recommendations for each phase are divided to:
      General recommendations which refer to cross organizational processes
      • Management and control
      • Commercial agreements
    • Logistics recommendations for each stage in the ISOtanks round-trip
      • Local - Plant
      • Abroad - Using custom made storage method per customer/office


Results

  • Short and middle term improvements can decrease the round-trip to 100 days, which is equivalent to add 430 ISOtanks (~21M$) to the cycle
  • Long term improvements can decrease the round-trip to 76 days, which is equivalent to add another 730 ISOtanks (~37M$) and to reach a total of 1160 ISOtanks (~58M$) to the yearly cycle
  • Management and Control
    Establishment of operational & organizational structure that will bring the ISOtank to maximize utilization
    • Appointing an owner which will be responsible for controlling and managing the entire ISOtank’s operations
    • Setting goals for improvement (regarding the cycle time duration) for each office
    • Creating ISOtanks monitoring dashboard for improving the control and measurement capabilities
    • Enforcing commercial agreements
  • Commercial
    • Changing the conducting pattern with end-customers by adding an automated debit mechanism to the commercial contracts due to a loss of sales
    • Enforcing commercial agreements
  • Logistics
  • Local:
    • Assigning ISOtanks tester on a regular basis in plant
      Tight monitoring on restoration stage
    • Changing the working processes in plant:
      • Using preliminary ISOtanks checkout
      • Increasing cooperation with subcontractors regarding maintenance processes
  • Abroad:
    • Using custom made storage method per customer/office
    • Pre booking of return ISOtanks in the destination ports
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