Streamba announces a pivotal licensing agreement with Shell to bring Shell's Inventory Optimization Technology Application to the wider market through Streamba's VOR platform. This collaboration aims to enhance supply chain resilience by offering real-time visibility, predictive analytics, and smart decision-making tools, leveraging a longstanding partnership to address current global logistics challenges.
GLASGOW, Scotland, March 4, 2024 /PRNewswire-PRWeb/ -- Supply Chain Software-as-a-Service (SaaS) business, Streamba, is excited to announce a licensing agreement for Shell's Inventory Optimization Technology Application. Already servicing 80% of their assets globally, this technology has helped Shell reduce material and equipment redundancy. Streamba will now take this solution to the open market, as part of its Supply Chain and Logistics platform, VOR, named after the Norse goddess of wisdom.
The tie-up of this technology and platform comes at an important time in global logistics, which have been stretched by global tensions along critical supply routes. Making Shell's Inventory Optimization Technology Application available on Streamba's VOR platform broadens visibility within the complex supply chain underpinning major capital projects. The offering works as a part of a digital "nervous system" for the supply chain, providing real-time visibility, predictive analytics, and smart decision-making tools. This integration is designed to help empower businesses to anticipate supply chain disruptions, optimize inventory levels, and enhance overall operational resilience.
The collaboration with Shell is built upon a years' long relationship with Streamba, an entrepreneurial technology business in Glasgow, Scotland. This collaboration is an example of Shell having a history of actively supporting emerging companies that offer disruptive potential – especially those with products that improve efficiency in Shell's core businesses. Streamba through its satellite office at Shell's "Energy Transition Campus Amsterdam" has worked closely with experts in Shell on several joint projects.
"We are thrilled to collaborate with Shell to commercialise their Inventory Optimization Technology Application," said Steven Calder, CEO of Streamba. "This collaboration aligns with our mission to provide innovative and effective solutions that address the complex challenges of supply chain management. By integrating this solution into our platform, we are helping to equip businesses with the tools they need to navigate the challenges facing global supply chains."
"The Inventory Optimization Technology Application is currently deployed in more than 35 sites across the Shell Group and has helped us to streamlining our supply chain," said Kathren Murray, GM NBD in Shell Global Solutions US Inc. "Streamba is a trusted member of the Energy Transition Campus Amsterdam ecosystem. We are very excited to see Inventory Optimization Technology Application helping to enhance Streamba's capabilities for the benefit of the wider industry."
Streamba's VOR platform is designed for adaptability and scalability, ensuring that businesses of all sizes can benefit from enhanced supply chain intelligence. The platform's intuitive interface and advanced analytics capabilities make it an indispensable tool for entities aiming to achieve operational excellence and sustainability in their supply chains.
For more information about Streamba and its solutions, please visit www.Streamba.com.
Media Contact
Luke Johnson, Streamba, 44 07957038106, [email protected], https://www.streamba.net/
SOURCE Streamba
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