Click here to close now.




















Welcome!

News Feed Item

GE Wins Manufacturing Leadership Award for Development of Cloud-Based Supply Chain Platform

GE (NYSE: GE) today announced that its new “Elastic Cloud Supply Chain Platform” (Elastic Cloud) for real-time management of oil and gas materials, equipment, and services has won a prestigious Manufacturing Leadership 100 (ML 100) award. GE was among several companies honored during a ceremony held earlier this month at the tenth annual Manufacturing Leadership Summit in Palm Beach, FL.

Pictured (l-r): Benjamin Beckmann, Cloud Manufacturing and Design Systems Leader at GE Global Resear ...

Pictured (l-r): Benjamin Beckmann, Cloud Manufacturing and Design Systems Leader at GE Global Research; Kevin Joyce, Global Supply Chain Executive at GE Oil & Gas; Walter Yund IV, Research Scientist at GE Global Research, and John Carbone, Senior Research Scientist at GE Global Research. Photo Courtesy: The Manufacturing Leadership Council, Frost & Sullivan (Photo: Business Wire)

The development of the Elastic Cloud technology represents a collaborative effort between GE Global Research, the Company’s technology development arm, and GE Oil & Gas. The software is designed to monitor, manage, and optimize the sourcing, production, flow and inventory of complex oil and gas raw materials, components and final products for installation and servicing at customer sites.

“With this software platform we’ll be able to maximize, in real-time, the service level we provide to our customers, while minimizing the total delivered cost of GE products and services,” said Jody Markopoulos, VP of Sourcing at GE Oil and Gas. “We have heard from our customers – they want better software tools to help navigate the complexities of today’s global manufacturing supply chain environment. GE’s Elastic Cloud technology delivers on this need.”

Two major trends in the oil and gas industry were the driving force behind GE’s decision to undertake this project in 2012: the high cost of downtime at oil fields and an increasing level of product customization.

“Customers can’t wait days or weeks for equipment to be repaired or replaced – they need that work done within hours in order to remain competitive,” added Markopoulos. “With many specific product configurations in play, we decided to craft a software solution that could help us maintain a high service level, a low customer response time, and a high level of customer satisfaction – all while maximizing the efficiency of the global supply chain.”

“Elastic Cloud represents a technological breakthrough that will greatly benefit our customers, who have a lot riding on timely scheduling and delivery of parts and services,” said Peter Koudal, Supply Chain Technology Leader at GE Global Research. “Time is money in the oil and gas industry and the breakthrough software suite we’ve developed will help our customers ensure that their rigs keep pumping with no surprise interruptions.”

GE’s Elastic Cloud technology reflects the Company’s vision for the “Brilliant Factory” – the backbone of which is a digital thread that connects all parts of the manufacturing supply chain in real-time. This factory-of-the-future will be driven by software, data, and analytics allowing for constant feedback and optimization throughout the manufacturing process.

“Bringing the latest in software and collaboration technology to GE’s manufacturing operations is a critical objective,” said Joseph Salvo, Manager of the Complex Systems Engineering Lab at GE Global Research and Director of the Industrial Internet Consortium.

How it works:

GE’s Elastic Cloud Supply Chain Platform consists of real-time data extraction, an in-memory analytics engine and a cloud-enabled secured software platform that delivers data and visualizations to all major artificial lift functions at GE Oil & Gas. Several analytic modules were built to extract meaningful information from the data collected:

  • One module provides end users with a “control tower” view of current inventory positions and enables users to pinpoint specific opportunities for inventory reduction. Information displayed in this system was previously only accessible by opening up multiple reports and queries.
  • A second module provides materials managers and the commercial team with the ability to identify similar finished goods that are well positioned for customer replenishment by automatically identifying attributes (e.g. horsepower, voltage, etc.). This enables the commercial team to quickly find local inventory, reducing manufacturing and transportation costs.
  • A third module enables end users to monitor, manage and optimize inventory relative to contractual agreements with large customers by pooling inventory by product attributes.
  • A fourth module enables regional material managers to receive real-time decision support for determining the proper policy for replenishment and re-stocking of spare parts.

The outputs from these analytic modules are presented in web-based user interfaces and integrated into a cloud-enabled and secure software platform accessible to artificial lift users, to ensure everyone is working from the most up-to-date information possible.

GE’s Elastic Cloud platform is currently in use in North America, South America, Europe, the Middle East, Africa, and Asia. It is used across major artificial lift functions in GE Oil and Gas– inventory, material, customer service, manufacturing, commercial, and finance. In 2014 the platform is being extended to include real-time parts flow optimization and product lifecycle tracking from suppliers to production to warehouses to oilfields - some of which are in the most remote parts of the world.

About GE Global Research

GE Global Research is the hub of technology development for all of GE's businesses. Our scientists and engineers redefine what’s possible, drive growth for our businesses, and find answers to some of the world’s toughest problems.

We innovate 24 hours a day, with sites in Niskayuna, New York; San Ramon, California; Ann Arbor, Michigan; Bangalore, India; Shanghai, China; Munich, Germany; and Rio de Janeiro, Brazil. Visit GE Global Research on the web at www.ge.com/research. Connect with our technologists at http://edisonsdesk.com and http://twitter.com/GEResearch.

About GE Oil & Gas

GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...