IBS, the leading global provider of IT solutions to the travel, transportation and logistics industry, has announced the launch of version 6.1 of its iLogistics solution suite for the E&P industry. With advanced features that are the first of its kind in any upstream logistics management solution on offer today, iLogistics 6.1 will enable oil and gas companies to maintain efficient material logistics management process and achieve greater optimization of marine resources.

The recent economic changes have forced E&P companies to effect significant cuts in capital and operating expenditure. This has urged the industry to explore ways to make maximum use of available resources through maximum utilization, and reduced wastage of materials / equipments.

To address the need for highly efficient material movement, iLogistics 6.1 enables automation of most of the processes from the point of material requisition to final delivery. This includes enabling request creation through web, providing material vendors an interface for coordinated operations, automating all aspects of shipment planning, containerizing / packing, tracking material across its journey and managing the commercial health of the entire operations.

The new version features built-in system optimization and utilization tracking functionalities, which enable effective resource utilization and cost reduction. In-built HAZMAT classification features, enables safe logistics operations.

iLogistics, a complete suite of solutions for the management of upstream oil and gas logistics, has been identified by the industry as the only tailor-made solution that concurrently facilitates the movement of people and material by air, sea and land. The solution has been adopted by the top Fortune 500 oil majors as their global logistics management system.

The product can also be easily integrated with other third party ERP applications and is compatible with multiple technology environments, keeping in mind the need for faster and flexible operations.