SUMIT RITOLIA

Analyzing Crude & Product Market: Worked as Refinery Economist Responsible maximizing the integrated business value across the organization.

• Analyzing Product cracks & assisting the team to plan the best margin feed & product slate on long term ( Yearly) & Short term Basis.
• Responsible for providing the right economic steers for the Optimization of the hydrocarbon production. Increased Margin by 2 $/bbl through proper value chain optimization.
• Maximized Refinery Margin by purchasing Optimal Crude diet.
• Prediction of Crude & product pricing market movements through use of various forecasted data & strategies to improve & safe guard the Margins. Increased margins by 1 $/bbl during Covid-19 initiation days.(2020-2021)

Strategy Planning: Responsible for preparation of short term & long-term production plans, Turnaround production scenarios with related economics.

• Increased margin by 20 % through Optimum process planning through LP modelling (linear Programming) using PIMS.
• Reduced Feed cost by 1 $/bbl through proper market & Pricing analysis.

Business Planning & Strategy Development (Term & Spot Planning): Short term & Long-term feedstock Planning, selection of Term & Spot Crude oil.

• Working experience in strategy built up of Term Crude & Spot crude analysis considering various scenarios & cases.
• Oversaw every phase of supply chain, from purchase order to delivery to invoicing, targeting 100% end-user satisfaction.

Operation Planning and Process Control & Inventory management: Designing monthly plan & product pattern using modelling tools. Daily & weekly planning & Inventory Management of middle distillate & Heavy distillate.

• Forecasting Supply chain value on regular basis & implementing steps & changes to increase the same.
• Analyzed weekly and monthly patterns to forecast business needs, reducing inventory costs 10.7% for the years 2016-2018.
• Used analytical models and mathematical analysis to create and maintain key performance metrics thus reducing loss by 2% for the year 2017.
• Identifying various potential improvements through sensitivities & achieved 15 % ( ~50 crores ) increase in margin through various strategies.

Supply Chain Optimization & Scheduler: Used Supply chain Analytics tool i.e.Descriptive, Predictive and Prescriptive to come up to Optimum solution of various Pain Points in SCM.

• Worked aggressively with operations team to meet the monthly, quarterly & yearly targets Such as crude throughput, distillate yield etc.
• Handled product scheduling (Light distillate, Middle distillate & Black oil). Worked as a feed stock manager & Scheduler to the refinery.
• Finding & focusing on pain points for various domains of a supply chain. Removed bottlenecks to increase margins 1$/bbl GRM.
• Discovered most reliable and cost-effective shipping methods by analyzing previous shipment data.

Value Chain Management -Retro Analysis, Back casting & Forecasting of Business: Extensively used supply chain Analytics tool Descriptive, Predictive and Prescriptive in performing these activities.

• Performing Plan vs Actual performance & retro analysis of the operation design. Preparing retrospective analysis report for management. Preparing reports with explanation of deviations in cost trends,quality give away analysis of products and other parameters.
• Performing techno-economic analysis of constraints & coming up with changes to increase the margin of Supply chain in different value addition steps.
• Margin Variance analysis every week to keep track of the refinery monetary performance as compared to the published plan.

• Planning & Scheduling: As an Engineer, my portfolio comprised primarily of Planning, Scheduling of Raw Materials and Products for Sterlite Technologies' Optical Fiber and Glass manufacturing Unit at Waluj, Aurangabad.
• Saved $55K by eliminating constraints in the Glass Manufacturing process.
• Value Chain Management: Gone through structured training process of Sterlite technologies Limited. On the job training and in field experience of whole value chain (Procurement, planning, production, multiple disciplines involved in total supply chain management.
• Raw Material Supply Team: Responsible for Supply side of operations of the raw material i.e.Silica ore & other utilities. Increased supply efficiency by 19% through process improvement design and implementation