SUMIT RITOLIA

• Function as a subject matter expert on refining economics, particularly in relationship to product price formation and crude value assessments.
• Performing high level analytic work and modeling to form conclusions on refinery operations, price trends, and crude price differentials/valuation.
• Conducts research including identifying data and statistical analysis of results.
• Understanding of oil pricing dynamics, including product cracks & spreads and crude price differentials.

Analyzing Crude & Product Market: Worked as Refinery Economist Responsible for maximizing the integrated business value across the organization with help of Supply chain tools like PIMS/ H-COMET.

• Responsible for providing right economic steers for optimization of hydrocarbon production.
• Maximized Refinery Margin by purchasing Optimal Crude diet.
• Analyzed product cracks & assisted team to plan the best margin feed & product slate.
• Increased Margin by 0.2-0.4 $/bbl through proper value chain optimization through Aspen PIMS.
• Prediction of Crude & product pricing market movements through use of various forecasted data & implemented strategies to improve & safe guard Margins.

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

• Increased margin by 3% through Optimum process planning through LP modelling (linear Programming) using PIMS.
• Reduced Feed cost by 0.3 $/bbl through proper feed stock planning , market & Pricing analysis.

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

Operation Planning and Process Control & Inventory management: Daily & weekly planning & Inventory Management of middle distillate & Heavy distillate.

• Analyzed weekly and monthly patterns to forecast business needs, reducing inventory costs 5.7% for 2016-2018.
• Used analytical models and mathematical analysis to create and maintain key performance metrics, thus reducing loss by 2% for year 2017.

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.

• Handled product scheduling (Light distillate, Middle distillate & Black oil).
• Finding & focusing on pain points for various domains of supply chain. Removed bottlenecks to increase margins 0.3 $/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 :

• Prepared reports with explanation of deviations in cost trends, quality give away analysis of products and other parameters.
• Performed techno-economic analysis of constraints & came up with changes to increase margin of Supply chain..

Planning & Scheduling: Responsible for Planning, Scheduling of Raw Materials and Products for Optical Fiber and Glass manufacturing Unit.

• Saved $35K by eliminating constraints in the Glass Manufacturing process.
• Managed supply chain of Raw materials for Glass Plant-Silica ore & other utilities.
• Increased supply efficiency by around 10% through process improvement design and implementation.