Real-Time Energy Measurement and Empowerment
Business leaders in todays manufacturing industries are facing a key issue, lack of visibility into plant business performance in real-time. Thus, real-time information for plant costs, production value, and contribution margin are generally not available to key decision-makers within the operation. Energy management is a key area where the lack of real-time information has a significant impact. Most companies still do not have a clear understanding of the relationship between energy consumption and the impact on real-time costs. This lack of critical information makes it difficult to make informed decisions as energy-related pricing and costs change frequently, affecting manufacturing business performance. Energy prices comprise a large percentage of variable costs in most operations. The dynamic nature of their impact on the business further confounds the situation owing to factors such as:
- New green energy sources
- Complex and fast changing energy market rates and metering dynamics
- Multiple fuel-burning choices
- New and changing environmental requirements
During these difficult economic times, this problem is magnified and presents a significant challenge to improving efficiencies and managing environmental responsibilities. Todays business world requires better business information of the manufacturing environment, propagated to all relevant people within the organization to enable and empower better decision-making to improve business performance. Invensys Process Systems (IPS) Real-Time Energy Measurement and Real-Time Energy Empowerment are an effective solution to this problem.
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New Information and Resources on Real-Time Energy Management Solutions Now Available From IPS
Learn how real-time energy management can reduce energy costs and consumption.
Author: Russ Barr, Invensys Process Systems | File Type: PDF
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