Energy becoming part of social, business strategy
Aberdeen report finds business, environmental needs merging
Aberdeen Group surveyed 230 executives to understand the success companies are realizing by effectively managing energy across the enterprise. Energy management started as a cost saving initiative, but is now starting to become a strategic part of the company's larger corporate social responsibility program.
Whether you are just implementing an energy management program or have been on this journey for many years, this report will provide insight into the business processes and technology enablers adopted by the top performers to gain quantifiable business value.
Aberdeen used three Key Performance Indicators to identify Best-in-
Class performance, with the Best-in-Class averaging:
• 90% Overall Equipment Effectiveness (OEE)
• 15% Reduced energy consumption
• 14% Outperformance of corporate operating margin goals
Survey results show that the firms enjoying Best-in-Class performance shared several common characteristics.
• Best-in-Class companies are over three-times as likely as Laggards to invest in energy management solutions to gain real-time visibility into energy data
• Best-in-Class companies are over two-times as likely as Laggards to consider energy costs while scheduling production
• Best-in-Class companies are nearly four-times as likely as Laggards to consider energy efficiency while scheduling maintenance Required Actions
In addition to the specific recommendations in Chapter Three of this report, to achieve Best-in-Class performance, companies must:
• Include energy management in corporate-wide sustainability initiatives
• Provide real-time as well as historical energy data to appropriate employees as actionable intelligence
• Invest in automating energy management to gain visibility into energy data and integrate it with existing technology investments.
Details of the report can be found here :
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey