Energy management central to leading manufacturers
Aberdeen Group study, "Energy Management: Driving Value in Industrial Environments," says leading manufacturers are more than three times as likely as laggards to invest in an energy management solution to gain real-time visibility into energy data.
According to a study (“Energy Management: Driving Value in Industrial Environments”) just released from Aberdeen Group, leading manufacturers are more than three times as likely as laggards to invest in an energy management solution to gain real-time visibility into energy data.
For the purposes of this study, Aberdeen evaluated and classified manufacturers based on three performance indicators: overall equipment effectiveness (OEE) , reduction in energy consumption, and operating margins. Leading manufacturers are defined in the study as the top 20% of performers in a weighted average across the aforementioned three KPIs. Results highlighted in the study show that these performers:
Have achieved 90% OEE;
Reduced energy consumption by 15% (normalized for changes in production and energy intensity of the industry); and
Outperfomed corporate goals for operating margins by 15%.
“Top organizations are taking a collaborative approach to deploying effective energy management systems,” says Mehul Shah, research analyst with Aberdeen Group’s manufacturing operations and industrial automation practice. “These systems are being supported at every level of the organization, from executive management to plant personnel, and providing enterprise-wide visibility of energy consumption and efficiency. The leading companies are using this data to make both production and maintenance decisions in the optimization of overall plant performance.”
A complimentary copy of this report is made available, in part by the following underwriters: Infor, Invensys Process Systems, and Rockwell Automation. To obtain a complimentary copy of the report, visit this article online at budurl.com/7sye .
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.