Manufacturing energy management best practice identified
Aberdeen Group report highlights EPS Corp.'s data driven approach to energy management as an emerging best practice for the industrial manufacturing sector.
The Aberdeen Group has released a report thatidentifies Energy Intelligence, the central element of EPS Corp.'s energy andcarbon reduction solutions, as a best practice approach among leading companiesin the industrial manufacturing sector. Based on research conducted by Aberdeen with more than200 manufacturers, the research group found those companies that deployed thisapproach achieved a 15% reduction in their energy use, more than double the industryaverage, achieving substantially higher operating margins as well.
Characterized by the delivery of comprehensivereal-time energy data, which is said to enable greater visibility into systemperformance, the Aberdeen report details how best-in-class companies haveleveraged this type of information to implement immediate energy and carbonreduction actions, optimizing their operations while reducing costs.
EPS' xChange Point is highlighted in the case studywithin this report as the energy intelligence solution deployed by a leadingdairy processor at 50 of its plants. The case study reveals how EPS was able toprovide visibility into the performance of the most energy-intensive subsystemsthrough the collection and analysis of real-time data using EPS xChange Point.Within a short timeframe, the system reportedly identified a number ofinefficiencies not previously visible to the company. This information was usedto take action to reduce their energy consumption, delivering a quick paybackand moving the company a step closer toward achieving their efficiency andsustainability goals.
The Aberdeenreport can be accessed at: www.epsway.com/ei/aberdeenreport
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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