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Infor EAM from Sapphire Systems

 

Companies are taking a new approach to improve asset operating performance and improve their Green Credentials

The current lean approach of reducing waste in all its forms (e.g., inventory, downtime, and non-value-adding paperwork) has lowered costs and increased profitability, but today that's no longer enough, given the economic and environmental uncertainty of energy. As a result, evolving lean best practices now include monitoring and managing the energy consumption of assets. The classic asset management view typically ignores energy consumption, which in terms of cost represents 30% to 90% of most companies operating and maintenance expenses today, excluding personnel. In contrast, the new operational goal is to optimally manage for both operational success and energy efficiency.

Using sound lean practices, companies are now focusing on four major areas of waste as they review asset performance:

Availability - is critical for the asset to serve the company as intended

Performance - how well the equipment is behaving compared to its operational specifications

Quality - how good an assets output is can have a material impact on the company's margin

Energy consumption - is increasingly costly, and has become an integral element of asset performance


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Think about this, a single 100-hp motor running continuously at 95% efficiency over a five-year period will cost a company close to £350,000 in energy (10p/kwh). If the same motor consumes just 5% more energy due to suboptimal operation (e.g., energy waste), it will cost almost £17,500 more to operate and will generate significantly more CO2. By monitoring energy usage, companies can gain a view of the asset's true operating costs and take the appropriate action to reduce their operating costs and lower their green house gas emissions.
Infor EAM Asset Sustainability Edition is a natural evolution of the widely used Infor EAM solution. Infor EAM Asset Sustainability Edition integrates energy management with asset management. With Infor EAM Asset Sustainability Edition, Infor has redefined enterprise asset management from a solution that helps you maintain and extend the life of your assets to a solution that also can help you lower costs and reduce CO2 emissions by reducing your energy consumption.
As your business continues to respond to consumers and regulatory agencies who demand a more environmentally conscious approach, it makes good business sense to include asset management as part of your CSR and green strategy.

Sapphire is one of the largest independent providers of financial accounting and business management solutions in the UK and Europe. Headquartered in the City of London, with regional operations around the UK, USA and with multi-lingual capability, Sapphire has the skills and expertise needed to help you meet your business objectives like no other.
For more information on any of Sapphire's products and solutions then call us now on 020 7648 2000 or email info@sapphiresystems.com

 

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