Performance metrics | What gets measured, gets done

Developed over thirty years ago and still popular today, the balanced scorecard is a management tool. It helps organisations measure their performance in relation to key aspects of their strategy, and vision. The concept has evolved over time and covers four business perspectives. Being: financial performance; customer focus; internal processes, and organisational capacity. Furthermore, key […]

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Food industry award for Smart Condition Monitoring

Food industry award for Smart Condition Monitoring. Mitsubishi Electric has gained recognition for its innovative Smart Condition Monitoring (SCM) solution. It won the Continuous Improvement category award at the 2017 Food Processing Awards. The ‘Appetite for Engineering’ conference, acknowledges engineering innovation in food and beverage production. Mitsubishi’s SCM provides a simple, easy to install solution […]

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Multiple energy efficiency benefits

  Almost all capital expenditure requires a financial return. But, with energy efficiency projects, ABB sees finance as only part of the story. Moreover, they estimate investing in energy efficiency generates multiple energy efficiency benefits, adding up to 50% more added value, plus energy savings. Most companies have a hurdle rate that defines the lowest […]

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E-Factory delivering manufacturing intelligence via MES

Processing data on the shop floor and improving manufacturing intelligence in real-time leads to greater productivity and competitive advantage. IIoT enables Smart Factories to efficiently connect real-time shop floor data with IT systems. Integration across domains is a huge risk to a project’s success, to deliver completion on-time and in budget. Importantly, automation suppliers are […]

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Linking asset maintenance and energy costs

Linking asset maintenance and energy costs   A recent white paper, Schneider Electric looks the relationship between asset maintenance and energy costs in pumping. Assets such as pumps need maintaining on an ongoing basis, and maintenance costs are 25% of TCO. Thus maintenance practices warrant examination of their contribution to energy-influenced savings. In pumping installations, […]

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