You face a bigger challenge to profitability today than ever before: keep costs of goods sold down amidst increased competition and an ever-growing set of supply chain requirements. Balancing these requires coordination across the business. Siloed thinking and operations is leaving some manufacturers behind.
But a coordinated approach to cost management can't pull your team away from their key tasks, or add the burden of more work. Better energy management holds this promise, and leading manufacturers have realized it, optimizing their operations through the lens of their utility rate structure to reduce cost of goods sold and improve operating margins.
The challenge of understanding how changes in production impact energy costs hampers your ability to develop informed energy budgets. And when it’s time to buy energy, the standard approach of paper RFPs leaves you with limited options and poor visibility into actual market prices.
You need the right data, in the right format, at the right time to track product expenditures and build an accurate energy budget. And you need a procurement process that brings suppliers to bid openly for your business, giving you market transparency and confidence that what you’re paying is the best price on the market.
Online Procurement Platform
Track energy contracts in a single platform, identify favorable market trends, and get the best price for energy on the right terms for each facility.
Provide up-to-date visibility into what's driving budget variance across facilities.
Build and manage your procurement strategy, analyze performance against budget, and assess changing market dynamics.
Improve productivity by tracking energy costs against production outputs across facilities, production lines, and shifts.
Better manage risk and spend to stay within budget.
Nothing matters more than meeting production requirements while maintaining quality and cost. That alone takes all your people's time, yet you're still expected to help drive down costs and report on KPIs. To meet expectations, you need tools that save your team time and give you actionable steps to reduce production costs while meeting core operating objectives.
Cost Reduction Tools
Get the tools and visibility to assess the impact of production on energy costs, with analytics that highlight production inefficiencies.
Get energy use in financial terms to understand how production schedules and process lines are driving costs.
Save yourself and your team valuable time lost to reporting through automated reports built with granular energy use and production data.
Generate new revenue streams without negatively impacting operations by participating in demand response.
You've got a single mandate to reduce costs, a laundry list of potential projects all promising terrific ROI, and a massive spreadsheet for tracking opportunities. Prioritizing your list and choosing the best strategy for reducing can seem like rolling dice.
To take advantage of the highest-impact cost reduction opportunities, you need a consistent, data-driven process to identify, evaluate, and implement energy measures. Once projects are implemented, you need tools to easily quantify savings and report successes up and down the business.
Facility Analysis Tools
Reduce energy consumption without having to dedicate resources you don't have to energy management.
Deliver insights about costly inefficiencies to operations and production teams from a single source of record to eliminate confusion.
Project Tracking Tools
Ensure energy projects are being implemented as efficiently as possible, calculate projected savings, and keep upper management well-informed with less effort.
Align teams, processes, and metrics to help you drive effective energy management, from ISO 50001 certification to building a strategic energy plan.
Get the expertise of energy engineers finding ways to optimize building systems and equipment, so you can focus on priorities while ensuring energy efficiency opportunities are being addressed.
Despite the importance of sustainability to your business' brand, you wind up prioritizing the completion of sustainability reporting over controlling results. Without the right systems and controls in place, wrangling the necessary data to put forward credible sustainability initiatives that drive results is too big a challenge.
To overcome that challenge, you need the tools to make reporting and compliance outputs a standard business process, using accurate, auditable, and credible data that’s surfaced for you rather than compiled at great cost. And you need the ability to leverage insights from that same data to identify continuous improvement measures that reduce operating costs while improving sustainability.
Sustainability and Reporting Tools
Get the data you need to report on sustainability progress delivered to you, and the data compliance bodies need automatically delivered to them.
Extend your influence over engineering and operations with tools that help you make succinct, data-driven cases for specific energy efficiency initiatives.