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UTILITY SERVICES
Oil & Gas Companies, Power and Water Utilities and other industries have recognized that, despite all their cost-cuttings, re-organizations, new technology, productivity and quality initiative, they are still challenged with inefficiency and conflicting objectives, lack of coordination and missed opportunities. Today, the situation is further complicated by some of the following challenges:
- Environmental Regulations
- Industry Regulations
- Waste Minimization
- Reduce Material & Energy Usage
- Increase Throughput
- Improve Quality
- Improve Yield
- Increase Productivity
- Global Competition
- Reduce TCO
- Increase Asset Utilization
- E-Business Initiatives
- Internet
- Supply Chain Synchronization
- Increase Agility
- Faster Time-to-Market
Companies are increasingly dependent on critical assets throughout their supply chain, increasingly vulnerable to work stoppages and facing larger, more far-ranging problems when stoppages do occur. This is where
Strategic Asset Management (SAM)
can play a significant role. The fundamental concepts behind SAM include:
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SAM facilitates lifecycle management of all critical assets within an organization.
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SAM deals with how assets that are critical to business and financial performance are purchased, maintained and optimized throughout their useful life.
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SAM utilizes a set of processes, tools, performance measures, and shared understanding that glues the individual improvements or activities together.
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SAM can provide companies with an important source of cost savings, regulatory compliance, productivity enhancements and competitive advantage.
There are a number of standalone packages on the market that offer to help Utility Companies. However, those solutions only tackle one particular financial problem at low level (lots of well-meaning, but silo-based and sometimes conflicting local interest). Utility Industry requires a solution that does more than a local and low level analysis for a particular challenge. Further, government regulations apply to all the utility industry but the compliance strategies are specific to each industry. Clearly, the analysis of Utility Industries pains in implementing comprehensive business strategies reveals that the industry challenges can be addressed via some of the following SAM Enablers. The solution that we offer focuses primarily on the SAM for Utility Industry. The
DL
Informatique value proposition would help utility industries in the following manner:
SAM based components for Utility Services include:
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Asset Register: A Comprehensive list of what are the asserts, where they are and what they do is essential.
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Demand Forecasting: Ability to intelligently forecast demand put on a facility in the future is requisite to planning effective capital investment.
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Cost Modeling: Modeling cost of refurbishment, or green-field construction and the ability to do “what-if” analysis are necessary for implementing an effective Capital Investment Strategy.
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Capital Investment Planning: When to invest on what asset is crucial to a company’s revenue performance and cost reduction. The lifecycle management approach taking into account performance matrices, environmental and industrial regulation, demand forecast, and suitable cost model, to produce cost effective maintenance, refurbishment, or renovation plans to existing facility.
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Predictive / Preventive Maintenance: Inspections, condition assessment and monitoring systems need to drive maintenance, renewals and modification decisions
The above SAM components are excellent for performing "what if" analysis, system performance simulators, cost/risk trade-off calculators, project life cycle costing and investment prioritization tools.
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