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If you spend more than about $1 million a year on energy, your potential savings are big enough to make this worth your time.
If you operate more than about 20 stores, your energy-management challenges are complex enough that you’ll welcome these ideas, specifically aimed at multisite retailers.
Energy Blog Posts
Energy management systems gather facility and asset level energy data providing the control to initiate energy efficiency projects and effectively manage energy usage across a distributed organization.
Assets Energy Consumption
Do You Know the Energy Consumption of Individual Assets Across your Enterprise?
Industrial and commercial enterprises are not being pressured to find means to cut down energy consumption and reduce carbon emissions. Decision-makers in companies are now finding solutions but are overwhelmed by the different areas that need to be solved first to address the main problem of greenhouse gas emissions.
The government is now aggressively imposing legislations with corresponding monetary penalties for any enterprise that does not comply. Suppliers are expecting adoption of “green” policies, strategies and procedures while consumers are now better educated on the environmental threat of greenhouse gas emissions.
Any business faces the challenge of measuring its individual asset efficiency which has been historically poor at its best. Considering proper maintenance will be very helpful in extending an asset’s life, and any company would be particular of closely monitoring its assets’ performance because of the costs involved in the procurement of such. This translates to the balance sheet in investment return and operational costs.
By segregating each asset, companies will be able to see which ones are poorly maintained which can result to poor efficiency, and therefore, larger carbon footprint. In doing this, it is essential to get information on the exact energy consumption of every asset and assess efficiency through baseline standards.
Enterprise Asset Management Will Help Your Business Save
Energy use can be up to 90% of the total lifetime of an asset and organizations need to factor energy use into total cost calculations. Poor efficiency of any asset is mainly due to poor maintenance, and it is therefore important for proper maintenance to be pursued by any enterprise.
A strong Enterprise Asset Management program must engage all its employees to ensure successful operation and must be positioned in front and center. Such program should be able to interpret optimum energy consumption of each particular asset as a measure of it efficiency in performance. If an asset starts to underperform with its target consumption as the benchmark, corresponding notification should be triggered. The company should also lay out replacement strategies and incorporate it in its operating timetable, structured in such a way that it will make the most economic savings.
An Enterprise Asset Management program should be a continuous diagnosis, detection, and monitoring of any company’s assets’ performance. Ideally, preventive maintenance should be a priority in operations. Any indication of an upward trend in energy use by any asset indicates a trigger for further action to improve its efficiency or could be an indication that the asset should be replaced.
Preventive maintenance is a key practice in any Enterprise Asset Management program. This will greatly help in minimizing energy use which will eventually lead to reduction of a company’s carbon footprint.
About Verisae
Verisae helps measure, manage and reduce equipment and energy costs including the related business and environmental impacts of carbon emissions. The Sustainability Resource Planning (“SRP”) software platform improves operational efficiency, protects brand integrity and helps ensure regulatory compliance for distributed enterprises across many industries. Verisae delivers a broad range of sustainability solutions to dozens of clients globally with thousands of daily users including an extended network of third-party suppliers. Verisae’s integrated sustainability platform actively tracks millions of assets across thousands of sites worldwide.
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