Continuous process manufacturers are continually looking for ways to increase the performance of all their resources—people, processes, business resources and assets to maintain their competitive edge in the market. They also know that when the right information is presented to the right user in a timely manner, it makes a big difference in driving efficiency and cost reduction efforts. Honeywell has been on the technology forefront, helping manufacturers improve business performance and peace of mind by developing solutions that turn resources into results.
In fact, performance management has become a business philosophy that enables a manufacturer to take a proactive business approach that aligns business goals with execution for a more accurate picture of the business. It is designed to flag potential problems that could impact the production schedule, such as inventory shortages or recurring equipment problems. It enables plant personnel to be much more productive because they manage by exception, meaning they spend less time gathering information from a historical perspective and more time on present issues or processes that are flagged as not performing.
Honeywell’s solution for performance management is a powerful application that leverages all the data sources across the enterprise and presents it back in the form of scorecard with key performance indicators (KPIs) that support intelligent decision-making. KPIs may be based on process, production, financial, plant assets, or safety-related metrics. It offers a simple way to summarize and analyze production performance for management and plant personnel.
The performance management solution is tightly coupled with its asset management solution because asset optimization is an important piece in improving business and production performance. Asset management is designed to manage and track the overall health and maintenance of plant assets to ensure optimal uptime, availability, and capacity.
Honeywell’s Performance and Asset Management solutions are part of a complete portfolio of advanced software applications in the Experion PKS™ Process Knowledge System (PKS). The Experion platform provides the foundation for integrating all process control and safety management systems into a single, unified architecture.