Production Balance is Honeywell’s solution for state of the art production/yield accounting. Production Balance has been successfully deployed in refineries, Oil & Gas facilities, minerals processing sites, as well as chemicals and petrochemicals plants.

In a production process, there are often a number of critical streams that have a large impact on profitability. Clear understanding of the limits and yields of those streams leads to better and more profitable operating decisions. Production Balance eliminates the need to rely upon potentially inaccurate instrument readings to determine feeds, yields, and inventories.

Production Balance automates the following yield accounting activities:

• Collection of production status and performance data.
• Translation of the raw data to meaningful information about the production, consumption and storage of materials within the facility.
• Calculation of material, energy, or other balances around the facility and/or individual process units/systems.
• Statistical data reconciliation of the measurement data, taking advantage of redundant measurements to improve the accuracy of the balance information (and thus, the inventory and movement) calculations.
• Support for Production Allocation, where required.
• Distribution of reliable information to supervisors, schedulers and planners, enabling effective business decisions to be made with regard to past and future operations, purchases and sales.

Production Balance is part of the Business FLEX^® Production Management family. Working in conjunction with Production Tracker (for automatic movement logging), Business Hiway (for ERP integration) and other related products, Production Balance forms part of a total solution for production management.