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The LNS Research Blog provides an informal environment for analysts to share thoughts and insights directly with our community on a range of technology and business topics
In the realm of health and safety management, few topics have been a greater source of ongoing controversy over the years than Behavior-Based Safety (BBS). Some safety professionals believe this approach to environment, health, and safety (EHS) management helps reduce worker error, thereby minimizing health and safety incidents and, ultimately, saving lives. Others, however, think the approach is inherently flawed and suffers from a lack of quantifiable metrics and actionable intelligence.
Today, industrial manufacturing companies are facing greater operational and regulatory burdens than ever before. And while most companies have a strong annual focus on growing financially, the new realities of the business climate have made many organizations see that growth can only occur if operations are efficient and harmonized with sustainability initiatives. This is where Industrial Energy Management (IEM) can and does play a big role in helping to see and handle the larger overall energy picture.
As manufacturers move to more of a ‘service-based’ business model, they are becoming increasingly motivated to manage the complete lifecycle of an asset. As a result, we’re seeing how predictive maintenance can help in this journey—as this approach is applied to products, it can also be applied to high-value manufacturing assets. Take Rolls-Royce. Instead of limiting itself to remain a standard manufacturing-based enterprise, it has blurred the lines between product and service by selling ‘hours of flight’ instead of simply selling airline engines.
It seems like an age ago now, but the recent EPA coal-fired plant rules, announced earlier this month by Environmental Protection Agency (EPA) head Gina McCarthy, are still sending seismic waves across not only the coal sector, but across the many industries that rely on coal power.
The World Cup commences. What a beautiful time of global kinship and camaraderie mixed with a good dose of national animosity. Every four years we have this great opportunity to support our separate nations and cultural heritages as they vie for the prize, while at the same time coming together with our friends to mark the grandest tournament of the Great Game.
Although manufacturing and industrial companies are fueled by innovation and technological advancements, it's often the directly quantifiable improvements that get the most immediate public attention. But fear not, for two years and counting, the team over at Environmental Leader has been making an effort to recognize the newest and most innovative products and projects to highlight all of the great things being done in the space.
By 2040, the U.S. Energy Information Administration (EIA) predicts that worldwide energy consumption will have increased by over 50% from current levels and that the world's population will exceed 10 billion. And these are conservative estimates.
At a high level, what are most industrial companies focused on? Although there are a number of areas, one that stands out is improving operational costs. Both internal and external stakeholders are looking closely at revenue, earnings, and so on, adding pressure to not only maintain current performance but also continuously improve it. The question remains, however, how do you identify areas for improvement especially after taking care of the low-hanging fruits?
For a growing number of reasons, energy continues to be a critical issue for industrial companies. Most obviously, organizations are turning to industrial energy management (IEM) solutions and strategies for cost savings. However, many leading industrial companies have also made board-level commitments to improve the energy intensity of operations and reduce the carbon footprint.
At LNS Research, we’ve been working hard to address the most pressing issues organizations are facing today. For almost two years, we’ve been translating our quantitative research and discussions with industry leading executives into a constant flow of actionable research around the areas of enterprise quality management, manufacturing operations management, and sustainable operations.
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