When it comes to Manufacturing, what we need is efficiency and sustainability for success. However, the problem here is when businesses achieve their targets when it comes to efficiency, they lose the battle for sustainability. That is where the power of technology plays the role of a bridge for the business world. Leveraging the power of Energy Management Systems or EMS is one of the primary ways manufacturers can achieve this.
In this article, let us delve deep into the depth of factory infrastructure and explore how implementing Energy Management Systems can lead to significant improvements in Return on Investment (ROI).
What is an 'Energy Management System'?
EMS is a comprehensive and integrated approach to monitor, control, and optimise energy consumption within a facility or organisation. It consists of both hardware and software elements created to gather real-time data on energy use, examine trends, and offer useful information to increase energy efficiency. Now with the use of EMS, organisations are able to control costs, demand, and energy usage with better knowledge.
It assists in lowering energy waste and operating expenses by automating processes including scheduling equipment, HVAC systems, and lighting. Also, EMS aids in establishing and achieving sustainability goals within the business context. For example, it can help in cutting carbon emissions and guaranteeing adherence to energy standards. This technology gives businesses the ability to effectively control their energy usage for both economic and environmental gains.
Key Energy Management Challenges in Factories
No-Limit for ‘Energy Consumption’
Factories face a big problem when they do not have clear rules about how much energy they can use. This can lead to a lot of issues like higher costs, harm to the environment, and not running efficiently. Factories have to figure out how to use enough energy to make things but not waste it.
Sometimes, they use too much energy because they do not have specific limits. If they need to solve this, factories need to use strict plans to manage energy.
Tracking Energy Wasting Assets / Higher Energy Consuming Assets
In factories, it is visible that some assets utilise a lot of energy. This is ranging from old machines and equipment that aren’t taken care of to processes that use too much power. Finding these energy-wasting assets is not as easy as it seems as factories are busy places with lots of processes going on.
When the authorities do not have a clear idea of exactly where and why they are wasting energy, it is tough to figure out how to save energy. Plus, it takes a lot of time and money to keep track of these energy wasters.
Keeping machines and equipment in good condition is important in factories to make sure everything works really well. Also, it ensures manufacturers do not waste energy or cost too much to run. But it can be tough to find the time and money for these check-ups in a busy factory.
If manufacturers do not take care of their machines, they can start using more energy than they should, break down, and make the factory stop working unexpectedly.
Top Ways to Maximise ROI by Utilising Energy Management System
Energy Cost Forecasting
As this technology has the capacity to meticulously examine historical energy consumption data and closely monitor prevailing market trends, it empowers factories to forecast future energy costs with precision. With the help of this progressive data, manufacturers are enriched with the ability to develop budgeting plans that work better. Also, it is making a way to gain more control over their energy-related costs.
As a direct result, the ROI of the industry is significantly improved. This is due to the improved budgeting and cost-control strategies that cut expenses and increase profitability that are backed up by EMS. When this solution is implemented in a factory, manufacturing facilities can align their energy usage with their financial goals. The desired result and the benefit is a more environmentally friendly and economically sustainable production process for sure.
This is an outstanding data-driven strategy, in which companies can handle their assets and machinery proactively. Plus, they can plan preventive maintenance based on real-time information. Factories in the manufacturing business can dramatically minimise downtime and prevent expensive emergency repairs by addressing faults before they develop into big problems. This proactive maintenance approach not only improves overall operational effectiveness but also significantly lowers costs.
In the end, the decrease in downtime coupled with reduced repair costs results in a significantly improved ROI as we expect. It is quite visible that EMS plays the role of a strategic approach for manufacturers looking to improve both their financial performance and production operations.
As we mentioned above, it is challenging to strike the right balance between efficiency and sustainability in the factory business. Manufacturers could enhance their reputation among consumers and potential collaborators by committing to environmental responsibility and aligning with sustainability goals. The parties who care about the environment and are looking for partners who share their values could be attracted by this favourable view. As a result, manufacturers can capitalise on new business chances, establish collaborations, and increase their client base, resulting in the creation of new income streams.
Manufacturers should not hesitate to implement EMS as it will open up new areas for them to develop. These intentional moves toward sustainability not only benefit the environment but also increase ROI through varied business opportunities.
Energy Consumption Reduction
How industries control their energy consumption is something to keep an eye on. Do you agree? This software solution is made to clear the path for that requirement. EMS helps businesses obtain a thorough understanding of their energy patterns by offering real-time monitoring and exact control over energy consumption. They are equipped to detect and eliminate places where energy is being spent unnecessarily.
What you will receive through this solution is data-driven knowledge, which results in significant cost savings. In a very short period, manufacturing companies will be able to drastically lower their energy costs by reducing inefficient practices and improving energy-intensive operations. Cost-cutting in the business world means maximising ROI!
Cerexio Energy Management Platform
Cerexio EMP stands as a data-rich insight platform, offering the capability to visualise and analyse energy consumption across diverse applications. This framework gives you the resources you need no matter what the industry is. The technologies, which are part of Cerexio EMP, efficiently monitor, evaluate, and optimise organisational resources, therefore minimising energy waste in both machines and structures. It offers a consistent and thorough perspective, streamlining energy management everywhere.
Achieving Greater Success Respecting Ethics with New Technology
It might be difficult for your business to balance eco-friendly initiatives and accomplishing goals at the same time. That is why you need to implement these robust technologies that can cater to your requirements. However, it is important to align your exact needs with the features and functionalities of the solution you are going to purchase. Otherwise, instead of maximising your ROI, it will maximise your spending unnecessarily.