RTIS® Helps Manufacturers Reduce Costs, Identify and Implement Operational Improvements, and Improve Sustainability
Manufacturers face significant internal and external pressure as they compete in the modern economy. Downward pricing pressure is constant but quality standards are increasing, making it difficult to find solutions that don’t compromise one or the other. For many companies, energy is an area where significant cost savings can be unlocked, but while energy is a top three operating expense for most companies, many lack visibility into how their operations are integrated with energy costs, and specifically how, when, and at what cost they use energy. This is why energy management software for industrial and manufacturing businesses has grown in popularity recently.
Further, consumers are increasingly showing a willingness to pay more for sustainable produced products and services when compared to lower priced goods from companies that utilize wasteful practices. This is just one way industrial & manufacturing energy management systems can have a positive impact on your business’ bottom line. Using RTIS® energy analytics, industrial manufacturers can gain the visibility they have been missing to better understand and reduce energy costs, identify and implement operational improvements and capital investments, and improve their sustainability.
RTIS® Offers Manufacturers the Following Benefits:
Improve profitability by reducing energy-related costs of goods sold and operating expenses.
Improve Energy Cost Transparency
Quantify the cost contribution of specific devices, pieces of equipment, and processes in real time.
Benchmark Equipment and Devices and Identify Anomalies
Create benchmarks from historical equipment usage and detect instances of abnormal behavior.
Reduce Maintenance Costs and Maximize Uptime
Employ analytics to monitor potential equipment failures before they occur to minimize production shutdowns and maintenance costs.
Allocate Energy Costs and GHGs to Units of Production
Improve cost accounting accuracy by determining energy costs and greenhouse gas emissions per unit produced.
Identify Operational Process Improvements
Identify wasteful processes and opportunities to implement behavioral modifications to operate more efficiently.
Identify, Evaluate, and Prioritize Capex Investment Opportunities
Apply analytics to determine which equipment and device replacements have the most attractive ROI and energy savings potential.
Utility Bill Analysis and Optimization
Identify the most attractive distribution rate classes and supply rates for your unique energy usage profile.
Improve Sustainability Performance and Reporting
Track real-time fuel-mix at the grid for more accurate and granular reporting.
Anticipate Periods of High Energy Costs and Pollution
Utilize weather, grid conditions, and historical facility usage data to predict upcoming periods of high energy usage and cost.
Energy Cost Transparency & Optimization
Utility bills are opaque and difficult to understand. The RTIS® rate engine provides transparency and reduces costs by analyzing your building’s energy usage profile and determining the most attractive rate classes, supply rates, identifying billing errors and applicable tax credits, and tracking utility tariff changes.
Through real-time monitoring and analytics on your critical loads, RTIS® dissects your business processes and building system performance to identify process improvements that reduce costs and improve your company’s sustainability.
RTIS® tracks historical and real-time equipment performance and factors in weather conditions to detect performance anomalies and inefficiencies to identify attractive capital investment opportunities.