September 2005

Columns

HP Integration Strategies: Can metrics reveal automation as a 'profit maker'?

For the past decade or more, manufacturing has been fixated on three things: reduced costs, reduced headcounts and eliminating poor-performing businesses. No wonder that automation metrics, if availab..

Hill, D., ARC Advisory Group

For the past decade or more, manufacturing has been fixated on three things: reduced costs, reduced headcounts and eliminating poor-performing businesses. No wonder that automation metrics, if available at all, are typically focused on the cost side of the business accounting ledger. Refining and chemical processing companies participating in ARC's Automation Benchmarking Consortium initiative are collaborating on metrics they are using and creating new metrics that are not just confined to the cost or efficiency side of the equation. Both the effectiveness and efficiency perspectives are required to expose automation's rightful place as a key "profit maker" for manufacturing operation

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