Industrial enterprises are experiencing a crisis. They’re faced with the need to acquire new technologies just to remain compliant while at the same time budget shortfalls, increased regulatory requirements, and supply chain disruptions are affecting revenues.
What if I told you that investing in Advanced Process Control (APC) systems will save more money in a day than you’ll actually spend to acquire them?
While the actual architecture of an APC is complex, its use and value can be boiled down in layman’s terms to mean a combination of technologies that are designed to improve control over processes and productivity. In an industrial environment, such controls are linked to a distributed control system to automate critical workflows, predictively optimize production, and reduce production costs.
Although it’s normally viewed from an engineering standpoint as a way of impacting operational efficiency, it can apply to other processes that affect efficiency and cash flow, such as invoicing and field ticketing systems.
In all cases, the gains are financial as well as operational.
Whether your industrial facility is government-run, you’re a B2G contractor or a private B2B enterprise, you have a vested interest in reducing costs, saving time, and eliminating touchpoints. Automated process controls allow you to meet your targets faster and with a higher degree of efficiency.
You’ll also benefit from:
Electronic invoicing allows you to future-proof your enterprise through digitization. The fact is, many governments are mandating electronic invoicing for all government contracts, a requirement that will soon carry over into the private sector.
In fact, Italy already amended the EU mandate to include B2B transactions in 2019, and France plans to extend the current requirement to businesses by 2025. Countries that haven’t already begun the process will soon follow suit.
But, implementing effective APC requires a comprehensive approach that involves all stakeholders and integrates every process.
This is especially true in production environments, where the simple act of automating field tickets and invoicing systems can realize savings on up to 80 percent of the cost of processing alone.
Before you begin your digital transformation, here are some things to consider.
Before you implement any process, you should have a realistic view of its capabilities and measure that against your expectations. Even the most advanced technology isn’t magic. Consider not only what is possible, but the willingness of your team, vendors, and other stakeholders to buy into the process.
Your operation isn’t always static, so your tech solution shouldn’t be, either. Even workflows and processes within an industrial complex can vary from the facility to the field or warehouse to the head office. Solutions should be flexible and practical enough to adhere to the requirements of diverse operational environments.
Technology is evolving faster than many developers can keep up with. Explore your options and choose a tech partner that offers current, scalable solutions and continual process improvement.
There is no one-size solution when it comes to technology, not anymore. Take the above considerations under advisement and choose the vendor that best fits your current and future goals and requirements. Engage Mobilize specializes in cutting-edge solutions in energy, oil & gas, renewables, and related industries.
In order to make data-driven decisions, you need access to reliable, real-time information. A centralized, automated procure-to-pay (P2P) system allows you to capture meaningful data from multiple ERPs and widen your field of vision.
Without such capabilities, you’ll lack meaningful data related to:
In an industrial environment where the cost of production is increasing, anything you can do to control processes will result in cost savings. Advances in technology allow you to consolidate processes while providing a high ROI on your investment.
The result is a more streamlined, efficient enterprise that’s competitive and compliant.
Let an expert at Engage Mobilize show you how it’s done. Contact us to book a consultation today.