Revealing Asset Performance Is Critical

Can an organization be both environmentally sustainable and economically competitive

in today's difficult world? This is a difficult question facing companies as they prepare their future plans. The global research company Accenture, found in a recent and important study that fully 93% of chief executive officers felt that sustainability issues were "critical to the company's future success." Apparently this is one of the most comprehensive analysis ever conducted and these findings are extremely important.

Most of the companies questioned by Accenture were larger than the average company of today, but nevertheless the principle must be adhered to. Everything in the corporate power must be used to chase environmental sustainability, as much as anything else to show the rest of the world what is taking place. Brand management and reputation were also cited by three quarters of those surveyed as being highly important.

Every company seeking to become balanced in terms of environmental responsibility and competition must realize that ultimate asset performance is critical. While sustainability encompasses many areas including waste, water and labor, the appropriate management of assets represents the greatest area for gain.

Each asset's penchant for energy consumption must be revealed and recorded. From this point, future performance can be anticipated. Historically, assets may have been subject to a periodic maintenance schedule, but very often problems were only revealed when failure or significant issues were imminent. It's important to monitor each asset on a real-time basis, to determine its energy use. In this way, its performance can be compared to the benchmark statistics to see whether problems are around the corner.

The dilemma facing management is significant. It will undoubtedly have many banks of long-term assets and how can it incorporate these new measurement metrics into procurement and installation strategies? Will it be necessary to write off all assets to zero and "reintroduce" them into the inventory? Maybe this is the way to pursue true sustainability from now on?

Monitoring and prevention are the new buzzwords. The majority of companies still reveal energy at a meter level and are thus unable to ascertain the truth value of each asset. In a complicated organization, thousands of assets can determine whether an organization is seen to be sustainable. Without a means of individually managing, no company can hope to take good care of its brand and reputation.

Carbon should not be viewed as a threat or a liability. Rather, it should be viewed as the catalyst to push the organization to reveal its absolute asset productivity, probably for the first time. Asset performance, when optimized, would reduce an organization's energy liabilities and could reveal additional profits.

IT departments will become increasingly focused on corporate social responsibility and the need to use gathered asset performance data to drive business decision-making. Sustainability will become the core fabric of the organization.

by: Daniel Stouffer..

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