Profit-driven Operation is a solution for process industries that drives seamless alignment with plant management objectives across the organization, from the operations floor through to the C-suite. The solution is centered on a methodology of interrelated performance indicators distilled from Yokogawa’s extensive domain knowledge, and promotes profitability by helping to optimize the balance between conflicting objectives. It incorporates a new performance dashboard and related services designed specifically for the operations level, as well as programs provided by KBC Advanced Technologies, a wholly-owned Yokogawa subsidiary specializing in consulting and simulation for process industry management. The solution has already been optimized for oil refining and petrochemicals, and Yokogawa intends to expand its application to LNG and basic chemical plants in the near future.
Due to volatile market conditions, companies in the process industries are facing severe challenges to maintain and become more profitable.
Management concerns and challenges：
To help solve these concerns and challenges, Yokogawa has brought together in-depth domain knowledge and industry expertise with best-in-class operational technology and information technology to create an integrated performance management solution called Profit-driven Operation.
By fully utilizing this solution with related services, we estimate that in the case of an average oil refinery, profits can be increased by 10 million to 100 million dollars per year.
This unique solution has been made possible by integrating Yokogawa’s expertise in industrial automation technologies with the extensive domain knowledge of experts at KBC, which has decades of global analysis and consulting experience with major energy and chemical plants. Yokogawa collaborated closely with KBC industry consultants to first define and then systematically structure several hundred metrics, which Yokogawa calls “synaptic performance indicators” (SPIs), that are collected at the plant operations, engineering, and top management levels in refinery operations, based on deep knowledge of how they affect plant performance.
Conceptual framework of how top management, engineering, and operations SPIs are structured to align with high-level plant management objectives
By integrating our new performance dashboard and related services into a CENTUMTM distributed control system* (DCS), we can increase the efficiency of plant operators monitoring in real time and how their operation patterns are impacting high-level plant management objectives.
When this solution is implemented at a plant, optimal setpoint ranges are determined for each SPI. If an indicator moves outside the ideal range, built-in expert advice is displayed to support prompt action by junior and senior operators alike. SPIs and operator performance data are automatically called for internal and industry benchmarking, root cause analysis, and expert consulting to realize continuous profitability gains.
*Requires CENTUM VP R6 or later
The Profit-driven Operation solution portfolio also includes the KBC Co-Pilot ProgramTM, a unique package of cloud-based service offerings that displays engineering and management-level SPIs, and remotely supports assets with domain expertise and insight. In connection with this program, other KBC consulting services such as Operational Excellence and Profit Improvement are available as required.
An article titled "Profit-driven operations require IT/OT integration" published in Control Engineering in November 2019 provides the latest information about the solution and introduces an example of implementation at a gas separation plant in Asia.
Yokogawa has received the Global Customer Value Leadership Award for Integrated Performance Management from global market research and consulting company Frost & Sullivan as part of their 2019 Best Practices Awards. Announced on July 29‚ the award recognizes how the company's OpreX Profit–driven Operation solution helps customers in the process industries to deliver more profitable operations through real-time production performance improvements that are coordinated from management level to the plant floor.
Yokogawa has a long history of co-innovation in process control and safety. Combined with recent strategic know-how and IP-rich acquisitions, the company can now apply its deep domain expertise to create a differentiated offering in the industrial automation space. From analog or manual data being digitized to the complete digitalization and improvement of work process, with recently-acquired KBC, Yokogawa is helping industrial organizations transform their businesses to help meet both current and future challenges.
- Proprietary metrics methodology supports cross-organizational alignment with high-level objectives -
Looking for more information on our people, technology and solutions?