Honeywell introduces Operations Management solution for improved plant operating performance
The Operations Management solution is an integrated set of software applications designed to work together effectively. Key functions within the suite include Operating Instructions, to set daily planning targets; Operations Monitoring, to systematically monitor targets; Event Monitoring, for general monitoring and notification when events occur; and tools to calculate KPIs.
The solution can serve as an operator logbook that links standard operating procedures, plans, and performance reporting. It also helps improve reliability by ensuring that targets fall within standard operating limits, and by detecting any deviations against these plans.
Virginia Burnell, Vice President and General Manager of Honeywell Hi-Spec Solutions, said, "We're committed to providing comprehensive supply chain optimization solutions to the process industries. The Operations Management application suite is a key component in the manufacturing execution phase of these enterprise solutions. It plays an important role in giving management the ability to realize the value inherent in optimization opportunities, and then take the action needed to deliver improved profitability and competitiveness to the enterprise." Operations Management meets the requirements of refineries, petrochemical plants, chemical plants, offshore production platforms, mines, pulp mills and other process facilities.
Operations Management is a member of Honeywell's Business.FLEX(tm) family of solutions designed to unify business goals and production automation. These solutions convert business objectives into operational targets for manufacturing and return validated production data. They improve the planning process; systematically measure, monitor and assess plant performance; and help in the collection and analysis of manufacturing data.
Honeywell Hi-Spec Solutions provides value-based solutions that maximize revenue and profitability and enhance cash flow of production-centric companies. As a premiere provider of supply chain optimization, Hi-Spec Solutions helps companies maximize their profitability through an integrated approach to improving manufacturing performance, expanding asset capability,and enabling improved decision making across the supply chain. Hi-Spec Solutions is the advanced applications business group of Honeywell Industrial Control, the leading worldwide supplier of industrial automation solutions. The Hi-Spec Solutions website is at www.hispec.com. Honeywell Industrial Control, headquartered in Phoenix, Arizona, is a $3 billion global leader in the supply of automation systems, advanced software solutions and value-added services used in a variety of industries including refining, petrochemicals, chemicals, oil and gas, pulp and paper, pharmaceutical, consumer packaged goods, and power generation. Industrial Control is also a leading global supplier of sensors, switches and control products for automotive, information technology, consumer, aviation and industrial applications. For inquiries, call 1-800-288-7491 or access http://www.iac.honeywell.com or www.honeywell.com/sensing.
Honeywell is a US$25-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. The company is a leading provider of software and solutions, and Internet e-hubs including MyPlant.com, MyFacilities.com and MyAircraft.com (joint venture with United Technologies, BFGoodrich and i2 Technologies). Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index.
Additional information on the company is available on the Internet at www.honeywell.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
Business.FLEX(tm) is a trademark of Honeywell International Inc.
Contact: Mike Abraham
(602) 313-4307
Industrial Control
mike.abraham@honeywell.com
Source: Honeywell Industrial Control