August 2022 Volume 4

MAINTENANCE

Efficiency is aWhole-Company Approach Plant efficiency has a direct effect on profitability. Direct and open communication between the departments in a company is crucial to improving efficiency and business competitiveness. Making correlations between energy costs (accounting), machine efficiency losses (maintenance), and customer quoting practices (sales) puts the company in a better position to offer more competitive pricing, or else reduce the costs of production which increases profit margins.

References [1.] M. Sheppy, L. Gentile-Polese and S. Gould, "Plug and Process Loads, Capacity, and Power Requirements Analysis," U.S. Department of Energy, Oak Ridge, 2017. [2.] Integral Power Technologies LLC, "Basics of Induction Heating (Presentation)," Integral Power Technologies LLC, Painesville, 2021. [3.] Dranetz Technologies, Inc., The Dranetz Field Handbook for Electrical Energy Management, Edison, New Jersey: Dranetz Technologies, Inc., 1992, 2013. [4.] "Transparent Energy," July 2022. [Online]. [Accessed 2022]. Josh Carney Technical Director Integral Power Technologies, LLC Phone: 440-701-6022 Email: jcarney@integralpowertechnologies.com

Figure 4. Departmental knowledge influences profitability.

Conclusion Efficiency is a hard-won goal. It requires open-mindedness, inter departmental communication, creativity, and knowledge. Studying work-flow and scrutinizing utility bills is a great start to improving profit margins.

FIA MAGAZINE | AUGUST 2022 16