Plant-wide Performance Improvement
Plant-wide Performance Improvement
Lummus Digital provides a diverse range of solutions to monitor and improve plant-wide performance. It impacts the business value chain like demand forecasting and production planning; lab analytics; inventory optimization; pricing optimization; and more. These are enabled by advanced analytics, AI, and functional domain expertise.
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Demand Forecasting & Production Planning
iOps (Integrated Operations) - KPI Reporting
Lab Analytics (LVA)
Inventory Optimization
Products Pricing Optimization
Procurement Spend Analytics
Demand Forecasting & Production Planning
Solution Capability
Forecasts product demand based on market, customers, economies, and more. The solution optimizes the overall profit based on different metrics and each unit production, consumption, and inventories.
Value Proposition
- Improves EBITDA
- Produces higher yields
- Achieves lower costs due to optimal utilization of assets and product/ feedstock inventory
- Increases customer satisfaction and market share
iOps (Integrated Operations) - KPI Reporting
Solution Capability
Operations view of the performance of an overall facility. It is obtained by deriving and monitoring KPIs – operations, maintenance, utilization, HSE, inventory, and financials.
Value Proposition
- Empowers decision-making and increases collaboration
- Maximizes the operations' value chain
- Improves operational efficiency and plant/ asset reliability
- Adheres to people and plant safety, environmental compliance
Lab Analytics (LVA)
Solution Capability
Monitors the performance of Laboratory Information Management System (LIMS) activities. The solution helps improve the operations of the laboratory ….from the efficiency of technicians and the quality of their work, to the management of instruments and samples.
Value Proposition
- Improves LIMS performance
- Optimizes workload distribution
- Identifies bottlenecks very quickly
- Reduces waste from off-spec sampling
Inventory Optimization
Solution Capability
Drives efficiencies in the supply chain and recommends optimal spare stocking at a central warehouse and plant units. The goal: reduce holding costs while maintaining production levels
Value Proposition
- Improves plant/ asset reliability and order fulfillment rates
- Optimizes inventory costs
- Reduces spare stock-outs and working capital
- Enables better operational planning
Products Pricing Optimization
Solution Capability
To enable optimum and dynamic pricing of each product by considering commercial strategies, customers, competitors, and regulations.
Value Proposition
- Improves margin
- Increases customer satisfaction, loyalty, and market share
- Aligns with a fast-paced, volatile market vs. a time-consuming manual pricing process
- Consolidates views of the business portfolio and the portfolio balancing/ growth executive analysis
Procurement Spend Analytics
Solution Capability
Improves procurement performance; including procurement management and risk management.
Value Proposition
- Improves visibility & compliance
- Reduces maverick spend and overall spend management costs
- Capitalizes on opportunities - price discovery, payment term optimization, etc.
- Manages vendor performance effectively
