Asset Optimization: Improving productivity & reducing costs

in industries

Problem:
Over the past two decades, discrete manufacturing and process industries have made great productivity
gains through effective implementation of advanced automation/efficient technologies. However, in the
face of increasing global competition and the demand to meet investor expectations, these productivity
gains are simply not enough to ensure future success.

Solution:
Above issues have forced many industries to re-evaluate their business models and move towards asset
optimization.

What is Asset Optimization:

Asset optimization (AO) is an approach that aids to elevate business operations by defining, identifying,
planning, and implementing initiatives that will help to improve the potential and value of the current
assets.

AO ensures Planning & assessment is done for every step of asset life cycle:

a) Concept & design

b) Procure & installation

c) Commissioning

d) Operation & Maintenance

e) Decommissioning

Why Asset Optimization:

AO in manufacturing has helped standardize operational and maintenance practices with a robust
approach & methodology based on world class manufacturing and maintenance work practices.

AO has become a key driver for business excellence and improving operational efficiencies. It focuses on
making assets sweat and increase the profit generated by assets during lifecycle.
Why ICF Should target AO Advisory
With increased awareness in industries regarding energy conservation opportunities, energy efficiency
consulting is becoming more prominent along with dwindling cost margins. Unlike energy efficiency which
focuses on process optimization & technology adoption, Asset Optimization offers holistic approach
covering every aspect of asset and associated processes. AO is relatively a newer term to which industries
are still warming up.

It will also help in expanding our client base and move towards large scale industries.