OPTIMIZATION

Service Description

With foundations for decision-making and process control firmly established, we can now focus on Optimization. Optimization is a three-prong strategy to maximize profits today, create an efficient capital plan to capture near-term opportunities and identify future needs for innovation. The impact of this phase on financial performance is considerable. Optimization emphasizes marginal, incremental improvements based on existing knowledge and resources and is characterized by low risk, low innovation-threshold activities. We deploy EVOP (Evolutionary Operation) among other Process Intensification techniques to systematically make improvements with minimal disruption to productivity. Top performing businesses work diligently to maximize return on existing assets in the as-built process prior to spending capital. This requires discipline as many capex-related opportunities arise early on. However, Optimization evaluates the entire process and supporting infrastructure prior to spending capital. By doing so, we baseline plant performance, maximize return on existing assets and leverage a comprehensive view of opportunities to construct an efficient capital plan. Services and Deliverables for Optimization: • Process Margin Defense • Validate and Document Best-Practices • Baseline As-Built Performance (non-capital) • Lowest Cost Producer Industry Benchmark • Efficient Capital Utilization: Maximize Return on Existing Assets • Efficient Capital Utilization: Value-Ranked Capital Plan