Yokogawa Electric Corporation announces OpreX Profit-driven Operation, a solution for process industries that drives seamless alignment with plant management objectives across the organization, from the operations floor through to the C‑suite. The solution is centered on a methodology of interrelated performance indicators distilled from Yokogawa’s extensive domain knowledge, and promotes profitability by helping to optimize the balance between conflicting objectives. It incorporates a new performance dashboard and related services designed specifically for the operations level, as well as programs provided by KBC Advanced Technologies, a wholly-owned Yokogawa subsidiary specializing in consulting and simulation for process industry management. The solution has already been optimized for oil refining and petrochemicals, and the company intends to expand its application to LNG and basic chemical plants in the near future.
Performance metrics methodology
This solution has been made possible by integrating Yokogawa’s expertise in industrial automation technologies with the extensive domain knowledge of experts at KBC, which has decades of global analysis and consulting experience with major energy and chemical plants. The company collaborated closely with KBC industry consultants to first define and then systematically structure several hundred metrics, which the company calls “synaptic performance indicators” (SPIs), that are collected at the plant operations, engineering, and top management levels in refinery operations, based on deep knowledge of how they affect plant performance.
