Honeywell Hi-Spec Solutions Expands Product Set Beyond Process Optimization to Focus On Business Optimization.PHOENIX--(BUSINESS WIRE)--June 9, 1998--Honeywell Hi-Spec Solutions today introduced its expanded "Business Optimization optimizationField of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. " suite of application software -- shifting the paradigm of how technology is applied for maximum profits in process industry operations. Hi-Spec Solutions has moved beyond the model-based process control and optimization approach to include technology solutions that also focus on sustained asset capability and an improved business decision cycle. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Russel
"At Honeywell In 1927, the Minneapolis Honeywell Regulator Company was formed as a merger of Alfred Butz' temperature control company (1885) and Mark Honeywell's water heater company (1906). In 1957, Honeywell, along with Ratheon, introduced one of the first computers in the U.S., the Datamatic 1000. Hi-Spec Solutions," said McMeekin, "we recognize the priority need for business optimization by our customers -- achieving maximum profitability through optimum plant operations that are closely tied to corporate objectives." "Our broadened software offering positions Honeywell Hi-Spec Solutions as the sole vendor of advanced technology applications with a focus on business optimization and not just process optimization Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. ," McMeekin said. "Business optimization balances the month-to-month month-to-month adj. referring to a tenancy in which the tenant pays monthly rent and has no lease, and the tenancy can be terminated by the landlord at any time on thirty-days notice. (See: tenancy, landlord and tenant) demand for maximum profit with the longer-term need for sustained asset capability, while meeting enterprise requirements." The business optimization approach, McMeekin said, represents a paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. -- away from simply simulation, control, and optimization of one or more process units at an operating site -- to the overall performance and contribution of multiple process units at multiple sites within the total enterprise. Hi-Spec Solutions business optimization applications are grouped into three categories, each with a distinct benefit for the user: -- Process Performance Solutions generate more profit from process operations and improve income statement results. -- Asset Capability Solutions preserve valuable plant assets for sustained balance sheet performance. -- Unified Information Solutions integrate plant operations with corporate objectives and make plant-wide information readily available for better decision making. Process Performance Solutions help meet ongoing profit objectives through control and optimization of process units throughout the enterprise. Solutions are linked to site and corporate targets in real time to optimize optimize - optimisation overall process operations. These solutions build on Honeywell's extensive control and optimization experience, implementing applications that are complementary and unified to work together effectively. Financial benefit can be as much as 10 percent of feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing value. Hi-Spec Solution's recently announced Profit(TM) Suite family of advanced control and optimization applications is an example of Process Performance Solutions. Asset Capability Solutions deliver sustained plant capabilities through automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. monitoring and testing of process equipment and process operations. Early detection and alert of individual problem areas are combined with plant operating data to determine probable causes Apparent facts discovered through logical inquiry that would lead a reasonably intelligent and prudent person to believe that an accused person has committed a crime, thereby warranting his or her prosecution, or that a Cause of Action has accrued, justifying a civil lawsuit. and recommended actions to sustain optimal asset performance. Avoidance of process incidents and shutdowns can save a company millions of dollars annually. The Equipment Health Management (EHM EHM Extreme Home Makeover (TV show) EHM Engine Health Management (aviation) EHM Exception Handling Mechanism EHM Even-Harmonic Mixer EHM Equipment Hydraulic Module EHM exercise-hypogonadal male ) Virtual Testing(TM) application is an example of key Asset Capability Solutions. It is designed to test and diagnose diagnose /di·ag·nose/ (di´ag-nos) to identify or recognize a disease. di·ag·nose v. 1. To distinguish or identify a disease by diagnosis. 2. the health of critical plant assets. Virtual Testing provides early warning of potential problems in assets such as heat exchangers heat exchanger Any of several devices that transfer heat from a hot to a cold fluid. In many engineering applications, one fluid needs to be heated and another cooled, a requirement economically accomplished by a heat exchanger. , where problems can have an adverse effect on plant capability. Another example is the UserAlert(TM) application, an early outcome of work related to Honeywell's leadership of the government- and industry-funded Abnormal Situation Management The Abnormal Situation Management (ASM) Consortium is a long-running and active Honeywell-led research and development consortium of 13 companies and universities that are concerned about the negative effects of industrial accidents. (ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. ) Consortium. UserAlert helps process operators maintain normal operations Generally and collectively, the broad functions that a combatant commander undertakes when assigned responsibility for a given geographic or functional area. Except as otherwise qualified in certain unified command plan paragraphs that relate to particular commands, "normal operations" of by providing early notification of definable process alert conditions, ahead of more traditional and simpler process alarm systems. UserAlert is the first of several planned applications to leverage the research efforts of the ASM Consortium. Unified Information Solutions help ensure that corporate objectives are an integral part of the operational decisions and planning for each plant and throughout the enterprise. Of equal importance, the solutions make a wealth of consistent plant-wide data available as relevant information for use by operations and management staff to improve decision making and operational effectiveness. Companies are typically able to increase production by 2 to 5 percent and decrease costs by 0.5 to 1 percent. Unified Information Solutions are built with recently introduced Uniformance(TM) information and application software, now added to the Hi-Spec Solutions software family to bring a business focus into the process operations world. Uniformance includes both the process and plant data historians and a comprehensive plant reference model to allow uniform access to process and plant operating information by business-focused applications. A suite of new Uniformance plant management applications -- ranging from operations monitoring and production accounting to a fully functional laboratory information management system -- was introduced to help achieve corporate objectives across the enterprise and higher profits at the plant site. Further, a number of existing Hi-Spec Solutions applications were introduced as "Uniformance-compatible," enabling use and leverage of Uniformance infrastructure software and resulting in a common approach to technology delivery, even across multiple control systems and information platforms. Additionally, Manufacturing Execution Support (MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of ) applications from the OptiVISION product are being integrated with Uniformance. The OptiVision business unit serving the pulp and paper market was recently transferred from Honeywell-Measurex to Honeywell Hi-Spec Solutions. These MES applications provide planning and execution at the corporate level and manufacturing execution functionality at the plant or mill level. Applications span all the elements of managing a business including customer service, production, materials, and quality. Hi-Spec Solutions provides a variety of consulting and benchmarking services to help companies determine the appropriate business optimization solutions for their operations, and advanced services for rapid, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. implementation. Honeywell Hi-Spec Solutions is the leading supplier of Business Optimization applications software and services to the process industries. Business Optimization applications help companies maximize their profitability through a balanced approach to improving process performance, sustaining asset capability, and enabling improved decision making. Hi-Spec Solutions is the advanced applications business unit of Honeywell Industrial Automation and Control, the leading worldwide supplier of industrial automation solutions. Honeywell is a global controls company focused on creating value through technology that enhances comfort, improves productivity, saves energy, protects the environment and increases safety. The company services customers worldwide in the homes and building, industrial, and aviation and space markets. Honeywell employs 57,500 people in 95 countries, and had 1997 sales of $8 billion. For additional information, write to: Honeywell Inquiries, 2800 Wells Branch Parkway, Austin, Texas 78728. Inquiries also may be made to Honeywell by phone, 1-800-288-7491, or by fax, 512-244-9222 or via Honeywell IAC's Worldwide Web Site at: www.iac.honeywell.com. Honeywell Hi-Spec Solutions' Web address is: http://www.hi-spec.solutions.iac.honeywell.com. (R) TotalPlant is a U.S. registered trademark and Profit,Virtual Testing, User Alert, and Uniformance are trademarks of Honeywell Inc. All other product and brand names shown are trademarks of their respective owners. CONTACT: Honeywell Anne McCarthy, 602-313-5586 anne.m.mccarthy@iac.honeywell.com |
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