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WBSP072: Grow Your Business by Optimizing Your Facility’s Energy Consumption w/ Mike Nager

WBSP072: Grow Your Business by Optimizing Your Facility’s Energy Consumption w/ Mike Nager

FromWBSRocks: Business Growth with ERP and Digital Transformation


WBSP072: Grow Your Business by Optimizing Your Facility’s Energy Consumption w/ Mike Nager

FromWBSRocks: Business Growth with ERP and Digital Transformation

ratings:
Length:
34 minutes
Released:
May 10, 2021
Format:
Podcast episode

Description

Energy has always been one of the heaviest line items on a P&L for manufacturers. While manufacturing executives are acutely aware of the energy costs, they have struggled to enforce energy-saving procedures. In fact, the push for quality and productivity could have counterproductive effects on energy consumption. To find the cost-saving opportunities available through energy, the executives need to consider comprehensive approaches, including factoring energy costs into product costs and performance metrics like product quality and quantity. They also need to adopt industry 4.0 technologies to provide historical data to capitalize on cost savings available through energy.In today's episode, we have our guest Mike Nager, who discusses the organizational metrics and KPIs that completely ignore the cost savings opportunities available through control and policies. He also touches on trends in other countries where energy prices may be higher. Finally, he shares several stories and describes several technologies that companies could use to accelerate industry 4.0 adoption, which will help companies save on energy costs and help them grow faster.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
Released:
May 10, 2021
Format:
Podcast episode

Titles in the series (100)

WBSRocks podcast features in-depth conversations on ERP, digital transformation, manufacturing, supply chain, eCommerce, and industry 4.0. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily operational and financial growth challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various ERP vendors and solutions, and enterprise software mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!