As the world continues to face growing environmental challenges such as climate change, resource depletion, and waste management issues, more companies are focusing on sustainability in their technological approaches to day-to-day operations.
Embracing sustainable practices in technology can have wide-reaching benefits not only for the environment but also for society, the economy, and businesses.
Sustainability is a key component of most modern enterprise asset management systems. With Maximo Application Suite, you can integrate several features to contribute to more sustainable business practices.
Operationalizing Sustainability
Controlling expenses while minimizing your company’s carbon footprint and adhering to compliance regulations can be challenging. Using Maximo Application Suite, you can manage, monitor, and maintain facility operations that promote sustainability throughout the asset lifecycle.
Energy and Resource Efficiency
Using MAS enables your organization to monitor and optimize asset performance, but what does this mean regarding energy and resource efficiency?
Maximo Energy Management within MAS is designed to help organizations optimize energy usage while being mindful of energy costs and sustainability. Operational managers can improve decision-making regarding energy sustainability measures by monitoring, controlling, and analyzing energy consumption data across facilities and operational assets.
- Energy data integration and monitoring: integration with multiple data points, including smart meters, building management systems, and energy management systems, in real-time allows for monitoring across various assets, buildings, and facilities within a company.
- Energy consumption analytics: using analytical tools to help organizations understand energy consumption patterns, identify inefficiencies, and benchmark energy usage compared to internal goals or industry standards. This helps to identify where energy-saving measures are most needed.
Predictive Maintenance and Lifecycle Management
Maintaining asset health can also directly contribute to carbon footprint reduction and cost-effective operations.
Using MAS, organizations can improve energy efficiency and reap the benefits of less downtime, fewer repairs, and a longer equipment lifecycle.
- Predictive analytics: AI-based technologies and leveraging historical asset data, promotes proactive maintenance and can predict future energy usage trends while continuing to monitor current usage and asset health with Maximo Health and Predict, reducing the need for replacement parts, decreases resource and material consumption, and minimizes overall waste.
- Asset lifecycle management: from asset acquisition to asset retirement, ensures that assets are used for their maximum lifespan, reducing the environmental impact of manufacturing and shipping/installing new equipment.
Supply Chain Optimization
Sustainability is closely tied to efficient supply chain management. Traditionally known for asset management across organizations, IBM Maximo has expanded its capabilities to support broader enterprise resource planning functions, including supply chain management.
Maximo’s ability to track the procurement, maintenance, and disposal of materials and assets helps organizations reduce excess inventory, optimize logistics, and minimize resource waste.
- Better planning and utilization of resources (including energy and water consumption).
- Tracking materials and spare parts to provide real-time visibility into stock levels and prevent overstocking and shortages.
- Streamlining logistics and distribution of products to ensure the most efficient delivery routes, times, and costs are chosen.
- Adhering to sustainability goals and helping organizations choose suppliers with a low environmental impact.
- Disposing and recycling end-of-life assets properly, which contributes to a more sustainable asset management strategy.
Regulatory Compliance
Organizations are under increasing pressure to comply with new environmental regulations and sustainability standards within their specific industries. Maximo can assist with built-in tools for tracking and reporting common sustainability metrics like carbon emissions, water usage, and waste generation.
- Emissions management: efficiently track and manage continuous and fugitive emissions, including data on leads and spills captured by technicians and sensors in multiple locations. Using inspection and work management features, MAS also uses emission formula calculations shown on the Operational Dashboard to provide an overview of how assets perform on a sustainability scale.
- Mitigate emissions incidents: enable real-time detection and response to emissions incidents using the Emissions Management feature in the Maximo HSO module, focusing on incident management and operator logs while also using root cause analysis to pinpoint the cause, design a corrective action plan, and prevent future incidents from occurring.
- Emissions maintenance: perform regular maintenance, prioritized according to criticality and risk associated with each. Using Maximo HSE and asset management capabilities, perform cross-functional collaboration between technicians, operational managers, and environmental officers to regularly inspect and monitor key assets for emissions and other related events.
- Recording of emissions data: per regulatory compliance dictated by industry, simplifies compliance management by associating regulations with specific assets within an organization and maintains lifecycle management of regulatory permits. Also integrates with IBM Envizi ESG Suite, allowing for corporate sustainability reporting and data storing for future audits and inspections.
Digital Transformation for a Reduced Environmental Footprint
The less paper is used, the more environmentally friendly the process will be. In digitalizing assets, organizations reduce their environmental impact with more efficient use of digital and internal resources.
- Cloud-Based Solutions: reduces the need for on-premises hardware and paper-based systems, contributing to overall energy savings and lowering the carbon footprint of paper-based systems and individual data centers.
- Extending Asset Lifespan: With predictive maintenance and AI-powered remote monitoring capabilities, improved product designs and procedures reduce operational downtime and increase asset durability, energy efficiency, and lifespan.
Using Maximo makes adhering to environmental sustainability regulations easier by allowing companies to monitor processes and keep records for auditing purposes. From air quality and emissions compliance standards to water use and energy efficiency, MAS is designed to help promote operational sustainability in the digital age.
With the benefits of reduced operational costs, lower energy consumption, reduced waste generation, improved decision-making, and an enhanced asset lifecycle, organizations can concurrently make informed choices regarding asset upgrades, maintenance strategies, and sustainability initiatives.
Want to learn more? Contact the Projetech team today to explore MAS and talk about compliance and sustainability for your industry.
