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Archive for March, 2012

Process Manufacturers Must Optimize Their Network of Assets to Drive Higher Margins

Geographic Market Shift Drives the Need to Optimize Plants and Assets Dynamically Across the Global Supply Chain

BURLINGTON, MA – Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced the availability of a new white paper, The Evolution of Optimization in the Process Industries.The paper says process manufacturing leaders must optimize networks of plants and assets to drive higher margins in response to geographic market shifts.  Written by IDC Manufacturing Insights and sponsored by AspenTech, the paper details how optimizing plants and assets dynamically across the global supply chain represents the latest phase in the evolution of process optimization.

The IDC paper highlights how competing effectively today requires a fundamental shift from supply push to demand pull.  This requirement is driven by the need to better satisfy customers in today’s environment where they have more supply choice.  As a result manufacturers must compete not just on product quality, but also on higher levels of customer service.

Applying optimization technology from AspenTech across engineering, manufacturing and supply chain operations helps process manufacturers achieve those higher quality and customer service levels by enabling them to operate as effectively and efficiently as possible, which translates into superior financial and operating performance.

A case study of Dow Chemical featured in the paper illustrates how the company is addressing critical business challenges through process optimization.  The paper underlines how Dow created a center of operational excellence run by a network of practitioners from multiple plants worldwide to rapidly share and disseminate best practices.  Dow’s cumulative savings from advanced control and optimization are projected to be more than $1 billion.

Download a free copy of the white paper, The Evolution of Optimization in the Process Industrieshere.

Supporting Quotes

Pierfrancesco Manenti, Head – Europe, Middle East & Africa, IDC Manufacturing Insights

“The most critical capability for a process manufacturing firm today is its ability to optimize the global network of production assets dynamically to fulfill customer demand, in the face of extremely dynamic business conditions.  We learned from customer interviews that the main reported benefits of a higher level of optimization are improved operational performance and faster response to market opportunities, leading to increased margins across the value chain.”

Blair Wheeler, Senior Vice President, Marketing, AspenTech

“Optimization has evolved to become a core driver of manufacturing performance — enablingfaster response to market changes, improved competitiveness and increased margins across the entire value chain.  This paper provides essential insight that process manufacturers can use to help them plan their optimization journey as global markets continue to shift.”

Supporting Resources

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process.  With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations.  As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.  To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

Process Manufacturers Must Optimize Their Network of Assets to Drive Higher Margins
Geographic Market Shift Drives the Need to Optimize Plants and Assets Dynamically Across the Global Supply Chain BURLINGTON, MA – Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced the availability of a new white paper, The Evolution of Optimization in the Process Industries.The paper says process manufacturing leaders […] »

Bryce Canyon National Park’s Solar Compactors

nationalparksblog.com

I am a firm believer that technology has an important role to play in our National Parks. While the parks themselves may be wild and rugged, technology can certainly solve some of the issues that occur when people want to visit these off the beaten track destinations.

One of the things that I love about traveling to National Parks is when I find a simple technological concept in use that makes perfect sense. On a recent trip to Bryce Canyon National Park, I noticed that all the trash cans weren’t simply regular garbage cans, but solar powered trash compactor cans:

BigBelly Solar waste & recycling station at Bryce Canyon NP

It’s such a simple idea that makes a whole lot of sense. The compactor means that the trash can doesn’t need to be emptied as often (freeing up extra time for park staff to do other things), there is no additional electricity being used (since they are solar) and they keep the park cleaner (since it is an enclosed system, birds and other wildlife can’t get into the trash can). I hope that I end up seeing more of these, and other similar simple concepts that make sense, in other National Parks I visit.

Bryce Canyon National Park’s Solar Compactors
nationalparksblog.com I am a firm believer that technology has an important role to play in our National Parks. While the parks themselves may be wild and rugged, technology can certainly solve some of the issues that occur when people want to visit these off the beaten track destinations. One of the things that I love […] »

Long-Term Care Coverage for Employees Continues to Decline As More Insurers Leave, Says HighRoads Study

BOSTON – Long-term care as an employer-provided benefit continues to be a dwindling part of an employee’s overall health care benefits package, according to the results of a Long-Term Care (LTC) Benefits Program Pulse Survey announced today by HighRoads, the industry leader in employer health care compliance and benefits management.  Key findings show that 51% of survey respondents provide long term care while 49% do not.  About half of those who have dropped LTC say they did so because the insurance carrier offering the coverage has exited the market.  On a positive note: 96% of companies who are offering LTC coverage say they will continue to do so.

In other key findings, the survey found that, of those who do not offer the coverage, some 40% plan to do so again in the future, on a voluntary arrangement, as opposed to a group basis.

HighRoads conducted the survey to assess current employer practices and future plans for offering long-term care (LTC) benefits programs to their employees. Respondents ranged in size from fewer than 5,000 employees to more than 50,000 employees. The majority of respondents have more than 10,000 employees.

“HighRoads’ survey indicates that long-term care coverage is continuing to be an endangered item for employees.  The country has a growing number of retirees – many of whom will need some type of long-term medical care services in the future.  It is a serious issue when insurers no longer are willing to provide this as part of an employee’s health benefits plan,” said Michael Byers, CEO, HighRoads. “With the elimination of the CLASS provisions from the ACA, which would have enabled working Americans to purchase coverage to supplement LTC and Medicare and pay for non-medical expenses to allow a disabled person to remain independent, millions of Americans will be left without a safety net should they become disabled,” added Byers.

According to data from the 2005 National Interview Survey and the 2004 National Nursing Home Survey conducted by the Health Policy Institute at Georgetown University found that over 10 million Americans need long-term services and support to assist them in life’s daily activities and that number is expected to grow with the aging of the population and growing number of people with disabilities.

The HighRoads survey found that more than 90% of the employers who offer LTC do so as an additional benefit to their employees.  The remainder is equally divided between offering LTC as part of their overall health care strategy and being required by union contracts to offer this benefit.

Of the employers who responded 71% offer coverage on a group basis.  The remainder offer it on an individual basis.

For a copy of the report please contact Petra Marino at pmarino@highroads.com

Long-Term Care Coverage for Employees Continues to Decline As More Insurers Leave, Says HighRoads Study
BOSTON – Long-term care as an employer-provided benefit continues to be a dwindling part of an employee’s overall health care benefits package, according to the results of a Long-Term Care (LTC) Benefits Program Pulse Survey announced today by HighRoads, the industry leader in employer health care compliance and benefits management.  Key findings show that 51% of […] »

APS Founder to Present the Benefits of APS eLearning at HealthStream Summit 2012

APS founder John Harrington will present “Protect Your Patient: Reduce Avoidable Medical Errors” at the HealthStream Summit 2012 in March.

Advanced Practice Strategies (APS), a leading provider of education solutions for risk management and patient safety, today announced their intention to speak and host an exhibit at the HealthStream Summit 2012 in March. APS will share examples of how their online clinical education and assessment tools assist organizations as they prepare to meet new challenges in the healthcare industry. APS founder John Harrington will present “Protect Your Patient: Reduce Avoidable Medical Errors,” outlining the evolving understanding of perinatal and surgical error and how systems based solutions, such as APS online clinical education and assessment tools, can be employed to address these issues. HealthStream Summit, the premier conference for healthcare learning, research, simulation, and talent management, expects nearly 600 attendees at this year’s event.

APS will host an exhibit to showcase their extensive eLearning course offerings. Their online curriculum focuses on clinically rich, interactive, team-oriented training and addresses many of the main drivers of claims and adverse outcomes. Highlighted at the exhibit will be courses in APS’s Perinatal Safety Curriculum, which includes Advanced Fetal Assessment and Monitoring, Managing Shoulder Dystocia, Operative Vaginal Delivery, and Postpartum Hemorrhage, as well as a monthly Competency Maintenance series designed to reinforce clinicians’ understanding of key concepts from the core training. Additional curricula include the Surgical Safety Curriculum, developed in partnership with AORN to empower nurses in surgical settings, improve communication within surgical teams, and reduce the risk of surgical errors. Additional APS courseware includes topics in patient safety, internal medicine, and core risk content.

“APS is excited about attending the 2012 HealthStream Summit,” said APS founder John Harrington. Using stories and data from those partners across the country who have published on the effectiveness of the APS curriculum, Mr. Harrington will describe how lessons learned from the courtroom lead to empowerment of teams through transformative education that reduces risk and improves outcomes. Harrington’s presentation will discuss the sources of perinatal and surgical error based on analysis of malpractice claims data. He will highlight how APS’s Perinatal Safety and Surgical Safety curricula, which emphasize a shared vision of care and a common language within the clinical team, significantly reduce the number of errors and overall mortality associated with the care rendered in these areas.

“Our goal at APS is to be a trusted partner that ensures organizations are preparing their clinicians to practice at the highest levels of quality and accountability,” said Mr. Harrington. “As we increase our understanding of how perinatal and surgical errors occur, we become better equipped to prevent them using education solutions that create a common vision of care and a shared vocabulary among the entire health care team while accommodating the needs of each individual.”

For more information about APS, visit APS. For more information about the HealthStream Summit, held at The Opryland Resort and Convention Center in Nashville, Tennessee from March 6th to the 9th, please visit the event website.

About APS
Advanced Practice Strategies (APS) is dedicated to improving the lives of both patients and their caregivers through effective, innovative education solutions. APS’s flexible, state-of-the-art eLearning program has helped hospitals and clinicians reduce risk and enhance patient safety across the country. APS’s Demonstrative Evidence Group is the nation’s leading provider of visual strategies and materials for courtroom defense against medical malpractice claims. Strategic partners include the Risk Management Foundation of the Harvard Medical Institutions and the Hospital Corporation of America. APS is headquartered in Boston, MA. For more information, visit APS.

APS Founder to Present the Benefits of APS eLearning at HealthStream Summit 2012
APS founder John Harrington will present “Protect Your Patient: Reduce Avoidable Medical Errors” at the HealthStream Summit 2012 in March. Advanced Practice Strategies (APS), a leading provider of education solutions for risk management and patient safety, today announced their intention to speak and host an exhibit at the HealthStream Summit 2012 in March. APS will […] »

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