| Power Generation Overview | |
| Power generation is one of the biggest industries in India. The Indian Electricity sector has made remarkable progress in the last five decades in the field of generation, transmission, distribution and utilization of electricity. However the demand of electricity has always been more than supply. Projected power requirement by year 2012 is per capita consumption of 1000 units per annum. Capacity utilization and hence improved efficiency are the key indicators to success in this industry. | |
Key
Challenges in Power Generation: |
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| Inventory carrying costs across locations |
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| Effective utilization of plant and machinery | |
| Controlling cost over-runs of projects. | |
| Monitoring various real-time plant parameters from different generating stations and improving operational performance. | |
| Fixed Asset management | |
| Solutions by Ramco OnDemand ERP | |
Ramco OnDemand ERP has addressed the above challenges and made it easier for power generation companies to analyze efficiency of multiple plants and engines across location. Budgeting can be done both at plant and turbine level with respect to the raw materials consumed and the electricity produced. Management reports gives the comparison and variance between the budgeted values for the raw material and the electricity generation on a day to day basis. Meter readings help to track the production of electricity as well as the auxiliary consumption of electricity and raw materials on a daily basis. The solution also provides the option of capturing the total turbine/engine run time and the break down time so as to capture the effective utilization of the plant and machinery, helping in optimizing the output. Fixed Asset Management Module in the solution provides Asset Register, which contains all the information required for managing the assets and also gives automated depreciated value of the assets. This will reduce the huge paper work to be maintained. The exhaustive reports available in the solution give the top management an insight into the actual situation of the company. Anytime availability of cost center based reports, gives the top management the confidence to analyze data anytime. MIS inventory-based reports enable the management to have control of the inventory across the locations. This enables the management to take corrective actions, as the information is available across locations. |
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