IBM has partnered with Harvard University researchers on a new WCG project to discover organic materials that have the potential to create a more efficient and lower-cost solar cell. If this research proves fruitful, it has the potential to make solar energy much more cost-competitive with fossil fuels and other power generation methodologies. The project not only has the potential of solving ...
Although the purchase price of offshored manufacturing may seem quite low, the purchase price does not take into account the many costs associated with offshoring. This article provides a detailed example of how to calculate the total cost of ownership for manufacturing. By comparing the total costs of local and overseas operations, organizations can decide which option makes the most sense for ...
The financial reform bill signed into law on July 21, 2010, included a six-page section that will have a direct impact on the supply chain for companies across industries. The bill creates new requirements that will have companies reporting to the Securities and Exchange Commission (SEC) on the origins of the gold, tin, tantalum and tungsten in their products. The goal is to prevent so-called ...
Enterprise carbon accounting (ECA) is an essential requirement for companies and will likely become necessary due to government legislation. No longer is it permissible for a company to look within its borders, but it must look at its overall environmental responsibilities and accurately gauge and measure carbon production and emission caused by its very existence. Financial data must be directly ...
Products and solutions from Siemens helped the company’s customers reduce their CO2 emissions by almost 148 million tons in 2008, which is more than 25 times the amount of CO2 that Siemens produced through its own business activities. This article summarizes the Siemens environmental portfolio and outlines the ways it impacts the environment. We then provide a brief analysis of the portfolio and ...
The Oil and Gas Industry is investing heavily in capital projects with a view to finding more recoverable reserves. Upstream global investment reached $450bn in 2009, much of this investment was in risky frontier locations. The high-value contracts that underpin this investment differ significantly from contracts that support on-going operations. To date, contract management software solution ...
One of the challenges faced by organizations that build and operate capital-intensive assets is the requirement for a range of best-of-breed software systems that are used by its specialist personnel throughout the life cycle of the asset to perform their roles, while ensuring that the key data generated, maintained and stored in these discrete systems is readily available to everyone in the ...
Major capital projects are the lifeblood of the oil and gas industry, and their end-products are a significant source of revenue for the project stakeholders (private, public and governmental parties) who share the burden of cost and risk associated with these projects. With so many interests riding on the success of a major capital project, every project management and execution team is under ...
American Electric Power was a best-practice partner in APQC's benchmarking study Risky Business II: Enterprise Risk Management as a Core Management Process. This summary highlights the processes and lessons learned at American Electric Power during the implementation of the enterprise risk management system
The Environmental Protection Agency (EPA) is in the process of instituting a new regulation under the Clean Air Act which will regulate the level of toxic emissions from industrial, commercial and institutional boilers. This rule is intended to reduce the number of toxic air pollutants released each year. In turn this is suspected to reduce the number of serious health related issues such as ...
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